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Jonathan Clements: Where We Stand: America’s Savings Habits
FYI: DURING THE 35 YEARS THROUGH 1984, the annual U.S. savings rate averaged 11.1% and never fell below 9%, according to Commerce Department figures. Since then, the annual savings rate has never been as high as 9%. From 1985 to 1998, it averaged just 7.3%. From 1999 to 2017, it was even worse, averaging a meager 4.8%. Regards, Ted http://www.humbledollar.com/money-guide/americas-savings-habits/
