 |
| As of Sep-17 |
... and that level is not adjusted for the major monetary inflation that has happened ever since.
So, comparing it to the M2 money supply, personal saving has not been this low since July 2005, which remains the lowest on record.
With saving being an important determinant of economic growth and stability, the significant decline in saving in recent years cannot end well. For more on this, see: The Economic Significance of Saving.
So, comparing it to the M2 money supply, personal saving has not been this low since July 2005, which remains the lowest on record.
 |
| As of Sep-17 |
With saving being an important determinant of economic growth and stability, the significant decline in saving in recent years cannot end well. For more on this, see: The Economic Significance of Saving.
No comments:
Post a Comment