Perhaps you thought that after years of excess, Americans were finally starting to save -- a welcome, if not somewhat painful trend.
But nope.
Mike Mandel has put together this awesome chart (via Felix Salmon) showing that our net national savings rate, which includes private, business, and government savings is the lowest it's ever been since WWII. You may be saving, but someone else (Uncle Sam) is spending for you).
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See Also:
- CHART OF THE DAY: What, You Think The Savings Rate Can't Go Higher?
- You Can't Imagine How High The Savings Rate Is About To Get
- WEAK: Consumer Sentiment Misses Again
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