NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Maybe because 4 out of 10 adults are overspending.
Uh Oh! Maybe that's the truth.
When those 4 out of 10 go bankrupt and cannot continue iPhone upgrade, say hello to recession?
I recall that the Great Recession caused people to buy smaller homes and save more. Has that effect worn out?
Here's a chart of the savings rate from the Federal Reserve, for both the government and private citizens.
Notes: DPI is disposable personal income, and GNI is gross national income.
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