The next time you hear about our nation’s negative savings rate you’ll thank me for posting this article.
The way the savings rate is calculated is just plain stupid and measures nothing meaningful. According to this oft quoted statistic we Americans are simply gluttons who can’t control ourselves, the truth is somewhat more encouraging.
I encourage you to read this article, you’ll start ignoring those news clips that talk about how bad we are for not saving!
Scott Dauenhauer, CFP, MSFP, AIF