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This Washington Post article complains that Americans are saving too much and asserts that the current savings rate of 3.7% is “above historical norms”. While it is true that it is higher than during the lows of the housing bubble, it is still lower than during most of recent American history as this chart illustrates.
2012-10-03 00:23:25
Source: http://stefanmikarlsson.blogspot.com/2012/10/us-savings-rate-isnt-above-historical.html