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Elli · 02-06-2007, 03:58 PM

The other day CNN reported that the savings rate for 2006 was the lowest it's been in 74 years. People saved an average of -1%, which means they even borrowed from their savings in order to spend more money. What was 74 years ago? Oh yeah.. the Depression.

I'm foreseeing a bit of belt tightening in the next little while when those bills come due.

02-06-2007, 03:58 PM
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	The other day CNN reported that the savings rate for 2006 was the lowest it's been in 74 years. People saved an average of -1%, which means they even borrowed from their savings in order to spend more money. What was 74 years ago? Oh yeah.. the Depression. I'm foreseeing a bit of belt tightening in the next little while when those bills come due. __________________ email: [email protected]