Quote:
Originally Posted by After Shock Media
isnt the average saving rate like barely above 0% now
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The way that is calculated is awful. They just use income - expenses - taxes as "savings" discounting any sort of capital appreciation. So when people were doing great in the markets in the 90s or housing in the late 90 and early 00s they were still being shown as having close to zero "savings". Opposite is true in times like this when there is capital depreciation for many people. Either way the stat seems to be pretty useless as is.