Savings rates are a much better monitor of the general population's cash-on-hand, since total savings amount can be skewed due to the amount of wealth held at the top.
This is telling us the amount of money saved as a percentage of total income.
This is against a graph of gross credit card debt.
Which, looking at its sharp rise against the collapsing savings rate, would suggest that people are having a harder time paying their month to month bills.
Which I think is evidently true.
That sharp uptick in 08 would far expand beyond an inflationary dollar values over just a 20yr period.
DaBearsManiac t1_iuunodb wrote
Reply to comment by mehnimalism in US Credit Card Loans v. Personal Savings Rate [OC] by rosetechnology
Disagree.
Savings rates are a much better monitor of the general population's cash-on-hand, since total savings amount can be skewed due to the amount of wealth held at the top.
This is telling us the amount of money saved as a percentage of total income.
This is against a graph of gross credit card debt.
Which, looking at its sharp rise against the collapsing savings rate, would suggest that people are having a harder time paying their month to month bills.
Which I think is evidently true.
That sharp uptick in 08 would far expand beyond an inflationary dollar values over just a 20yr period.