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Savings a Bust for Boomers

October 26th, 2007 at 03:31 pm

According to the U.S. Commerce Department, the national savings rate is the lowest since the Great Depression, at just under 0%. That means that people are spending more than they're making, or at the very least have debt interest rates that cannot keep up with savings rates.

1 Responses to “Savings a Bust for Boomers”

  1. veronak Says:

    less than 0%, this is scary

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