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Chart of the Week: Savings as a % of Disposable Personal Income

Posted By Barry Ritholtz On August 29, 2005 @ 2:09 pm In Economy,Retail | Comments Disabled

The U.S. savings rate has plummeted since 1980, from over
10% to under 1%.

Savings as a % of Disposable Personal Income
click for larger chart

Debt_aug_2005_1 [1]

Source: Detroit News [2]

AP reports that “every American man, woman and child” owes
$145,000. That is the cost of the long-term promises the U.S. government has
made to creditors, retirees, veterans and the poor. That doesn’t include
credit card bills, mortgages — all the debt we’ve racked up personally.

>

Random Items:

Supply factors in the 2005 oil price surge [3]

How big is your bubble? [4]

’Whats Real About the Business Cycle? [5]

The struggle over science [6] (see also Adam, Eve and T. Rex [7])

Emerging Technology: Digital Hook ups [8]

Single Mother Of Five Takes On RIAA In Downloading [9]

>

Quote of the Day:

"All progress is based upon a
universal innate desire on the part of every organism to live beyond its
income."
-Samuel Butler [10]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/08/chart-of-the-week-savings-as-a-of-disposable-personal-income/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/debt_aug_2005_1.gif

[2] Detroit News: http://www.detnews.com/2005/money/0508/28/A04-295403.htm

[3] Supply factors in the 2005 oil price surge: http://www.econbrowser.com/archives/2005/08/supply_factors.html

[4] How big is your bubble? : http://www.bankrate.com/brm/news/mortgages/HouseBubble.asp

[5] ’Whats Real About the Business Cycle?: http://research.stlouisfed.org/publications/review/05/07/Hamilton.pdf

[6] The struggle over science: http://news.bbc.co.uk/1/hi/magazine/4172504.stm

[7] Adam, Eve and T. Rex: http://www.latimes.com/news/local/la-me-dinosaurs27aug27,0,6894033.story?coll=la-home-headlines

[8] Emerging Technology: Digital Hook ups: http://www.discover.com/issues/sep-05/departments/emerging-technology/

[9] Single Mother Of Five Takes On RIAA In Downloading: http://www.ritholtz.com/blogCase http://www.mtv.com/news/articles/1507708/20050816/index.jhtml?headlines=true

[10] Samuel Butler : http://www.victorianweb.org/science/butler.html

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