Friday, June 29, 2012

Real Personal Saving per Capita

Click to enlarge.

May 1, 2007
Bernanke Advocates More Saving

“Saving is critical,” Bernanke said in response to questions after a speech at Montana Tech.

Click to enlarge.

Source Data:
St. Louis Fed: Real Personal Saving per Capita
St. Louis Fed: 3-Month CD


Mr Slippery said...

On a person note, I've never saved as much as I have over the last two years, and my savings will grow starting next month.

If you are saving, you are not spending, and the smart ivory tower people at the Fed want more spending, not saving. Only bad people save and they must be punished.

None of that really matters because of ... Robots!.

Jazzbumpa said...

Not certain about this, but I believe that deleveraging counts as savings in this reckoning.

Kinda makes accounting sense if debt is negative saving - but it looks as if people have been salting it away from '05 until recently.

Somehow, I have a hard time believing that this really is a picture of actual savings.


Stagflationary Mark said...

Mr Slippery,

From your link...

And there is nothing some central banks' printers can do about that.

Go figure!

Stagflationary Mark said...


I believe you are right. I also believe your conclusions are right.

And then there is income inequality. If one rich person saves a lot and a great many poorer people live paycheck to paycheck (at best) while attempting to somehow pay down their debts, is that really saving?