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The Great Regret?

The Great Regret?

All of us are aware of the phenomenon known as The Great Resignation in which a record number of people are leaving their jobs, in many cases without having secured another position. As depicted in the following graph, the percentage of the workforce...

The savings rate has fallen to 4.4%

Economic Statistics Gone Wild

An important economic statistic is the Personal Savings Rate which is defined as Savings divided by Disposable Personal Income. From the 1960’s through 1982, relatively thrifty Americans consistently saved between 10% and 15% of their incomes. Given a generally strong economy and rising...