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...
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- Tag: economy
The pandemic has provided us with a powerful reminder that unpredictable human behavior makes it very difficult to forecast the economy. You may recall that during the economic contraction associated with the lockdown, there were a variety of forecasts as to the trajectory...