The angry bear blog points out that it will be unsustainable for Americans eventually as they continue spending more than saving. Gleaning data from a recent Commerce Department report, it points out that for only the second time in the past several decades (the first was in October 2001), households as a group were reducing their net savings position (abstracting from capital gains and losses).
Image via Angrybear
15 years of spending more and saving less
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