Angry Bear has an interesting post on the further decline in the US savings rate (go read it) which contains this arresting statistic:
The personal saving rate fell to just 0.2% of after-tax income in October. That means that an average family that earns $75,000 per year, with take-home pay of about $5,000 per month, is saving about $10 per month. That’s it.
hmm, i can’t, but then again i doubt the u.s. can either….