Cycloptichorn wrote: maporsche wrote: We might actually see an increase in personal savings this year. Uh, for a variety of reasons, I sure wouldn't bet on that. All these people who are losing jobs are spending their savings just to stay afloat. I just saw this article today and it reminded me of my forecast back in Feb. http://finance.yahoo.com/tech-ticker/article/265576/%22Herculean-Effort%22-by-U.S.-Consumers-Only-Making-Small-Dent-in-Debt-Mountain?tickers=XLY,%5EGSPC,%5Edji,SPY,DIA,EEM,FXI?sec=topStories&pos=9&asset=&ccode=
maporsche wrote: We might actually see an increase in personal savings this year. Uh, for a variety of reasons, I sure wouldn't bet on that. All these people who are losing jobs are spending their savings just to stay afloat.
We might actually see an increase in personal savings this year.
