America's incredible shrinking savings rate (infographic)
February 20, 2013
The U.S. personal savings rate has declined steadily over the last four decades. It hit historic lows in the years before the Great Recession -- an unfortunate trend to proceed the worst economic crisis in nearly 80 years.
After a period of improvement in the years following the recession, rates have steadily slipped to approach those depths once again. What will it take for U.S savers to reverse course? The answer is unclear, but this MoneyRates.com infographic details the severity of the decline in America's savings rate -- as well as some ways that individual savers can fight this trend by building their own savings accounts.
