Spending is Up, Savings are Down, and Salaries are Flat

by FormerBigSpender on March 10, 2010

The Great Recession – it began in December 2007 and we may be officially climbing out of it now. Unfortunately it appears as though our nation is dealing with a jobless recovery. Yesterday, I discussed that fewer Americans are saving for retirement than just a year ago. Today I’m building on that – not only are savings down but spending is up despite the fact that salaries remain relatively flat.

This video from CNN explains it a bit more.

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