00Elf
10-01-2005, 08:40 PM
http://www.bea.gov/bea/newsrel/pinewsrelease.htm
Go to Table 1, and scroll down to "personal savings as a percentage of disposable income" (it's near the bottom of the table). The figure is -0.6. The average American has no cash reserves, is going into debt to pay off debts.
Do they listen to me? No. "We're fine, the Welfare State is working, Johnson and Roosevelt were right!" I tell them over, and over, and over, I say, let it crash. Some people need a good jolt.
Go to Table 1, and scroll down to "personal savings as a percentage of disposable income" (it's near the bottom of the table). The figure is -0.6. The average American has no cash reserves, is going into debt to pay off debts.
Do they listen to me? No. "We're fine, the Welfare State is working, Johnson and Roosevelt were right!" I tell them over, and over, and over, I say, let it crash. Some people need a good jolt.