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Friday, August 4, 2023

US Personal Savings Rate -- August 4, 2023

Locator: 45330ECON.

Link here.

At one time, I said I have never seen a definition of "savings" that "satisfied" me. Maybe I wasn't looking hard enough. LOL. Here we go.

Savings = income - spending.

Of course, that begs the question: is buying a house a type of forced savings? Other examples, investments or forced savings?
  • whole life insurance;
  • annuities;
  • a second home;
  • a small hobby farm / hobby ranch;
  • other real property like art;
  • paying for education.

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