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.