Source: Wall Street Journal
The saving rate has been trending down among American consumers. Households saved just 4.2 percent of the after-tax income in November. The average was close to 6 percent from 2009 until 2011. Wealth gains from existing assets, such as rising home values, may explain why households are saving less.
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http://blogs.wsj.com/economics/2013/12/23/vital-signs-saving-loses-its-allure/