US Savings Rate Plummets to Lowest Level in Decade

The US Personal savings rate has drastically declined in the last few months, bringing the level down to what was last seen in 2013. When the amount of money in the system is increased, it sends out a false signal that the savings pool is large and that it is safe to spend, invest, take out debt, and take risks. However, this signal is false and leads to overconsumption and wealth destruction.   Sign Up for Swan Today (get $10 sign up bonus) https://www.swanbitcoin.com/heresyfinancial