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2006 personal savings fall to 74-yr. low - People once again spent everything they made and then some last year, pushing the personal savings rate to the lowest level since the Great Depression more than seven decades ago.

Doing really great aren't we NeoCon! Not a dime left for savings! This year everybody in the red (exept that elusive 1% of the very rich who don't have to pay taxes anymore)
From SDFLKJ

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Roddy Wrote the following on 02/01/2007 11:55 PM :
Americans have a negative savings because they cannot defer gratification. In 50 years the house has doubled and the family size has shrunk. The Chinese save 1/3 of their meager income.


NOT_Roddy Wrote the following on 02/02/2007 10:32 AM :
I have been doing well saving in the past two years. My wife and I live frugally and save money. I don't see a lot of that going around lately.


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