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US Savings Rate is Awful...But So is Everyone Else's

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Yes, Americans are in horrific debt. No news there. However, we're not alone.

In fact, all developed countries over the past 30 years have seen their household savings rates drop like stones.

Here's a look, from McKinsey (via The Atlantic):



The best of the worst?

France.

Too bad--it's always nice to take a cheap, nasty shot at the cheese-eating surrender monkeys.

Oh well, I guess we'll have to settle for a photo of Nicolas Sarkozy's wife with another man.



There. That's better.
POSITION:  No positions in stocks mentioned.
TAGS:  SAVINGS, RECESSION, FRANCE    SOURCE:   The Atlantic

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