The U.S. personal savings rate has seen negative numbers only four times in recent history:
1932 and 1933
- struggling to cope with the Great Depression
2005
- consumers wiped out savings to buy cars and other big ticket items
2008 and 2009
- when the construction industry and everything else went south
U.S. Department of Commerce
1932 and 1933
- struggling to cope with the Great Depression
2005
- consumers wiped out savings to buy cars and other big ticket items
2008 and 2009
- when the construction industry and everything else went south
U.S. Department of Commerce