Total U.S. Savings

This chart is scary.  I pulled this data directly from the Bureau of Economic Analysis at http://www.bea.gov/and is current as of the first quarter, 2009.  The increase in government deficit (negative savings) has more than offset the increase in net private savings, leading to the Total Saving Level (in blue) reaching all-time low considering data back to 1929.  In the past, government savings level has dipped into negative territory, but net private savings was large enough to offset this, and total net savings remained positive.  This time is different.  Just a thought: this level of debt may have implications which might not be the best for the US economy going forward.

-Billy Ray

Macro Economic Data_7006_image001

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