Nearly Half of Americans Have Zero Savings

According to a new chart from Deutsche Bank’s Torsten Sløk, 47% of Americans save absolutely none of their income. This statistic has not changed much actually in the past few years. And the average saving rate in the United States, which began a precipitous decline in the 1980s, has started declining again after a short […]

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Federal Reserve Blames Stagnant Economy on Money “Hoarding”

Inflation is not as high as it “should” be. In spite of the fact that the Federal Reserve has pumped $4.5 trillion dollars of non-existent money into the economy and has held its interest rates at zero percent for six years, money just isn’t moving around much. And the Federal Reserve thinks it knows why: […]

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