Also being reported this last week is that personal savings is the lowest since the depression.
That's only a valid statistic if you believe that everyone investing in bonds, the stock market and precious metals are not "saving". It doesn't count anything put into a 401K or an IRA. So how good can this statistic be ? Garbage.
Personal savings to me, means clipping coupons : (
How in the hell can normal people save extra money, when the cost of living is going up faster than wages, I have no idea.