For years, we heard what a low savings rate America has and how we should have X months savings in reserve. So now this is a problem?
It’s great for individuals but horrible for companies and overall economy. I have huge expenses coming up in the next 5 years. House is being painted on the 16th of September for 3600.00. AC/Heater combo needs repacked in less then 2 years at 7 grand and the biggest expense of them all. A new roof in 5 years for 17 grand! So this has been a great time for me financially but it has been rather boring. lol.
The article didn't say it was a problem.