[George from New England]

Article talks about increase in personal savings ...

Maybe this is a yearly event where tax refunds get electronically inserted in peoples accounts and sits there as ‘savings’ until the recipient decides how to spend it.

Maybe this is nothing but another smoke and mirrors.

[Ruy Dias de Bivar]

***where tax refunds get electronically inserted in peoples accounts***

I wish this had happened! The state, where we filed, sent us DEBIT cards as refunds!

[LS]

No, it's not. There are $12 TRILLION sitting on the sidelines because of lack of confidence in Zero and his destructive policies. This is one reason the stock market will not fall for a very, very long time. Every time there are bargains, a small portion of the $12 trillion jumps in.

The main way you can see that people are saving more or spending less is in the slow housing market, which has yet to come anywhere near where it was before the crash.

[SMARTY]

“... sits there as ‘savings’ until the recipient decides how to spend it.”

Not trying to decide on ‘HOW’ to spend it, but rather people are sitting on their dollars until they decide ‘IF’ they’ll spend it. It’s part of the collective Conservative moratorium on ALL discretionary spending.

For MYSELF (and MANY Conservative relatives/friends) I am spending on absolutely NOTHING but necessities.... No repairs, No replacements for what’s broken, No upgrading around the house, No new car , No entertainment, No travel, etc....

THAT will remain the policy at MY house until/unless a Conservative gets into the WH!