Many Fear Job Loss but have No Savings for it …

I was not surprise (but unfortunately disheartened) to read the this story on msnbc.com by staff writer Allison Lynn.  We have been monitoring the anemic personal savings rate well below 10% which we feel is required for a long-term, robust, sustainable recovery based on the Bureau of Economic Activity (BEA) reports issued monthly.  For all of the reassurances that Mssrs. Geitner and Bernanke offer, the numbers don’t lie.  Personal savings must increase as a share of greater disposable income for a truly sustainable US recovery.

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