Savingsrate

The Dow is at 1997 levels. The savings rate is at 1993 levels. Calculated Risk provides the chart:

Although this data may be revised significantly, this does suggest households are saving substantially more than during the last few years (when they saving rate was close to zero). This is a necessary but painful step ... and a rising saving rate will repair balance sheets, but also keep downward pressure on personal consumption

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.