From the NY Times:
"But the portion of income that Americans save each month, on average, has now fallen to zero, according to the government. That leaves families with scant cushion; if the savings rate were higher, people could cover rising energy costs by cutting back on the amount of money they set aside."
http://nytimes.com/2005/08/17/business/17oil.html?pagewanted=2&ei=5094&en=d219a7957b93da59&a
mp;hp&ex=1124251200&adxnnl=1&partner=homepage&adxnnlx=1124251301-r6h6nHjinnaBWJbll9N
KSw
seriousy. 0% savings rate. Savings has to equal investment. If domestic savings = 0%, then that means that 100% of investment comes from abroad. Why has this not gotten more play on the air? How on earth can anyone in their right mind think that such a lack of savings is sustainable??!! And, most importantly, how can consumption/savings patterns be altered?