A Savings Crisis
Some alarming facts:
Americans had stopped saving
in early 2008 our personal savingsrate fell to just 0.1%.
Debt has grown
from 1994 to2008, average family credit carddebt doubled from
nequality is high
the bottom 40% of Americans own
of the nation¶s wealth.
ulnerable are hardest hit
poorest 25% of families have
Finally, a window of opportunity to help people save again -
the savings rate iscreeping upward as a result of the recession