Frank Rong1

U.S. Savings Rate To Increase, Finally

0% saving rate is false. The way to calculate the saving rates in this nation is flawed. Amercian consumers pay 15.65% social security Tax to uncle sam, that should be accounted as saving. And also, the saving rate does not adjust for principles and interests. eg. If you pay a monthly mortgage payment of 1500, that 500 is principle, and 1000 is interests. 500 should be called savings.

In fact, American consumers are the biggest savers in the world.

News media is the most stupid segment of our economy, many reporters are retarded socialists.