Private Sector Savings Rising
The February savings rate was quite encouraging again. If it stays in the 2-4% range, it would appear to be a silver lining to the current recession.
The above plot is for monthly personal savings relative to disposable income (seasonally adjusted) since 1990. I would expect some additional trends to set in after the baby boomers start to retire, but in the short term the bounce back from 2006-2008 is a pleasant surprise.
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