American Savings Rate For 2005

Savings facts, figures, tips:

The American savings rate for 2005 was negative 0.5 percent, the lowest since the Great Depression. The annual savings rate has been negative only twice: in 1932 and 1933, during the Great Depression.

Tips to help consumers save more:

Pay yourself first
Re-evaluate everyday purchases
Assess how you can redirect spending to personal savings
Make your savings automatic

Wow, we as Americans need to get on the ball.