Users: MahnaMahna: Savings Rate Plunges To Lowest In One Year As US Consumer Once Again Tapped Out | ZeroHedge

Savings Rate Plunges To Lowest In One Year As US Consumer Once Aga...

Based on this data, the US consumer is tapped out, has hit peak earnings power, and is looking at a holiday season where spending is expected to ramp up drastically with empty bank accounts and maxed out credit cards. But at least "housing has bottomed."

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