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Why Aren't People Saving Money?

All we've been hearing is how wonderful the economy is. Then riddle me this. If our economy is percolating along---why is: ...the savings rate fo

All we've been hearing is how wonderful the economy is. Then riddle me this. If our economy is percolating along---why is:

...the savings rate for all of 2006 was a negative 1 percent, meaning that not only did people spend all the money they earned but they also dipped into savings or increased borrowing to finance purchases. The 2006 figure was lower than a negative 0.4 percent in 2005 and was the poorest showing since a negative 1.5 percent savings rate in 1933 during the Great Depression.

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