The Negative Saving Rate and the Age of Easy Credit

The Negative Saving Rate and the Age of Easy Credit | Get Rich Slowly

"The personal saving rate in the United States has been declining for years. In the 1970s and early 1980s, it frequently climbed above ten percent. More recently, it has hovered around zero. But the general trend is downward. Americans are not saving."

I.O.U.S.A.

At the bottom of my blog, I have the National Debt. It is updated at a fast and furious pace. That number represents our liabilities. But what if I told you that that number is only a fraction of the overall debt? What about everything else (medicare, medicaid, etc, etc)?

Let's break down the numbers:
11,000,000,000,000 (Total Liabilities)
7,000,000,000,000 (unfunded promise of Social Security)
26,000,000,000,000 (unfunded promise of Medicare A,B)
8,000,000,000,000 (unfunded promise of Medicare D)
+ 1,000,000,000,000 (unfunded Misc Items)
__________________

53,000,000,000,000 Total

I just recently watched I.O.U.S.A. and have included the cliff notes (30 minute) version. If you watch one video from my blog, make it this one. This film boldly examines the rapidly growing national debt and its consequences for the United States and its citizens.




For more information on the organizations mentioned in the video, please visit the following:
-The Concord Coalition
-The Peter G. Peterson Foundation

10 Places NOT to Use Your Debit Card

10 Places NOT to Use Your Debit Card | Yahoo

Debit cards have different protections and uses. Sometimes they're not the best choice.