[meaghanchan]

I think I remember reading an article (sorry I can't find it) saying that this savings rate doesn't include plans like 401(k)s. I mean, if that's true, a person who's saving 20% into their 401(k) but who is spending slightly more than the leftover 80% could be counted as having a negative savings rate, when they're really saving nearly 20% of their income.

I mean, overall... yes, our country loves to spend money. But it's important to have accurate figures, and these, I think, don't really reflect the reality.