Here's another look at America and why half of America is broke. This is the savings rates. From 1950 to 1974, it was 11.4%. From 75 to 99, [savings rate] was 9.1%. in 2000. Today it's only 5.2%. But that's all mass because that's largely driven by the top 10%. You look at the bottom 50%, zero savings. (04:43–04:47)
CLAIM
Asserts that the U.S. savings rate was 9.1% from 1975 to 1999.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
