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, it was 9.1% in 2000. Today [savings rate is] 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. (03:15–04:50)
CLAIM
Asserts that the current U.S. savings rate is 5.2%.
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