Nice to see some savings

I’m pretty skeptical that we’re seeing any sort of sustained recovery in the economy. I keep feeling there is a second shoe somewhere waiting to be dropped.

However, I came across the first little bit of what I consider to be sustainable good news, it is 1.7%

That is the amount of decline in household since 2009.

Its a small number, hopefully it is a trend and yes, increased savings may stall an immediate recovery. But the word I’m fixating on is sustainable and a reduction in household debt is a small step in that direction.

The Big Picture » Blog Archive » Consumers Modestly Improving Balance Sheets.