Al Caicedo: U.S. savings rate has plunged as consumer spending soars

0
786

Al Caicedo, President, and Owner of, “CKS Summit Group, discusses with Kurt Schemers and Don McKelvey on Traders Nation® how the U.S. savings rate has plunged as consumer spending soars. As we take all this into focus, it seems as if Americans are “balance sheet rich”, the static of prosperity is in the air, and on the surface, good times are back. And with that, many people refuse to believe that it can come to an end.

Caicedo warns: Really strong winds are ahead of us, and that we all need to be careful and better prepared for any down-turn the economy may have. To make matters worse, data suggests Americans aren’t even spending money they have, the population is taking on more debt.