No matter how you look at it, the economic picture for most of America is not good.
Saddled with growing amounts of mortgage, consumer credit and student debt, the 90% has had little in the way of extra money to put into savings, says a new study. In fact, the savings rate by those in the lower 90% is about zero. By comparison, the top 1% of families put aside about 35% of their income. The authors say that income inequality will increase as long as the middle-class savings rate remains low. read more