Personal Savings at a 74-year low.

This is more of the same economic news. Americans are in debt, overlevered on their mortgages, getting paid less, and still spending like drunken sailors....The Personal Savings of Americans has dropped to a negative 1%. For more click here...

The good news is jobless claims went down and we added more jobs to the economy. But those jobs are not paying the same and we need to be wary of this disturbing downward trend in personal savings. Here is the link again:

http://biz.yahoo.com/ap/070201/economy.html?.v=8