QQQM - The Illusion Of Soaring Savings Amid Rising Economic Uncertainty

• To understand why the "savings rate" is not what it appears to be, you must understand its underlying construction.
• Since the top income earners have more than enough income to maintain their living standards, the balance falls into savings. This disparity in incomes also generates a "skew" to the savings rate.
• The lack of financial security, and concerns over the solvency and stability of social welfare, has led to an increasing number of Americans adopting the D.A.D. retirement plan.
• The illusion of surging savings rates or the decline in the debt-to-income ratios obfuscates the real economic problems and fosters the belief that monetary policies are working. They aren't.

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