The U.S. savings rate hovers just about 5%. This statistic reflects the ratio of personal income saved to personal disposable income during a certain period of time. I guess the good news is that it’s a positive number and it’s double of the rate reported back in 2008, the deepest part of The Great Recession. If you look at the savings rate over the last six decades, you’ll see a shocking downward trend. Back in the 60’s and 70’s Americans were saving nearly 10% of their disposable income. Now 62% of Americans have less than $1,000 in their savings account. So what gives?