Americans rebuilding wealth, slowly and unevenly

[JohnWxy]

http://www.google.com/hostednews/ap/article/ALeqM5j7pKMyS43i0iLdJEwuDTC5ZGe2IQD9G8LEQ00

[JDPriestly]

1. People are paying off debt. They are reducing the amount of red on their

balance sheets, but they aren't really working more, consuming more, making more money. That's my take. They are just applying their meager wages.

Besides, which Americans are rebuilding wealth. As a retiree, I can tell you that savings rates do not permit retirees to increase their wealth. Interest rates are high for you if you are a borrower, but next to nothing if you are a saver.

[PassingFair]

2. Bullshit article.

But thanks for posting it.

As an "american" trying to pay down debt,
the stock market has near zero effect on
my finances.

Americans I know are shopping at Aldi's and
BigLots instead of Kroger's and Macy's.

Garage sales have overtaken the furniture
stores for volume of buyers.