The US savings rate touched 5% in the 2nd quarter of 2009 and has been hovering steadily over 3% since then. While that’s still a far cry from the double-digit savings rates we saw in decades past, it is a big improvement from the negative rates of personal savings we had at the start of this millennium. However, there are many savings myths still floating around out there. Here are 7 Savings Myths – Busted!
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