I have made mention of the manic spending habits of consumers. The Baby Boomers do not have the same views about money as their parents. Many parents of "Boomers" remember the dark days of the depression. Unfortunately, their kids do not.

Parents who were born in the 1920's, and grew up in the 30's and 40's know the value of a dollar. Their kids who were born in the 50's and 60's, only know the good times.

Here are the results;

Personal Savings Rate

I have often said that most people only learn when pain is the consequence. Sometimes, even pain is not enough.