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Americans' savings rate hits lowest level since the Great Depression

World

Americans are spending everything they're making and more, pushing the national savings rate to the lowest point since the &to=http://english.pravda.ru/world/20/91/368/15972_economy.html' target=_blank>Great Depression.

Soaring home prices apparently have convinced people they don't have to worry about saving, a belief that could be seriously tested as 78 million baby boomers begin to retire.

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