According to the Commerce Department, Americans’ personal savings rates are minus 1%, the worst savings rate since the Great Depression. Read the Associated Press story here:
http://news.lycos.com/dynamic/stories/L/LOW_SAVINGS?SITE=LYCOS&SECTION=HOME&TEMPLATE=DEFAULT
If you’re one of the many Americans with a shrinking (or non-existent) savings account, MSNBC offers some simple savings tips:
http://www.msnbc.msn.com/id/7711260/
And here’s five tips from Yahoo Finance for getting out of debt and saving at the same time:
http://finance.yahoo.com/how-to-guide/banking-budgeting/12830