U.S. households are still scarred by the financial crisis, new report suggests

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U.S. households are still scarred by the financial crisis, new report suggests

U.S. households are still scarred by the financial crisis, new report suggests

MarketWatch-

Even a decade removed from the housing bubble, with the unemployment rate at 20-year lows, the U.S. household is still scarred by the financial crisis.

That’s the contention of a new report from Deutsche Bank economists Matthew Luzzetti, Brett Ryan and Justin Weidner, who talk of a household “savings glut.”

The economists say there’s a large disconnect between household savings and wealth.

Given the typical wealth-to-income ratio, the household savings rate should be closer to 1%. It’s remained about 6%, the economists point out.

[MARKETWATCH]

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