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American saving habits compared to the French

French Women Don't Get Broke


It seems that we can learn more than diet tips and food moderation from French women. They could teach us a thing or two about managing our money as well. It's no secret that Americans are the best consumers in the world and we've racked up massive credit card debt to prove it.

A few years ago, our personal savings rate was actually negative, while the French savings rate was almost 12 percent. Maybe they'll write a book with a recipe for boosting our own savings? I have a pretty strong feeling it would highlight saving in moderation. And here's a related money tidbit for you: The word budget comes from the French word bougette.

How are you doing in building up your own savings?

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