The good news — Americans are collectively saving more than we did before. The bad news — we made the shift all at once, and it's not helping our struggling economy. Saving has been more widely embraced not just because people have begun to learn the importance of the habit, but because there's less access to credit and falling home prices have made it difficult to access home equity lines of credit.
How much do you know about America's savings habits? Take the quiz!
How Money Are You: America's Savings Habits
In December 2008, how much did Americans save for every $1,000 of after-tax income?