So, let me get this straight. People are making less and saving less, yet spending more. This is part of the reason we got into the mess we did back in 2008. Manufacturing and high-tech jobs aren't coming back. The majority of the jobs being created now are low-wage part-time jobs. Which leads to more and more people on government assistance. If we continue on this track, the whole system will collapse. Biggest Drop In Personal Income Since Feb 2010 Can't Stop Borrowers Spending, While Savings Rate Plunges