The Coming Perfect Economic Storm, Part 5 - More on the Decline in Personal Savings, Increase in Personal Debt

Spurred by things he observed in his role as a forensic economist in the courtroom, Dr. Kent Gilbreath, professor of Economics at Baylor University's Hankamer School of Business, recently wrote the "The Coming Perfect Economic Storm." In the paper, Dr. Gilbreath identifies major trends in the U.S. economy that are converging on our economic horizon. We'll explore those trends in a series of segments over the coming weeks. This week, he discusses the decline in personal savings and increase in personal debt.