Does The Savings Rate Include Retirement Savings?

I’ve always been curious on what the personal savings rate actually includes.

The personal savings rate has been a newsmaker for the last couple of years.  Before the recession, we were actually saving in the negative territory, with the difference largely fueled by taking loans against (phantom) home equity.

Now, we’ve returned to a positive savings rate, which is good except for when economists complain that spending is necessary to fuel the economy (I’ll save that paradox for another day).

When I look at what our savings rate is, the short answer is:

I have no clue.

Read moreDoes The Savings Rate Include Retirement Savings?