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Household expenditures have always occupied the majority of dollars spent when GDP is calculated. Roughly 70% of the United States GDP's composition is the result of end consumption. The Remaining 30% is divided up with approximately 20% to government expenditure and 10% to business investment.

While it is true that the calculated personal savings rate (PSR) has, in general, fallen noticably between the 1960s and the early 2000s (1960s PSR were roughly 7-8%; year 2000 PSR were generally 2-3%). During the recssion that began in December, 2007 the savings mentality was sparked as evidenced by a PSR of 4.9% after 20 months into that recession.

The stock crash of 1929, usually cited as the beginning of the Great Depression, was preceded by the Roaring '20s, a period when the American public discovered the stock market and dove in head first. The crash wiped out many people's investments and the public was understandably shaken. when bank failures erased the savings of those who weren't even invested in the stock market, people were shattered. Although the market cras was unavoidable, the bank failures could have been prevented with better regulation.

Lets start saving again America...