Personal savings rate evaporated
US citizens gradually swtiched over the last twenty years from saving regularly to hardly saving at all.

 
US Personal Savings Rate (%) 1985 to 2007

Source: Bureau of Economic Analysis (via Sequoia Capital)
Immediately related elementsHow this works
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The Global Financial Crisis Â»The Global Financial Crisis
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Immediate triggers of the financial crisis? Â»Immediate triggers of the financial crisis?
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Bubble in US house prices collapsed Â»Bubble in US house prices collapsed
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Personal savings rate evaporated
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