Booming home prices gave Americans the confidence, and the financial wherewithal, to spend more than their income. America’s household savings rate was at levels not seen since the Great Depression, either negative or zero.
房产价格的一路飙升给了美国人信心和资金让他们可以超前消费。美国的家庭储蓄率降到大萧条以来的最低点，不是为负就是为零。