Now, the punchline:

Personal saving -- DPI less personal outlays -- was $582.8 billion in July, compared with $638.6 billion in June. Personal saving as a percentage of disposable personal income was 5.0 percent in July, compared with 5.5 percent in June.

I don't know if you have ever put a pencil to this number, but here's how I figure it's a figment of "crack-o-nomics": America has 311 million people, roughly. Personal savings for the month was $582.8 billion says right there in the news release, eh?

So let me see, doesn't that work out to monthly savings for everyone in the whole freaking country(!!!) of $1,873 in a single month EACH OF US - WTF??? Ain't passing the 'sniff test' with me.

But wait: If we limit the Personal Savings claimed to just people with jobs who show up as employed which Table A of the latest Labor Department Report on employment (it will be updated Friday of this week) says the number of working people in the USA is 139.296 million.

Which means (crack pipe and calculator ready?) that by using government figures on "Savings" the average worker last month saved $4,183.89.

Which we assume is "savings" of the real kind... after kids, mortgage, healthcare, food costs, and so forth.

Don't know about you, but how frigging stoopid do they take us for? I'll ask my PhD forensic economics consultant to double-check me on this because this is so "in your face" unreal I must be doing something wrong.