By Maria Bartiromo, CNBC Anchor
One of the positives to emerge from the financial crisis is that Americans have become more conservative in the way they manage their money. Individuals are saving more -- just look at today's savings rate, which stands at over 5 percent. This is an astounding shift from five years ago.In 2005, Americans were enamored with what many coined the "wealth effect." Employment rates were strong and home values had risen in value, leaving consumers feeling extremely confident about their financial health. That confidence led consumers to spend their income at such a rapid pace that some went so far as to dip into their savings.
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