1. Savings in America: Building Opportunities for All
- Author:
- Suzanne Nora Johnson, Lisa Mensah, and C. Eugene Steuerle
- Publication Date:
- 05-2006
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- Savings policy in the United States is at a critical juncture. The U.S. personal saving rate has declined from 10.8 percent in 1984 to zero in 2005.The national saving rate, which includes government and business savings, is the lowest among the G-20 countries and has decreased significantly in recent decades. These low levels of saving generally suggest lower growth rates of income and standards of living in the future.
- Topic:
- Civil Society, Economics, and Government
- Political Geography:
- United States and America