Brief Personal savings need a boost
Leonard E. Burman
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The Washington Times. America's days of economic dominance are numbered because we don't save. The government is borrowing like crazy, and households aren't doing much better. The personal savings rate -- the share of after-tax income that people set aside for a rainy day -- has been falling like a stone since the early 1980s.
Research Areas Economic mobility and inequality Aging and retirement Taxes and budgets
Tags Fiscal policy Pensions Federal budget and economy Income and wealth distribution Financial stability
Policy Centers Urban-Brookings Tax Policy Center