The Undollar Digest

Beyond Our Means: Why America Spends While the World Saves

Sheldon Garon Summer 2012 www.stlouisfed.org

If the recent financial crisis has taught us anything, it is that Americans save too little, spend too much and borrow excessively. Millions of people today lack the savings to protect themselves against foreclosures, unemployment, medical emergencies and uncomfortable retirements. How did Americans come to be such miserable savers? What might they learn from European [...]


You must be logged in to view the rest of this article

Users are required to register with our site before viewing this article. Registration is FREE! If you are already registered you may sign in below.

If you are not signed up you may do so in the form on the left. A username and password will be emailed to you.