Journal Article

Are we saving enough?


Abstract: Americans are saving less than they used to. At the same time, they are spending more years in retirement, and Social Security still has long-term financial shortfalls. The author finds that most American households must raise their saving rates considerably if they are to maintain their current living standards through retirement.

Keywords: Saving and investment; Retirement;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2000

Issue: Jul

Order Number: 1