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Keywords:saving and investment OR Saving and investment 

Journal Article
Are we investing too little?

One of the most disappointing features of U.S. economic performance over the past 20 years has been the slowing of growth in productivity and, as a result, in real incomes. For many, the explanation can be found in the low U.S. saving rate. Since the mid 1980s, national saving has averaged just over 15 percent of GDP, compared to more than 20 percent during the 1970s. Thus, one plausible explanation for slow productivity growth, at least in recent years, could be that our low saving rate is constraining investment and thereby depriving the nation of both the tools and the technologies that ...
New England Economic Review , Issue Nov , Pages 29-50

Journal Article
Asset building and the wealth gap

Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the nonwhite population. As the cost of living outpaces income and wealth accumulation, a majority of U.S. households are ill-prepared for financial emergencies or retirement.
Banking and Community Perspectives , Issue 3

Working Paper
Workers' knowledge of their pension coverage: a reevaluation

Because employer-provided pensions represent an important source of income during retirement, accurate information on pension coverage would seem to be crucial for making sound decisions on retirement timing, saving, and portfolio allocation. However, previous research suggests that workers' knowledge of their pension provisions is often incomplete or incorrect. This paper reexamines workers' knowledge of their pension coverage, using matched employer-employee data from the Federal Reserve Board's Survey of Consumer Finances. We find that, while most workers in our sample accurately reported ...
Finance and Economics Discussion Series , Paper 1999-05

Journal Article
Has someone already spent the future?

A look at how four trends in the U.S. economy -- high taxes, low savings rates, an aging population, and astronomically high health care costs -- could constrain Americans' living standards over the next few decades.
Economic Commentary , Issue Jul

Journal Article
A nation of spendthrifts? An analysis of trends in personal and gross saving

The steep drop in the U.S. personal saving rate over the last decade has fueled speculation that Americans are spending recklessly. But alternative measures of personal saving show that households are actually setting aside a larger share of their resources than the official figures suggest. In addition, government saving has risen markedly, leading to an increase in overall domestic saving that has helped finance a surge in U.S. investment.
Current Issues in Economics and Finance , Volume 6 , Issue Sep

Working Paper
The annuitization of Americans' resources: a cohort analysis

An analysis of the changes since 1960 in the share of Americans' resources that are annuitized, which has declined slightly for younger Americans but has risen dramatically for the elderly, with important implications for the national saving rate and income inequality.
Working Papers (Old Series) , Paper 9413

Journal Article
Household spending and saving: measurement, trends, and analysis

Federal Reserve Bulletin , Issue Jan

Journal Article
Increasing national saving: are IRAs the answer?

An argument that curtailing deductions for personal interest expense would be a more effective strategy for increasing national saving.
Economic Commentary , Issue Sep

Speech
The recovery and monetary policy

Remarks at the National Association for Business Economics Annual Meeting, New York City.
Speech , Paper 89

Journal Article
Are we saving enough?

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.
Economic Commentary , Issue Jul

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