America's low savings rate

Doug Henwood dhenwood at panix.com
Mon Aug 20 08:41:27 PDT 2001


Jordan Hayes wrote:


> > it means that many
>> individuals have little or no savings, leaving them extremely
>> vulnerable to unemployment and social security privatization
>
>But wasn't this always the case? Or is it now only a big deal
>because the middle quintile is doing it too?

It's always been the case - it's just worse now than before.

Doug



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