America's low savings rate

Doug Henwood dhenwood at panix.com
Mon Aug 20 09:16:05 PDT 2001


Lawrence wrote:


>But isn't it important to get as many people as possible saving what they
>can? Don't you want people to have the relative safety of a few months
>income stored up somewhere? Or do you want to live in a country where
>everyone is just one step away from the brink of disaster?

Much better to have a civilized welfare state, with universal health insurance and comfortable income supports.

Doug



More information about the lbo-talk mailing list