[lbo-talk] PDF of Fed Reserve economists' paper saying Americans save TOO MUCH for retirement

Doug Henwood dhenwood at panix.com
Mon Feb 19 19:26:32 PST 2007


On Feb 19, 2007, at 10:05 PM, B. wrote:


> Apparently the PDF file of the "recent study conducted
> by Paul Smith and Lucy McNair of the Federal Reserve
> Board, and David Love, an economist at Williams
> College, whofound that 88 percent of all households
> with breadwinners over age 51 had accumulated
> sufficient resources to finance adequate consumption
> in retirement"

Must read this stuff, but it's interesting the Fed didn't publish this as a FEDS paper <http://www.federalreserve.gov/pubs/feds/>.

Doug



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