Labor & Economic News Blog
Tuesday, October 27, 2009
The Financial Crisis and Personal Saving
The Financial Crisis and Personal SavingThe current financial crisis has had a great impact on how Americans are saving. In a presentation for the “National Forum to Encourage Lower-Income Household Savings,” Karen Dynan explained that while aggregate personal saving should be markedly higher than before the crisis, it is difficult to predict the level of saving for lower-income households.
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