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There currently is not, nor has there been for many years, any incentive to save. People will not put off the pleasures of today, if there is no reward for doing so. When you throw in the rise in 401k's and other retirement accounts, most people view that in the same way savings accounts used to be.
When you add that in, with the level of personal debt, there is really no reason to have any expectation that savings rates will rise. For better or for worse, Americans, by and large, have become investors, rather than savers. The question now, is what effect the Dem Congress will have on that dynamic.
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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