Roger W Ferguson, Jr: Questions and reflections on the personal saving rate (Central Bank Articles and Speeches)
نویسنده
چکیده
I am delighted to be here today to offer my thoughts on an issue that I believe is important to all of us: the long-standing decline in household saving. Since the early 1980s, the personal saving rate has fallen steadily; on average, a household today saves only about 1-1/2 percent of its disposable income, compared with about 11 percent in 1984. The fall in the personal saving rate could have important implications for the ability of the country to finance investment in plant and equipment, for future growth in productivity and real incomes, and for our growing economic dependence on other countries to finance our spending patterns.
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