Archive: Steven Venti
![Senior woman doing finances at home](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_6-1536x1024.jpg.webp)
Introduction In the past two decades, the personal saving rate in the United States has declined dramatically, from 10.6 percent of disposable personal income in 1984 to a low of 2.3 percent in 2001, before bouncing back to 3.9 percent in 2002 (U.S. Department of Commerce, 2003). There is considerable debate over the reasons for…