Archive: Steven Venti

Senior woman doing finances at home

Pension Accounting & Personal Saving

Issue Brief by , , and

April 1, 2003

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…