Tag: saving rate
COVID has worn Americans down emotionally. But it might be eating away at their financial reserves too – at least for some people. As the pandemic has dragged on, many people said in newly released surveys that they are more anxious about their finances and feel that their savings are wearing thin. We won’t get…
Abstract As their populations grow older, the industrial countries face steep increases in public pension costs. If countries change their pension systems in advance of sharply higher pension costs, it is possible to prepare for the added retirement costs by funding a portion of the future liabilities through increased saving. By boosting capital formation and…
