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Why is the Household Saving Rate So Low? (CRS Report for Congress)

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Release Date Revised Jan. 9, 2008
Report Number RL33168
Report Type Report
Authors Brian W. Cashell, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   Nov. 18, 2005 (14 pages, $24.95) add
Summary:

This report begins by showing how much the household saving rate has declined in recent years. Next, it explains how household saving is measured, and provides some detail on how saving varies across the income distribution. Finally, it discusses factors that may account for the decline in household saving, as well as how much of a policy concern the decline in household saving may be.