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Americans Aren’t Saving Enough, Is Government Policy to Blame?

Mar. 20, 2013 7:17pm Christopher Santarelli

A survey from the Employee Benefit Research Institute (EBRI) released this week reveals that the personal spending habits of the American people are starting to reflect the policies of their government. CNBC reports that more than half surveyed say they have less than $25,000 in household savings and investments (excluding their home and pension benefits), and could not come up with $2,000 in cash if an unexpected need arose in the next month.

On ‘Real News’ Wednesday the panel discussed America’s savings problem, the policy that could be encouraging it, and the possible consequences.

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Comments (6)

takearight
Posted on March 21, 2013 at 7:19am
Sure. I’m going to save my hard earned money so that the government can label me an evil rich hoarder who doesn’t need his savings and then tax (in other words confiscate) it for their own use.

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MiCurmudgeon
Posted on March 21, 2013 at 7:05am
Inflation eats up your savings faster than you can save. I set up education funds for my Grandkids and what once covered a year of college barely covers a semester. We must stop spending our future
generation’s chance to live at least as well as we have.

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GilbertAcct
Posted on March 21, 2013 at 6:50am
Yes. Bush and Greenspan made the major policy shift… it has been continued by Barack and Bernanke. Republicans and Democrats both hold Keynesian economic philosophies, and are both to blame.

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media-bias-steals-elections
Posted on March 21, 2013 at 6:24am
You are only as strong as your weakest link? How come those Alaskans can get royalty checks, and the rest of America gets the finger – a thumb’s up from Congress?

They want to put your 401K plans in a lock box, where it learn interest? Yes, that is grammatically correct?

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Female
Posted on March 21, 2013 at 12:32am
Why would we want to save?

Can you spell C Y P R U S?

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13th Imam
Posted on March 20, 2013 at 10:41pm
Americano’s
Save More

The DEMOCRATS want to easily steal your savings, checking, 401K’s

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