Whatever Happened to Thrift?
Subtitle: Why Americans Don't Save and What to Do About It
Publisher: Yale University Press
Published: June 28, 2008
Language: eng
Format: Hardcover
Number of pages: 224
ISBN-13: 9780300124514
Subjects: Personal finance; Business & Economics; Business / Economics / Finance; Business/Economics; General; Business & Economics / General
Description: "In this thoroughly researched and thought-provoking book, Ronald T. Wilcox clearly describes not only how the "savings crisis" adversely influences personal lifestyles over the long term but also how it can undermine our national wealth and standard of living. Wilcox cogently explains that savings are essential to fuel our nation's economic growth, whether it's putting money in the bank or in the form of direct loans to the government as savings bonds, for example. And, he presents unambiguous facts showing that a high proportion of current wage earners simply will not have enough money for self-support during retirement - and that the government safety nets for income and health can no longer be counted on. Most important, Wilcox examines the many rational and irrational reasons behind individuals' failures to put money away, what third parties such as corporations and government can do to help, and the steps people can take today to help themselves."--Jacket.