For decades Americans have been spenders rather than savers. The failure to save has underfunded many Americans' retirement accounts and created doubts about Americans' long-term personal financial stability.
The recent economic downturn, and its severity, have impacted Americans' saving habits in a big way, however. Americans are now saving more than ever, and there is even concern in some quarters that Americans are saving too much.
When Americans save, they aren't spending. And when they aren't spending, economies that depend on exports feel the pinch. Click here for the story.
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