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The U.S. Piggy Bank Going Hungry: a Low Savings Rate Threatens Boomers' Retirement
James C. Cooper and Kathleen Madigan in BusinessWeekLink to more items from this source
Sept. 14, 2004
Excerpt: Americans don't save enough. You hear this warning all the time. In July, the savings rate of households fell to 0.6% of aftertax income, very close to an all-time low. But while most of the concern tends to focus on the short-term problem that skimpy savings could create for the sustainability of economic growth, it's the long-term problem that's potentially the most alarming.

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