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Middle-Class Folk Need to Stop Spending Like They Are Rich -- and Start Saving Instead
Quartz Link to more items from this source
[Opinion]
Mar. 28, 2013

"With the notable exceptions of core European countries: France, Germany, Sweden, Denmark and Norway, nearly every country's saving rates have been falling [including the United States]. The saving rate went up a bit during the 2008 financial crisis, but it's been falling back to trend since then. Despite the economic uncertainty and retirement need, the average household, in more than half of the 24 largest OECD countries, is saving less than 5% of its income."

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