Document Detail


Savings and wealth in the United States: trends and implications.
MedLine Citation:
PMID:  10071844     Owner:  NLM     Status:  MEDLINE    
Abstract/OtherAbstract:
As the debate over the future of Social Security in the United States begins to gather momentum, data suggest that many individuals are not heeding advice to increase personal savings. By its traditional measure, personal saving virtually disappeared in 1998. While there is some controversy over the measure, the dramatic decline points to changes in spending habits in recent years. There is little doubt that the robust economy and sharp rise in equity prices have played a major role in boosting consumption and the willingness of consumers to take on more debt. However, with individuals living longer, the data point to difficulties for many households in sustaining long retirements. This has implications for public policy, and the concept of forced saving should be part of any debate.
Authors:
J V Vincenzino
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  Statistical bulletin (Metropolitan Life Insurance Company : 1984)     Volume:  80     ISSN:  0741-9767     ISO Abbreviation:  Stat Bull Metrop Insur Co     Publication Date:    1999 Jan-Mar
Date Detail:
Created Date:  1999-05-17     Completed Date:  1999-05-17     Revised Date:  2000-12-18    
Medline Journal Info:
Nlm Unique ID:  8410965     Medline TA:  Stat Bull Metrop Insur Co     Country:  UNITED STATES    
Other Details:
Languages:  eng     Pagination:  32-9     Citation Subset:  IM    
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MeSH Terms
Descriptor/Qualifier:
Financial Management / trends*
Income / trends
United States

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine


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