Historically Americans were NOT a good savers.
One of the reasons - money is cheep in America and people are encouraged to borrow, simple as that.
November 14, 2009 - Ron Wilcox, a professor at U.Va.'s Darden School of Business, describes how the "savings crisis" adversely influences personal lifestyles over the long term, and how it can undermine our national wealth and standard of living.
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