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Are we saving enough?

Author

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  • Jagadeesh Gokhale

Abstract

Americans are saving less than they used to. At the same time, they are spending more years in retirement, and Social Security still has long-term financial shortfalls. The author finds that most American households must raise their saving rates considerably if they are to maintain their current living standards through retirement.

Suggested Citation

  • Jagadeesh Gokhale, 2000. "Are we saving enough?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jul.
    • Handle: RePEc:fip:fedcec:y:2000:i:jul
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    Cited by:

    1. Barbara Wieliczko & Agnieszka Kurdyś-Kujawska & Agnieszka Sompolska-Rzechuła, 2020. "Savings of Small Farms: Their Magnitude, Determinants and Role in Sustainable Development. Example of Poland," Agriculture, MDPI, vol. 10(11), pages 1-18, November.
    2. Margaret Clancy & Michal Grinstein-Weiss & Mark Schreiner, 2001. "Financial Education and Savings Outcomes in Individual Development Accounts," HEW 0108001, University Library of Munich, Germany, revised 27 Dec 2001.

    More about this item

    Keywords

    Saving and investment; Retirement;

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