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Whatever happened to thrift? : why Americans don't save and what to do about it by Wilcox, Ronald T. is a nonfiction available to read on EtoBox.

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It is no secret that Americans save very little: every economic index confirms as much. But to solve the real mystery, we must ask the questions, “Why?” “What are the effects on our economy?” and “What can be done about it?” In this thoroughly researched and thought-provoking book, Ronald T. Wilcox clearly describes not only how the “savings crisis” adversely influences personal lifestyles over the long term but also how it can undermine our national wealth and standard of living. Wilcox cogently explains that savings are essential to fuel our nation's economic growth, whether it's putting money in the bank or in the form of direct loans to the government as savings bonds, for example. And, he presents unambiguous facts showing that a high proportion of current wage earners simply will not have enough money for self-support during retirement—and that the government safety nets for income and health can no longer be counted on. Most important, Wilcox examines the many rational and irrational reasons behind individuals'failures to put money away, what third parties such as corporations and government can do to help, and the steps people can take today to help themselves. The book is

Who reads Whatever happened to thrift? : why Americans don't save and what to do about it?

Author

Wilcox, Ronald T.

Publisher

New Haven: Yale University Press

Published

2008

Language

EN

ISBN

9780300124514

Category

nonfiction

Subjects

Business, Finance, Economics

Rating

3.15 / 5 (26 ratings)

Updated

2026-03-14