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A Slip in Savings

By Laura Knoy on Wednesday, April 19, 2006.

For the first time since the Great Depression, Americans’ personal savings rate dropped into the negative, meaning last year more and more of us spent all of our disposable income and we dipped into savings from prior years. The trend has many economists worried that we’ve become too carefree with our money. We’ll look at why we’re putting less of what we make aside and ask just how big of a problem it really is. Laura is joined by Russ Thibeault, President of Applied Economic Research in Laconia, and Annamaria Lusardi, Professor of Economics at Dartmouth College.

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