Whatever Happened to Thrift?: Why Americans Don't Save and What to Do about It

Ronald T. Wilcox


Whatever Happened to Thrift?: Why Americans Don't Save and What to Do about It

Whatever Happened to Thrift?: Why Americans Don't Save and What to Do about It

  • Title: Whatever Happened to Thrift?: Why Americans Don't Save and What to Do about It
  • Author: Ronald T. Wilcox
  • ISBN: 9780300158243
  • Page: 412
  • Format: Paperback



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 peIt 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 an attempt to reinvent thrift in the United States, to find practical ways to help people consume less and save now so that we can be a richer people in the future and a prosperous nation It is a must read for every corporate executive, policy maker, and concerned citizen.


Recent Comments "Whatever Happened to Thrift?: Why Americans Don't Save and What to Do about It"

This is pretty much just a rehash of every other financial book about how American's don't save enough money.


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    Published :2019-01-25T16:30:53+00:00