Pantheon Macroeconomics - Europeans, who usually save more of their income than Americans, have spent all the windfall from falling gas prices. Americans have not. It is tempting, therefore, to argue that perhaps Americans have come to see the error of their low-saving ways, and are now seeking to emulate the behavior of high-saving Europeans. Undeniably, the plunge in gas prices has given Americans the opportunity to save more without making hard choices.

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31 May. 2016 Can we Still be Confident that the Saving Rate Will Fall?

By Ian Shepherdson

Europeans, who usually save more of their income than Americans, have spent all the windfall from falling gas prices. Americans have not. It is tempting, therefore, to argue that perhaps Americans have come to see the error of their low-saving ways, and are now seeking to emulate the behavior of high-saving Europeans. Undeniably, the plunge in gas prices has given Americans the opportunity to save more without making hard choices.

Posted: 31st May 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 31 May. 2016 Can we Still be Confident that the Saving Rate Will Fall?

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