danf

The Great Consumer Crash of 2009

I suspect that the reason people don't save is because between taxes and inflation it has not paid to save.

To think about saving today makes little sense when real interest rates your savings will earn are negative and inflation will destroy the value of your dollars faster than you can put them away. So you ask savers to "invest" in markets that are full of risk and for which people have neither the time, inclination or knowledge to investigate.