Can We Count on Private Pensions?
As a nation, Americans save a smaller portion of income than residents of most developed, free-market economies. For example, between 1960 and 1983, the savings rate in the United States averaged about 7.5 percent of disposable personal income. This is significantly less than the rates in West Germany (14.5 percent), in France (12.9 percent), and in Japan (18.9 percent).
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