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Economic Commentary

Are We Saving Enough?

Americans are saving less than they used to. They have selected a curious time to change their habits—the number of years people spend in retirement is growing, and Social Security continues to suffer from long-term financial shortfalls. This Economic Commentary suggests that saving rates would have to be much higher for most American households if they are to maintain their living standards through retirement.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Gokhale, Jagadeesh. 2000. “Are We Saving Enough?” Federal Reserve Bank of Cleveland, Economic Commentary 7/1/2000.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International