Congress Can't Save Money, But It Wants You To

Ask any economist, and you'll hear that Americans have forgotten how to save. During the past decade, American families put money aside at just half the rate they did during the 1960s and 1970s (chart). During all that time, Congress has been struggling to boost private savings. Now, in the tax bill working its way through the Senate, lawmakers have cobbled together two proposals they hope will do the job.

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