Baby Boomers Are Socking It Away For RetirementMike Mcnamee
Are consumers out on a limb? Federal Reserve Governor Lawrence B. Lindsey recently warned that with spending growing faster than incomes, the household savings rate is at a record low. And what savings families do accumulate are going into such illiquid assets as pensions and life insurance, increasing households' vulnerability to swings in income, Lindsey fretted.
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