employer plans

Greater Saving Can Increase Retirement Security and Economic Growth

Posted on 06/24/2014 by |AARP Blog Author | Comments

Public Policy Institute  Increased saving can be an important driver of future economic growth and rising living standards. That is the conclusion of a new report by Oxford Economics — Another Penny Saved: The Economic Benefits of Higher US Household Saving — sponsored by AARP and 10 other organizations. The U.S. personal saving rate has been declining for more than 30 years. And the report’s authors project the rate will drop further — from around 4 percent today to about 3 percent …