BULLS & BEARS: Americans' lack of savings shouldn't be misconstrued

One trait Americans have perfected is fretting. We are the most anxious of all cultures at a time when our prosperity is at its peak. According to the Federal Reserve Board's flow of funds accounts, Americans' household assets and net worth are at alltime highs, home ownership and homeowners' equity are at all-time highs, and we have more money in the bank and money-market funds than we've ever had. Still, we are popping anti-depressants like popcorn. Even after all the...

 

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