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Save More for Yourself and America

Cecille Isidro — Wed, 18 Mar 2009 14:12:00 -0400

As the economy slows, millions of Americans will cut their budgets to stay afloat. This generates conflicting impulses: If I skip that morning coffee and granola, will my thriftiness put my local coffee shop out of business?

Will that force America's granola farmers to lay off workers? What's a budget-conscious, patriotic and hungry girl to do?

Not to worry, saving a few dollars now will not prolong the recession. And, more important, spending all your discretionary income will not end the recession.

PODCAST: Savings Made Easy -- Perfect for Tough Times

Kate Schuler — Wed, 11 Mar 2009 14:13:00 -0400

End the War on Savings

Cecille Isidro — Thu, 12 Feb 2009 09:58:00 -0500

Finland recently launched a war -- on household savings. The campaign warns Finns to lay off the piggy bank, pleading: "Don't feed the recession." The rhetoric there is quite similar to reports we've seen here from economists and Wall Street forecasters nervous at signs that U.S. consumers are starting to save.