Our Savings Crisis Must Be Solved
What should Congress do to ensure private retirement security?
Special to Roll Call
We have a savings crisis in this country. We aren’t saving enough as individuals, and we aren’t saving enough as a society. A little more than a decade ago, the personal savings as a percentage of disposable income was nearly 9 percent. Our personal savings rate went negative in 2005, almost reaching negative 2 percent in the third quarter of the year.
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Schumer Advocates for Many on Panel
Nov. 16, 12 a.m.
As Senate Majority Leader, Lyndon Johnson once said of the Joint Economic Committee, “It’s as useless as tits on a bull.” But as that panel’s chairman during the 110th Congress, Sen. Charles Schumer (D-N.Y.) seized the opportunity to elevate the traditionally low-profile post to the forefront of shaping policy. Read Full Article
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