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He wrote under the headline "not poor – savings poor", underlining his quote.
But the flipside to poor savings rates is better deals for borrowers.
A combination of cheap mortgage rates, easing criteria and poor savings rates are convincing many that investment property is a sensible home for their money.
Continuing like a broken record, you bring up America's trade deficit, poor savings rate and supposed dangerously overvalued stockmarket as reasons why Europe will begin to catch up, or at least keep pace, with the American juggernaut.
It may be risky to make people put most of their eggs in one pension basket, rather than encouraging them to save in a variety of ways.Nor is it clear that today's under-35-year-olds will make poor savings choices if left to their own devices.
Buy-to-let was once was the preserve of professional landlords but plummeting pension returns, poor savings rates and stock market uncertainty have led many homeowners to see their house or flat as a safe asset, not just a place to live.
Similar(50)
The United States has the poorest savings rate of any industrialized country; it is nearly a fourth that of Japan.
But as the working poor, our savings depleted by health insurance premiums.
I had to match them, and learned the hard way that the poorest of the poor have savings.
While you may have an unused line on your credit card for security, the poor have savings.
The crowd chanted in unison, "How can the poor get savings accounts?" When Reed said this could be fixed simply by growing the economy, the crowd booed loudly again. .
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