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The rich tend to save more of their disposable income and growth slows down.
This partly reflects the fact that younger populations tend to save more for retirement.
People tend to save more for their retirement, so more money is available for investment.
But longer-term employees in profitable industries tend to save more in general.
People tend to save more for their retirement, so more is available for investment.
But it is not a wash since producers tend to save more of their surplus.
Similar(43)
And oil importers tend to spend more of it, whereas oil exporters tend to save more--so there is a positive impact on global growth.
He suggested that in the advanced industrial countries people tended to save more as their incomes grew larger and that private consumption tended to be a smaller and smaller part of the national income.
They tend to save their more pugnacious fare for the big guns so this may have been a valuable sparring exercise.
For starters, the fact is that Russians tend to save far more than they invest; moreover, they have learned the hard way to not put their savings in banks, which in turn deprives the economy of intermediation.
This is above the reach for most Americans, so parents tend to save for their children through more traditional means like savings accounts or they even tap into their checking accounts, 401Ks and IRAs, when need be.
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