Originally posted on Forbes Almost every day I read a column about the economy that drives me nuts. The most recent was the Wall Street Journal’s Vast Household Wealth Could Be a Factor Behind U.S. Labor Shortage. The premise of the article is that Americans saved like crazy during COVID, indeed, so much money that they are opting not to work.
America's Terrible, Endemic Saving Problem
Originally posted on Forbes Almost every day I read a column about the economy that drives me nuts. The most recent was the Wall Street Journal’s Vast Household Wealth Could Be a Factor Behind U.S. Labor Shortage. The premise of the article is that Americans saved like crazy during COVID, indeed, so much money that they are opting not to work.