We really need to think hard about whether the dollars we are spending are effective at achieving the goals. Our existing [retirement] programs are falling short.
People are very interested in investing in education right now, partly because it’s a tough job market. They can’t find work, and also to get the jobs they’d like to have, they need more skills.
People have lost their appetite for risk. They’ve been burned by the stock market. They’ve suffered through capital losses on their homes. And so they’re hunkering down in what they view as the safest place to store money.