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On the Record

The Financial Crisis and Personal Saving


The current financial crisis has had a great impact on how Americans are saving.

In a presentation for the “National Forum to Encourage Lower-Income Household Savings,” Karen Dynan explained that while aggregate personal saving should be markedly higher than before the crisis, it is difficult to predict the level of saving for lower-income households.

Karen Dynan

Professor of the Practice of Economics - Harvard University

Nonresident Senior Fellow - Peterson Institute for International Economics

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