Roger Ferguson - The household saving rate has fallen to less than 1...

The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation,.. If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result.

Roger Ferguson

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Roger Ferguson Quotes

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The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation,.. If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result. Roger Ferguson

They Said So®

Keywords

household saving rate fallen percent low range historical variation households net steps return closer middle add provide support capital accumulation sustained period consumption grows slowly income result

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