Private savings and public dissavings

Are people saving more to make up for government budget shortfalls?  There’s evidence to support that hypothesis.

Data from the most savings-obsessed country also supports that. It would make sense if you think about it – if you expect the government to cut back on everything from mortgage subsidies and employment benefits, to raising retirement age, healthcare co-pays and your children’s tuition fees, it would make a lot of sense to save.

And yes, all the aforementioned points are in hot debate, in preparation for the election next week in clogs country.

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