Savings Account News
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Opinion: Want a Nation of Savers? Start at Birth
Jul 23rd 2010 – 5:00AM
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(July 23) -- Without much fanfare, savings disappeared from the national economy, replaced by rising levels of debt used to finance ever-expanding consumption. It's an unsustainable path, and one that contributed to the Great Recession we are still struggling to overcome. And while turning us into a nation of savers...
Background on Savings Account
Savings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a check).
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