Americans save at a much lower rate than Europeans (5% US vs. 15% EU), which I t... | Hacker News

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milesskorpen 59 days ago | parent | context | favorite | on: The death of the brick and mortar toy store

Americans save at a much lower rate than Europeans (5% US vs. 15% EU), which I think makes your whole thesis backwards. Maybe Americans SHOULD be saving more for retirement, but they aren't!

CamperBob2 58 days ago [–]

I think the idea is, why should they save more, if they can save a smaller fraction of their income and let the market amplify it for them?

Seems like one of those plans that works great right up until it doesn't.

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