Economic Progress

How to increase America's saving rate

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. Stocks pushed further into record territory on Wednesday, driving the S&P 500 to an all-time high close for a fifth day, helped by strength in financials and technology. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) - RTXZFHC

Image: REUTERS/Lucas Jackson

Martin Feldstein
Professor of Economics, Harvard University
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