Andrew Samwick posts “one of the most depressing graphs [he has] ever seen.” Recall the simplest formula Tom used: Savings = Personal Income – Personal Taxes – Personal Consumption Expenditures [PCE]

Tom’s working on explaining Savings 101, so this is specifically to deal with the “issue with” retirement accounts. Via Lawrence G. Lux, we find the A.P. (and maybe the NYT) highlighting a “study” by an investment management firm that “discovers” problems with the way people manage their 401(k)s: Some of the diversification problems stemmed from […]