Americans are saving less. While the U.S. saving rate has regularly lagged behind its peers, it has yet to return to pre-pandemic levels. Increasingly, people are turning to credit cards to fill the gaps in their budgets.
Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to discuss why the U.S. is struggling to save and what solutions exist within the tax code to help Americans save more.
Links:
https://taxfoundation.org/blog/personal-saving-retirement-taxes/
https://taxfoundation.org/research/all/federal/case-for-universal-savings-accounts/
Support the Show.
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
From Gallons to Miles: Rethinking Road Taxes
Taxocracy Tales with Scott Hodge
Survey Says Tax Confusion
Biden’s Budget Blueprint
Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy
Launching Tax Foundation Europe
Costly Inputs: Unraveling Sales Tax's Impact on Businesses
Exploring the Impact of the 2024 Tax Relief Act
Tackling Financial Literacy with Jed Collins
Economic Education Month and TaxEDU
Prohibition by Price
The Inflation Reduction Act One Year Later
Interesting Interest Rates
The Wayfair Sales Tax Ruling, Five Years Later
A Bittersweet Broadcast
Tax Ideas for the EU Green Transition
The FairTax?
Exploring Excise Tax Trends
What’s Missing from the Tax Burden Debate
Create your
podcast in
minutes
It is Free
City Manager Unfiltered
Potencial Americano
The ASIC Podcast
The Chris Plante Show
Red Eye Radio