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
Windfall Profits Taxes?
Clean Up on the Grocery Tax Aisle
Pondering Property Taxes
Clearing up Carbon Taxes
States' Taxes Go Flat
Biden’s Budget Battle
Let’s Make a Global Tax Deal
A Gas Tax Holiday
The Child Tax Credit Score
States on the Move: Cutting Across Party Lines
Tax Season's Greetings
A Stimulating COVID-19 Discussion
Taxing Decisions, 2021: Minisode 4 Waiting on the Senate
Taxing Decisions, 2021: Minisode 3 Revenge of the SALT
Taxing Decisions, 2021: Minisode 2
Wireless with Strings Attached
Federal Policy is Hard
Taxing Decisions, 2021: Minisode 1
Wake Me Up when Reconciliation Ends
The One About Crypto
Create your
podcast in
minutes
It is Free
City Manager Unfiltered
Potencial Americano
The ASIC Podcast
The Chris Plante Show
Strict Scrutiny