David Wyss Despite Quotations

The data show that Americans are ill-prepared for retirement, and gained virtually no ground over these three years. The low saving rate and weaker returns in the stock market held back wealth, despite strong gains in housing. With the baby boomers rapidly approaching retirement, we need to start saving fast, and are showing no signs of doing so.

The economy is living with it, and corporations are turning in strong profits despite high energy costs. People forget that energy isn't as big a part of the economy as it was 25 years ago.

Common sense says consumers have to stop spending money at some point. But consumers haven't shown much common sense lately, despite griping about gas prices.