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4 Resources for

paradox of thrift

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What Higher Savings Means for the Economy
Americans find themselves in a situation economists describe as 'The Paradox of Thrift:' Saving is good for the household, but bad for the overall economy.
Tags: Economy, MoneyWatch, Saving, Savings Rate, Household Debt, Consumption, Paradox of Thrift, Recession, Recovery
Videos 2009-03-10
The Lost Culture of Saving
Social scientist Barbara Dafoe Whitehead discusses the institutions and forces that conspire against saving, and how we can change them. According to Whitehead, shortsighted government policy and a financial system based on greed turned Americans away from thrift… Even before it was fashionable, Barbara Dafoe Whitehead was proselytizing about the...
Tags: Bank, Lottery, Debt, MoneyWatch, States, Government, Financial Services, ATM, Sales Channel, Vertical Industries, Networking, Sales, Enterprise Software, Software, Saving, Thrift, Consumer Spending, MoneyWatch Q&A, Thrift Savings Plans, Retirement Planning, Retirement Income, Savings, Paradox of Thrift, Cait Murphy
Articles 2009-03-05
Is Saving More a Good Thing?
Americans have cut down dramatically on spending and ratcheted up their savings rates. And while that's good for the economy long term, helping to finance valuable investment, in the short term, it's only making our economic woes worse…A recent store visit underscores just how dramatically spending habits have changed in...
Tags: U.S., Savings, Economist, Income, MoneyWatch, Savings Rate, Personal Finance, Operational Accounting, Finance, Thrift, Consumer Spending, Household Debt, Consumption, Paradox of Thrift, Recession, Cait Murphy
Articles 2009-03-09
Are You Saving Too Much?
The economic crisis has driven families to rediscover a long-forgotten American virtue: thrift. Ironically, that's exactly what the economy doesn't need right now.The message from the Administration and the U.S. Treasury couldn't be clearer: Please start spending again, America. Your economy needs you. But we haven't been listening....
Tags: Economy, MoneyWatch, Corporate Communications, Marketing, Savings Rate, Household Debt, Consumption, Paradox of Thrift, Recession, Recovery, Great Depression, Nesting, Home Sizes, Bankruptcy, Barbara Dafoe Whitehead, Center for Thrift and Generosity, Savings Programs, MoneyWatch Feature Package
Articles 2009-03-24

Additional Resources

Harnessing The New Age Of Customer Frugality
Many businesses have been bitten by this so-called "Paradox of thrift." frugality might be a great idea for the individual, but for the businesses that rely on the spending of that customer, it can really ding the bottom line. There are a lot of tried-and-true responses to this. Offer big...
Tags: Frugality, American Express Co.
White papers 2009-09-29
America, Land of the Frugal -- And Why That's Bad News
After years of spending at breakneck speed, Americans have resumed the quaint practice of saving money. Although it might be uplifting to think of the shift as a newfound personal virtue, and it's true that spending on lots of things is down, the numbers suggest the lower spending may be...
Tags: Consumer, U.S., America, Economist, NYT, Obama Administration, Personal Consumption Expenditure, Sales Strategy, Food & Beverage, Manufacturing, Telecom & Utilities, Sales, John Keefe
Blog posts 2009-05-12
Retail Sales Prove Meredith Whitney's Caution
April retail sales were worse than expected, calling into question whether the American consumer is ready to come out of hiding just yet. It's hard to argue with the rationale: until the economy improves, why spend like it's 2005? The New York Times' Catherine Rampell announced that...
Tags: Writeoff, Sales Strategy, Sales Force Management, Balance Sheets, Sales, Financial Statements, Financial Accounting, Finance, Jill Schlesinger
Blog posts 2009-05-13
A Return to Saving Over Spending?
Jeffrey Frankel submits: The National Journal asks “Is the recent Return to Saving temporary or permanent?” The famous Paradox of Thrift holds now more than ever: what is good for the individual, and for the economy in the long run — high saving — is bad for...
Tags: US Market, Jeffrey Frankel
External links 2009-07-13
The Business Council on the Rudd Stimulus Package | BTalk Australia
(14min 55) After some argy-bargy in the Senate, the Australian government has passed a $42 billion fiscal stimulus package. About a third of the money will go in cash handouts to low and middle income earners, with most of the remainder allocated on infrastructure projects. There’s been...
Tags: Australia, Moment, Stimulus, Economy, David Walker, Kevin Rudd, GST, Taxes, Government, Free Trade, Personal Finance, Vertical Industries, Financial Planning, Finance, Enterprise Software, Software, Phil Dobbie
Blog posts 2009-02-19
Jack Bogle: Why Stocks Will Beat Bonds (and Investors Will Miss Out)
Vanguard founder and investor advocate Jack Bogle tells us how to invest now and tells the administration how to reform the U.S. financial system. We both should listen. You’ve seen a few downturns in your time. Based on your experience, what’s next? ...
Tags: Financial, Bond, Stock, Financial System, Investor, MoneyWatch, Keynes, Investment, Financial Accounting, Finance,  , Jack Otter
Articles 2009-06-08
Squeeze Play
American consumers have no recollection of life in the Great Depression. Not only are most simply too young to remember it, but for the last quarter century they've lived without extended economic hardship, becoming ever more acquisitive in a world of instant gratification and easy credit. No one knows how...
News items 2009-08-07
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