Reaction: Savings

I agree that with rising cost of medicines and dwindling social security it is necessary educate people about the concept of savings so that they may be better planned for the future. Especially since the saving rate in the US has been on the downside. In 1984 the saving rate was 10.8, in 2001 it was 1.8 and only 1.4 in 2003.
Another blog posted by Greg talks about how people nowdays retire at an younger age. This means that people are saving less while working and retiring much earlier. I definitely think that there has to be some sort of eductaion on savings to prevent any sort of bankruptcy later in life.