Nine in ten Americans save with accounts say thrift drives growth
A New York press piece surveys opinions on personal savings, noting nine in ten Americans hold savings accounts. It discusses thrift advocates praising savings for confidence, independence, and steady growth, while critics warn against excessive saving amid inflation and the risk of economic stagnation. The debate covers the role of thrift versus government reliance, inflation fears, and moral judgments on spending.
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Financial professionals including brokers investment counselors and bankers hold savings accounts. The largest group is in construction or real estate. Artists writers actors and media personnel also save, with 93 percent in reporters publishers editors and TV movie personnel. Security retirement income and travel rank as top saving reasons.
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