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Caution Goes Up With Salaries
AP examines how households balance desire for a better lifestyle with security leading to compromises. Behavioral economist George Katona notes rising savings rates, persistent insecurity, and a shift toward inflation relief, with sustained high savings into the 1970s despite economic ups and downs.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
George Katona
Behavioral Economists
Katona
Survey Research Center
University of Michigan