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Global households cling to cash five years after Lehman collapse
An AP analysis of the world's 10 largest economies shows families remain cautious, shifting hundreds of billions from stocks to savings and bonds, cutting debt, and hoarding cash as confidence slowly rebuilds. Investors in the US, Germany, Italy, France and others retreat from risk amid lingering scars from the 2007 2009 crisis.
MENTIONED IN THIS ARTICLE
New York
U.S
Lehman Brothers
Associated Press
Ian Bright
ING
Amsterdam
Lehman
Arne Holzhausen
Allianz
Munich
United States
China
Japan
Germany
France
United Kingdom
Brazil
Russia
Italy
India
Lipper Inc
Credit Suisse
Organization For Economic Cooperation and Development
PricewaterhouseCoopers
Haver Analytics
Rick Stonecipher
Muncie
Ind
Stonecipher
Lipper
Cyril Blesson
Paris
U.K
Fu Lili
Fu Xin
Moscow
Yuri Shcherbanin
N Oil Company
London
Pavlina Samson
Holzhausen
Allianz Economist
Jerry
Madeleine Bosco
Tujunga
Calif
Madeleine
Maria Schoenberg
Frankfurt
Mark Witner
Wells Fargo