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And that was before the crisis hit and we saw friends and neighbors lose their job, or lose their home, lose their savings, pushing the American Dream even further out of reach for too many working people.
WHITEHOUSE: The White House
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One was the euro, which was widely blamed for pushing up prices and eroding savings.
ECONOMIST: Charlemagne: Going Dutch | The
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ING, a Dutch financial-services group, began pushing a telephone-based savings account in May, offering higher interest rates than domestic deposit-takers.
ECONOMIST: Canadian finance
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With few attractive alternatives, investors are squirreling away savings in Treasurys, which is pushing prices up and yields down.
FORBES: On The Cover/Top Stories
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In China the corporate savings rate is over 50%, and the government is pushing for more outbound investment.
FORBES: The U.S. Isn't Encouraging Chinese Investment
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Sources said they were mindful of the risk of pushing benefit claimants into poverty, but that there was potential for massive savings.
BBC: Government eyes end to benefits and inflation link
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By raising payroll taxes, Washington is pushing ahead with an austerity measure likely to inflict the most economic damage while producing minimal savings for the Treasury.
FORBES: Happy Higher Payroll Taxes
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Essentially this means pushing here and there to boost the competitiveness of most established economies while encouraging consumer spending in high-savings emerging economies, especially China.
FORBES: Deficits hinder investment? 'Ludicrous'