* Savings accounts, bonds and CD's paying pretty much next to nothing
* The US dollar getting more and more worthless by the day
* Inflation roaring (and a lot more than the government reports)
* No safe alternates
Ben Bernanke has pretty much told savers to go f*ck themselves, while rewarding people and businesses who racked up massive debts. I'll still take cash over debt (and steak over ramen) any day, but Bernanke is savers' public enemy #1 for sure
The US already has a negative savings rate, and with no incentive to save, I'm not sure how that will improve any time soon.
But you want a solution? Congress needs to make interest earned on savings accounts and CD's 100% tax free. And they need to dramatically raise the limits on what can be saved in a Roth or IRA. Immediately. Now.
But of course, they won't do that, as that would be the competent and correct thing to do. And they've got housing gamblers to bail out first. F*ck savers. F*ck under-consumers. This is America - land of credit cards and debt! Get out there and spend - don't save!