Robert Samuelson's Psychological Problems

Robert Samuelson is convinced that the U.S. economy is suffering from psychological problems. In a piece titled, "why job creation is so hard" he tells readers:

"We have gone from being an expansive, risk-taking society to a skittish, risk-averse one."

Point number one is the rise in the saving rate:

"In the boom years, the personal saving rate (savings as a share of after-tax income) fell from 10.9 percent in 1982 to 1.5percent in 2005. Now it’s edging up; from 2010 to 2012, it averaged 4.4...