[A Ruckus of Dogs]

I dispute the assertion that the average person is more wealthy. Last time I checked, America's saving rate is negative.

Yes, but why? Do people not save because they spend money on things they want or things they need? America is a very consumerist society. Frivolous spending is an issue of wealth management, not wealth ownership.

[AdamSelene235]

Yes, but why?

Prolly has to do with interest rates being below the rate of inflation and FDR's decision to make stimulating consumption a high government priority.