DIFFERENCE IN SELF-CONTROL AMONG SPENDERS AND SAVERS

The Low personal saving rate in the United States exacerbates the problem of limited financial resources available for capital investment, research and production facilities, and financing the national debt. Economists are beginning to address the importance of increased national saving in reversing the high external debt-capital ratio that exists in. the United States (Hamada and Iwata, 1989). Deepening our understanding of psychological factors that influence savers could be useful in altering current low rates of saving.