And in the mean time, personal savings absolutely plummeted.

A lone robber held up the la brea savings and loan.

What we're seeing is an uptake in the savings rate.

Savings bonds.

It's not just numbers on a piece of paper.

Or I could buy this house for 1 million.

They're savings bonds.

I made a deposit of 1,000 at the bank.

And what we looked at was whether the number of fund offerings available in a retirement savings plan, the 401(k) plan, does that affect people's likelihood to save more for tomorrow.

A 1 0 U.S. Savings Bond.

This is something I call the 50 20 paradox.

He's given a control that allows him to adjust his savings rate.

So this is a timely problem.

I have a deposit of 500,000 yen at the bank.

What's this building?

Save your dollars bills, yo!

Before we let the clock run, the energy is stored as gravitational potential energy of the cylinders.

And what I'm going to talk about today is Save More Tomorrow.

It's not even sustainable economically.

Now even after all of this granular level of control, do futureless language speakers seem to save more?

So we're starting to pay for things with money that we have.

Holding down the right flank of the OECD, all the way on the other side, is Greece.

Because I kind of view that as a reference point.

Meanwhile, in Racine, Wisconsin, after raiding the American Trust Bank,

And slowly, slowly we're bringing it up to a moderate savings rate.

Fiduciary ethics. Gregory malina's stock sale.

There was nothing to buy, unless you wanted to buy some rivets. Right?

Well, think about smoking, for example.

You'd rent a smaller home.

Now I'm going to describe to you a study I did with Gur Huberman, Emir Kamenica, Wei Jang where we looked at the retirement savings decisions of nearly a million Americans from about 650 plans all in the U.S.

I put ten thousand yen into the bank every month.

Keep something for a rainy day.

Tom got a loan from the bank.

Until we get to this point right here, where everything starts blowing up.

Let me just put it into my mattress.

I still have some money saved! I'm prepared for hard times.

In an emergency you can fall back on your savings.

Do you know what this was right here?

I don't dividend it out to the shareholders. I just keep that.

I could go on and on with the list of differences that you can find.

In an emergency you can fall back on your savings.

Where maybe I saved 5, but someone else borrowed 5.

And I think that kind of common wisdom comes out of the notion of, when you have a mortgage or when you borrow money to live in a house, every month that money that you give to the bank is kind of going into savings.

What is the average difference here?

We have on the screen a representative sample of 100 Americans.