Corporate saving, in the form of retained earnings, is currently at relatively high levels, but household saving rates are exceptionally low. 3 A broad-based increase in household saving would benefit both the economy and the millions of American families who currently hold very little wealth.
NAIRU estimates were collected in September 1998. NAIRU varies with demographics. Potential GDP growth varies year to year with capital deepening, etc. Updated estimates will be available January 26. Comments  1. The CBO estimate of GDP is on a pre-benchmark-revision basis. Given that the revisions raised GDP growth during the 1990s, this figure likely will be revised up on January 26.