Well, it's good to see people say, 'I want to save 14 percent.' But there's an old saying. Everybody wants to go to heaven, but nobody wants to do what it takes to get there. There's a truth to that here; 14 percent savings, anything close to that is going to delay a recovery because we're just such a consumer-based economy. Over the long haul, though, a much higher savings rate will be extremely healthy for this country.
Gergen discusses the implications of increased savings rates on economic recovery.
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