Economists have spent many years trying to figure out how to increase the rate of saving, without much success. Insofar as individuals are concerned, their saving is largely determined by
1. the need to save for
2. get the down payment on a house
3. pay for their children’s
4. have a financial cushion for unforeseen circumstances.
These are all things people would have to save for even if they got no
return on their savings at all.