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Americans Aren't Saving Enough - Term Papers

Americans Aren't Saving Enough

Americans Aren't Saving Enough

If you think you've had to meet some tough challengers in your time, consider the historic sales call made by Robert Fulton, the famous American who manufactured the world's first commercially successful steamboat.

His meeting was not with the average, easy-going small businessman or head-of-house-hold trying to keep his head above water. His prospective client was Napoleon Bonaparte, who was busy trying to blast all the world's ships out of the water to become ruler of all Europe.

Fulton made what he felt was a very effective presentation.

Napoleon turned on him and screamed, "What, sir? Would you have me make a ship sail against the wind and ...

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a free marketplace and the creation of wealth for the hardworking individual.

That was some year, 1776. It produced the most effective political system in the world and an economic theory that produced more personal wealth than the world had ever seen.

Now here we are, 220 years later, undergoing a full-scale national debate about the purpose and role of this very government, tying with it dire warnings about the consequences of not balancing the federal budget soon and getting our country's financial house in order.

As the debate continues - augmented by the energy of the current presidential election season - we stand on the last leg of the 20th Century. The year 2000 will be upon us before we know it.

The question is, will we be ready - as individuals and as a nation - for the challenges this new century will bring?

We have a lot of work to do.

First, savings are too low in the United States. Far behind the savings rates of other countries. Japan's personal ...

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Americans Aren't Saving Enough. (2011, April 19). Retrieved November 28, 2024, from http://www.essayworld.com/essays/Americans-Arent-Saving-Enough/98206

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PAPER DETAILS

Added: 4/19/2011 02:33:55 PM
Submitted By: mssenise
Category: Economics
Type: Premium Paper
Words: 772
Pages: 3

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