DIFFERENCE IN SELF-CONTROL AMONG SPENDERS AND SAVERS

The Low personal saving rate in the United States exacerbates the prob lem of limited financial resources available for capital investment, r esearch and production facilities, and financing the national debt. Ec onomists are beginning to address the importance of increased national saving in reversing the high external debt-capital ratio that exists in. the United States (Hamada and Iwata, 1989). Deepening our understa nding of psychological factors that influence savers could be useful i n altering current low rates of saving.