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How Does American History Impact Spending?

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How Does American History Impact Spending?

Economy

How Does American History Impact Spending?

How Does American History Impact Spending?

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  • <iframe src="https://www.npr.org/player/embed/100284044/100284036" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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It took a crisis on Wall Street to turn a nation of spenders into a nation of savers. How do events in American history impact changes in financial behavior? Christie Pearson Wohlwend, a San Diego resident, talks about being debt free for the first time in 27 years. Richard Thaler, a professor at the University of Chicago, discusses economic behavior.