I think the simplest explanation is that over the past several decades we've gone from a nation of savers who paid cash for things including homes and cars to a nation of spenders who use debt like mortgages, car loans and credit cards to pay for things. (businessinsider.com)
Germany's experience with hyperinflation in the 1920s led to a deep aversion to rising prices, one that is all the more severe because Germany is a nation of savers. (canadianbusiness.com)
With China once again churning out products and the U.S. still far from being a nation of savers, some say the old patterns of global demand are reasserting themselves. (theglobeandmail.com)