Sentences with phrase «nation of savers»

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.

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.

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.

Lower prices is one way to encourage buyers, but so too are seller contributions, especially when you consider that we are not exactly renowned as a nation of savers.

Why 20 years ago were we a nation of savers and now we're a nation of spenders?