Undersaved

Say what you will about baby boomers having undersaved for retirement: They've still got an estimated $8.7 trillion tied up in retirement savings plans. ❋ Cristina Lourosa-Ricardo (2011)

It was clear as could be that the US consumer was grossly overleveraged (credit cards, mortgages and installment loans) and undersaved (savings rates close to zero) while yields on corporate debt were absurdly low (which turned out to be due to the then mostly unknown and essentially invisible proliferaton of credit default swaps). ❋ Unknown (2009)

That boost has ended, because many families overborrowed, overspent and undersaved. ❋ Unknown (2010)

With many pundits writing alarmist literature for so long on the overspent and undersaved U.S. consumer, investors were always skeptical about the strength of the largely debtfinanced U.S. housing boom. ❋ Unknown (2008)

The average American consumer "is overindebted and undersaved," he added. ❋ Unknown (2011)

"As a whole, Canadians have undersaved for their retirement," Tina Di Vito, the director of retirement strategies at BMO Financial, tells me. ❋ Unknown (2010)

You overspent, undersaved, and mortgaged your own future. ❋ Unknown (2009)

Most financial planners recommend delaying benefits as long as possible, especially if you undersaved for retirement because Social Security is your last, best chance to boost your income.

But I was talking about the way average Americans overspent and undersaved, bought more house than they could afford, charged their way to a better lifestyle, thought perpetual good times were ordained by God, allowed themselves to be played by campaign consultants and ad men, lurched from believing simplistic solutions to doubting every word spoken by a politician, asked for more government spending and lower taxes, expected their own form of bailouts, closed their eyes in good times and opened their mouths in bad times. ❋ Unknown (2010)