Laurence J. Kotlikoff's explanation of the concept of "saving" in The Concise Encyclopedia of Economics.
Please respond to all of the following prompts:
What do economists mean when they use the word "savings"? Is this different than how you thought about savings prior to this course?
What is your preferred way to save? How successful are most people at saving?
What are the three top things that most people could do differently in order to have some money left over as savings? What may prevent people from making these changes?