The Lost Culture of Saving

An Interview with Barbara Dafoe Whitehead, MoneyWatch.com, 3/5/2009

Even before it was fashionable, Barbara Dafoe Whitehead was proselytizing about the value of thrift and saving. In a widely read article published last summer in "The American Interest," she described how shortsighted government policy and a financial system based on greed turned Americans away from what had been an enduring social consensus that valued thrift. As a social scientist and director of the Center for Thrift and Generosity at the Institute for American Values, Whitehead has studied extensively the effects of social policy on family well-being. Here Whitehead discusses the institutions and forces that conspire against saving, and how we can change them.

Subject: Thrift

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