Home > Events & News > Brown Bag Schedule . Archive

PSC In The News

RSS Feed icon

Starr's findings account for some of the 19% black-white gap in federal sentencing

Frey says suburbs are aging, cities draw millennials

Pfeffer comments on Fed report that reveals 20-year decline in net worth among American families

More News

Highlights

U-M's campus climate survey results discussed in CHE story

U-M honors James Jackson's groundbreaking work on how race impacts the health of black Americans

U-M is the only public and non-coastal university on Forbes' top-10 list for billionaire production

ASA President Bonilla-Silva takes exception with Chief Justice Roberts' 'gobbledygook' jab

More Highlights

Next Brown Bag

Mon, Jan 22, 2018, noon: Narayan Sastry

Matthew D. Shapiro

Shapiro says Americans' low spending reflects "cruel lesson" about the dangers of debt

a PSC In The News reference

"The economy’s real drag: Us" - Washington Post. 05/08/2016.

Lower consumer spending is contributing to America's sluggish economy. Rather than borrowing and spending, Americans are repaying old debt and saving more. Why? Matthew Shapiro says "people got a cruel lesson about [the dangers] of debt” during the housing bubble and recession, when mortgages and credit card debt soared. Shapiro says that if Americans are able to keep saving, household spending may continue to rise at a slow and steady pace.

Researcher:

Matthew D. Shapiro

View News Archive