Why U.S. tax policy makes saving a sucker’s game

Why U.S. tax policy makes saving a sucker’s game:

For the first time since the Great Depression, the U.S. personal savings rate has “gone negative.” In 2005 and 2006, U.S. citizens spent more than they made. Economists disagree about just how ominous this is, but they generally agree on why it’s happening. Americans are “overspending.”