Wow. Who could have guessed that low-income Americans wouldn't save?[Treasury Secretary John W.] Snow diverged yesterday from his positive economic message to raise questions about lingering economic misgivings. And he hinted at new policy initiatives.
"The idea there is to explore the things that produce broad-based prosperity," he said of the meeting's purpose. "One of the things we know is that less educated people have seen their incomes and wages grow more slowly. That's what the numbers tell us.
"So that points you in the direction of greater emphasis on education," he told reporters, adding that savings rates among low-income Americans are also lagging.
Weird.
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