Different Seasons, Different Savings

Posted by on Aug 26, 2012 in General | 0 comments

Back in 1985, Franco Modigliani won the Nobel Prize for Economics by observing (from his perch at MIT) the simple technique that squirrels know intuitively from birth. You have to squirrel away some nuts during times of plenty so you can survive during times of scarcity. In doing so, Prof. Modigliani looked at the income […]

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