Quoted in New Article at WSJ about The “Wealth Effect” and Low Savings Rate

With Stocks Surging, Americans Are Saving at 12-Year Low
by Harriet Torry, Wall Steeet Journal

The shift away from saving could leave consumers exposed if stocks or other assets take a sudden turn for the worse. Soaring stock prices and improving job prospects have set Americans off on a spending splurge that is cutting into how much they sock away for retirement and rainy days. Sheila’s quote:

“More and more, people want to live now. Nobody’s going crazy; they might be taking a trip or considering a vacation home. It’s not extreme spending.”

View article online (paywall)
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