r the last decade. While this is not a perfect proxy for my family spending, it does capture my greater inclination towards thrift with the onset of Zerophilia and negative real returns on cash and government securities. At a national level, saving rates have risen modestly. Many economists do not believe

ies LW. REI longterm avgs site 1980 except for Korea,China Brazil (1995). Fwd PIE longterm avgs sire. 1987 except for8razil.China (1995). 2.3 2 8 Zerophilia and your family spending The term zerophilia is how we describe the inclination by Central Banks to rely on quasi-zero interest rates as a means of