US consumers: From big spender to big saver

Some of the key findings were:

• Sharp decline in US households’ net worth will trigger a lasting increase in the saving rate up to 6%-6.5%, potentially significantly expanding the need for guaranteed and safe savings solutions.
• An estimated $700 billion per year will be saved in US in the next 10 years.
• Saving patterns are set to change. US consumers are particularly shy of risky assets.