And in the mean time, personal savings absolutely plummeted.

It's not even sustainable economically.

What we're seeing is an uptake in the savings rate.

Savings bonds.

They're savings bonds.

It's not just numbers on a piece of paper.

The deal.

A 1 0 U.S. Savings Bond.

This is something I call the 50 20 paradox.

What's this building?

Save your dollars bills, yo!

He's given a control that allows him to adjust his savings rate.

Now I'm going to describe to you a study I did with Gur Huberman, Emir Kamenica, Wei Jang where we looked at the retirement savings decisions of nearly a million Americans from about 650 plans all in the U.S.

So we're starting to pay for things with money that we have.

So this is a timely problem.

The agreement was...

Agreement?

And what I'm going to talk about today is Save More Tomorrow.

And slowly, slowly we're bringing it up to a moderate savings rate.

The details of the agreement are set forth in the contract.

The details of the agreement are indicated in the contract.

Now, there are all kinds of things that we architects need to learn how to do,

Right, come in and we'll sign the papers.

Damn contracts.

Not according to the contract.

Yeah. I've got a contract!

What deal?

Holding down the right flank of the OECD, all the way on the other side, is Greece.

The data isn't gathered.

So, very quickly, when President Obama said,

Your contract's been canceled.

I want it in writing.

Katric Arks?

Those are the terms.

What kind of contracts?

Please take a look at the contract...

This is Ned Ryerson, my new insurance agent. I'll say.

There was nothing to buy, unless you wanted to buy some rivets. Right?

Because I kind of view that as a reference point.

Until we get to this point right here, where everything starts blowing up.

Let me just put it into my mattress.

Well, think about smoking, for example.

I still have some money saved! I'm prepared for hard times.

You done much business?

Done much business?