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	<title>The Swamp Report &#187; savings</title>
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	<description>Political, Economic, and Finance related commentary. J.D. Swampfox Associates report on battles for prosperity against the &#34;Tarleton&#34; of big government.</description>
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		<title>McKinsey highlights the need for income growth to offset increased savings</title>
		<link>http://www.swampreport.com/economy/mckinsey-highlights-the-need-for-income-growth-to-offset-increased-savings/</link>
		<comments>http://www.swampreport.com/economy/mckinsey-highlights-the-need-for-income-growth-to-offset-increased-savings/#comments</comments>
		<pubDate>Tue, 31 Mar 2009 02:08:47 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[income growth]]></category>
		<category><![CDATA[savings]]></category>

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		<description><![CDATA[The McKinsey Quarterly reports on the importance of growing household incomes to facilitate reducing the abnormal debt level (see chart below) without such drastic reductions in consumption. &#8220;In short, the importance of income growth is difficult to overstate. With it, households can simultaneously reduce their debt burden, rebuild savings, and boost consumption. But without significant [...]]]></description>
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