"Given what they've lived through, households are loath to borrow again," says Jack Ablin, chief investment officer of BMO Private Bank in Chicago. "They're not going to stretch. They want a cushion."â¿¿ HOARDING CASH: Looking for safety for their money, households in the six biggest developed economies added $3.3 trillion, or 15 percent, to their cash holdings in the five years after the crisis, slightly more than they did in the five years before, according to the Organization for Economic Cooperation and Development.
AP IMPACT: Families Hoard Cash 5 Yrs After Crisis
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