It is no secret that Americans are not good at saving.
In fact, before the economic downturn, Americans were only saving 1% of their income according to The Atlantic.
Compare that to the Japanese, who save 25% of their income, down from a high of 30 to 35% according to Maki, the Japanese woman behind the blog Just Hungry.
My husband was born in Japan and lived there the first 25 years of his life, so I asked him about his experience growing up. He was at first hesitant to share because he is nearly 40, so he doesn’t feel his family is representative of the way things may now be in Japan. Still, this is his family’s experience, which I find to be in stark contrast to many American households, even 30 years ago.