America the Cautious?
Some say Americans’ cautiousness is not just a result of the “burn” of the Great Recession; and that in actuality, for a generation, Americans have slowly been showing that their penchant for risk-taking is in decline.
A recent Wall Street Journal piece (“Risk Averse Culture Infects U.S. Workers, Entrepreneurs”) points out four trends, observable since the 1980s, that show a loss of risk-taking psychology — and these confound some recent analysis that would pin blame either on the aftermath of the financial crisis and Great Recession, or on the epochal shift inaugurated by Baby . . .
Continue Reading: June 13, 2013
