Yeah! Cheap consumers that call themselves American. All parties are guilty.
The 401k and other blind investments are to blame as well. If you start in the 40s with the money market, move on to the IRA legislation and then the 401k you will see some trends. Interest rates fall on savings and jobs leave the US. Why?
Proxy votes! Proxy them for high returns and not stability. Wonder how many people proxy voted their jobs off shore for higher returns?
What the stock market is doing now is a big bubble! It will keep growing and then when Xers retire things will level out and start to drop.