American Savings

Have you ever wondered what to make of the reported low, even negative, rate of savings attributed to the American people? Have you thought about what you put into your 401(k), Roth IRA, and college savings; then thought about what your friends, neighbors, and co-workers do; then wonder if that negative savings rate makes sense?

The Skeptical Optimist goes to a different source to show that America's savings rate is a lot better than has been reported. The Federal Funds balance sheet shows a considerable increase in financial assets held by households and nonprofit organizations.

(Via Dave Justus)