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Generic Confusion

When you leave, my blog just fades to grey
Nu ma nu ma iei, nu ma nu ma nu ma iei

News? Check. Politics? Check. Music? Check. Random thoughts about life? Check. Readership? Ummm.... let me get back to you on that. Updated when I feel like I have something to say, and remember to post it.

Wednesday, February 08, 2006

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)


At 9:31 AM, Blogger Morgan said...

A negative savings rate does seem a bit odd, doesn't it, in light of the $5 trillion or so increase in net worth.


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