Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

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Nov 14 9:30 AM EST

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To: Proud_Infidel who wrote (42989)	3/3/2001 5:10:02 PM
From: Katherine Derbyshire	Read Replies (3) of 70976

>>There are many middle class people making decent incomes, yet are unable to save any money whatsoever. << Unable? Or unwilling? Consider the sales of SUVs, cell phones, DVD players, trips to Disney World, etc. None of these are exactly survival necessities, but plenty of middle class people seem to be able to scrape together enough money (or debt) to pay for them. Now compare the number of people who make the maximum contributions to their 401K and/or IRA plans, both of which are significantly tax-advantaged. I have a hard time believing that a tax cut that even its supporters claim is intended to stimulate consumer spending is going to do much for the savings rate. Katherine

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