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To: GST who wrote (159772)1/8/2004 2:31:42 PM
From: Lizzie Tudor  Read Replies (1) of 164684
 
well GST I think the WH should prepare statistics on personal investments in addition to savings because realistically, people are fools to put much money in savings now, and consequently they don't. Even the tax system doesn't encourage savings, you can buy a dividend paying stock and get better returns and in some cases manage risk almost as well as a savings account.

Whatever the personal savings rate was supposed to measure is obsolete now- if this is a problem, and it may be then government needs to come up with a way to incent people to put money in 1% savings accounts. Just as a datapoint, I think I have about 6K in savings. Does that mean 6K is all I have available in the event I need cash? Uh no.
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