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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Moominoid who wrote (62609)4/24/2005 2:15:11 AM
From: energyplay  Read Replies (1) of 74559
 
Hi Moominoid - You are talking about GDP accounting, and I'm talking about the (aggregate) personal income. The personal income and personal expenditures are use to calculate the savings rate.

There's a an entire chorus, almost an industry of "the consumer is in trouble ! Not saving enough ! Too much debt for income !"

Of course, the "not saving enough" makes it easier to pass special tax breaks which help higher income people...
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