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Politics : Politics for Pros- moderated

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To: carranza2 who wrote (118427)	6/6/2005 1:56:15 PM
From: Bridge Player	Read Replies (3) of 793964

C2, I'm having trouble googling a definition of "savings". What does the federal government mean when they say the national savings rate is extremely low? What do you mean? Examples: I assume "savings" would include bank personal savings accounts, CDs, and U.S. government securities held in personal accounts: bills, notes, and bonds, and perhaps, money market funds. Would it include a publicly traded bond fund, say an ETF that invested in a wide range of foreign and domestic bonds? How about IRAs invested in those? 401K accounts? Annuities? Municipals? Keogh plans? U.S. Treasuries held in a personal account by a foreign national? Mutual funds? or does it depend on the type of fund? Suppose I have a personal non-IRA account invested in a U.S. government bond fund. Is that savings? If I sell that and switch to a high-tech speculative fund, does it still count as savings? I have a feeling, although can't prove it, that the "official" definition of "savings" is obsolete, and does not include a whole heck of a lot of investment options that people nowadays put money into. Anybody?

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