>>>>>Last year the US saved $260 billion dollars.<<<<<
Mike-and-Will, I could look this up myself, but maybe your source has this info, does the $260 billion include the following, some are obviously yes, others not so obvious to me:
1. Passbook accounts;
2. Certificates of deposit;
3. Cash parked in interest-bearing checking accounts, exclusive of money market accounts;
4. Cash parked in money market accounts, including those at brokerages;
5. U.S. Treasuries, e.g., T-bills, bonds, savings bonds;
6. Municipal bonds;
7. Gold and silver coins and bullion;
8. Equity in residence;
9. Equity in small business;
10. Money in retirement accounts that is invested in money-market or bonds. |
