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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (1396)	3/16/1999 10:20:00 AM
From: Bill Ounce	Read Replies (1) of 3536

re: savings rate into 401Ks > Anyway, the general public is saving money - a great deal infact - > but it is not measured by the Fed. John Q Public has money taken > from his check each pay period and stuffed into a 401K or similar > vehicle. Hmmm. I've heard this, but wonder why this is true: (1) The IRS knows about every cent you save into 401Ks. Think it would be really easy for the government to include this in the overall savings rate. (2) The general public isn't saving all that much from my experience. It's not my profession, but I have gotten a number of people to start saving into their 401Ks. They tend to listen to the "at least take advantage of the corporate match" argument. They don't listen to the "max out your contribution for tax advantage" argument. Stats I heard last week said that only 40% of people in the USA are invested in the market including people who only are in via 401Ks. (3) Even if you max out your 401K, it's not all that much in terms of percentage of income. True savers save at least 25%. My experience is that it is really easy to save 15%, but it starts getting really tough to go past 25%.

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