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To: Glenn D. Rudolph who wrote (108002)	9/6/2000 5:24:10 PM
From: Victor Lazlo	Respond to of 164684

ya got me there! LOL!

To: Glenn D. Rudolph who wrote (108002)	9/6/2000 5:24:10 PM
From: Victor Lazlo	Respond to of 164684

ya got me there! LOL!

To: Glenn D. Rudolph who wrote (108002)	9/6/2000 5:40:51 PM
From: Alomex	Respond to of 164684

DAMN SAVINGS RATE. Therefore, assuming on average (if the average person saves, say, 3%) income is understated by 3% and savings 401(k) is understated by 3%. The number posted on a monthly basis is meaningless!!! It's worse than that. Assume a person enrolls in a compulsory savings plan, towards which she must contribute 10-30% of income every month, under penalty of forfeiture of residence. Any reasonable measure of savings rate would report this as an increase on the savings rate of said person. But under current definitions enrolling in such saving plan actually counts towards increased indebtness of said person and is lumped together with other debts such as credit cards and lines of credit. Yes Virginia, most Americans salt money away by buying a house. In time or need/retirement, they can always sell it, move to an apartment and pocket the $100K difference. Buying a hosue is a really good way to force yourself to save a portion of your income.