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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (130648)	1/24/2001 1:31:10 PM
From: Scumbria	Read Replies (1) \| Respond to of 1571725

Joe, People don't save in the US, because saving won't make them rich. Instead, Americans put their money in the stock market. Most Europeans are not consumed with a passion for getting rich. I spent a good deal of time the last couple of years addressing the issue of company stock options in Europe, and it took me a long time to understand why nobody really cared over there. Scumbria

To: Joe NYC who wrote (130648)	1/24/2001 2:21:19 PM
From: tejek	Respond to of 1571725

In western Europe, people generally feel secure within their society.... In the US most people are on their own. If this were true, how do you explain high savings rate in Europe, and low savings rate in the US? Joe, That's what scares the hell out of most economists and causes them concerns over this slow down. The fear is it could get much worse because of Americans' lack of savings and their propensity to play the stock markets. The simple answer is that in an effort to maintain a particular life style, there is no $$$ left over to save. It could be that Americans are more concerned with image and maintaining that image than Europeans. ted