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To: Skeeter Bug who wrote (95036)3/1/2001 5:51:23 PM
From: Uncle Frank  Read Replies (1) | Respond to of 152472
 
>> it never included them and it never included pensions of the past.

People are taking money they would have banked in past years and jamming them into 401Ks and IRAs. Since they are today's savings/retirement accounts of choice, the very magnitude of the contributions and holdings would seem to necessitate their inclusion to gain any understanding of savings rates.

uf



To: Skeeter Bug who wrote (95036)3/1/2001 6:48:09 PM
From: puzzlecraft  Read Replies (1) | Respond to of 152472
 
Well then the govt. savings rate figure is totally useless. At one point there were no IRA's and 401K's. I used to have a savings account, now I don't. Also, brokerage accounts pay an interest rate on positive cash comparable to old time savings accounts.