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To: Joan Osland Graffius who wrote (161086)	4/20/2002 10:15:50 AM
From: GraceZ	Read Replies (3) \| Respond to of 436258

Right now I do not think the word "save" is in their vocabulary. Why do people think that the Boomers aren't saving when all the evidence is to the contrary? This isn't directed at you specifically, Joan. Its a national delusion that Americans aren't saving. I talk to twenty year olds and thirty year olds who are more concerned about putting money together for retirement than they are in their career path. Look at this graph, see the spike up in the late nineties? mywebpages.comcast.net

To: Joan Osland Graffius who wrote (161086)	4/20/2002 2:00:44 PM
From: Ahda	Read Replies (1) \| Respond to of 436258

bea.gov I dont think at least at this end of the nation that many can save so there is a futility that sets in. Debt becomes the solution to life not just in young but in many who are working at a lower wage. These people can find themselves overextended as credit cards are easy to obtain where an increase in wages is hard to get. The credit becomes to much to handle and this leads to the request of a draw against future earnings so they are ever behind the eight ball. I don't consider all youngsters brats my sons wife to be will finish her internship next year and her wages with a PHD will be about 45,000. In CA the state average housing price is about 280,000. Off hand i would say a minimal apartment in the low scale quarters would be around 800. It requires much financial discipline for young people who are self supporting to live here. Credit cards can end up being used for food. The figures are starting to show it appears the savings rate has been decreasing nationally. 401k -I do not feel this is an asset other than a tax deduction. Everything we offer seems to have to have the added benefit of the ability to create additional debt and this additional debt has become the way to the means that does not end.