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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (44997)	5/23/2003 11:01:01 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

Yes, strange. I had the same problem on the preview page. Anyhow, here's the article- >It may be commonly known that the U.S. ADVERTISEMENT consumer's savings rate is lower than that of consumers in other countries. But, by at least one measure, U.S. consumers may be doing better than expected. In its triennial Survey of Consumer Finances, the Federal Reserve Board asks consumers if, in the prior year, they can recall saving--that is, spending less than their income from all sources. According to the recently released 2001 survey, 59.2% of U.S. households recall saving in the prior twelve months, which is the highest rate ever recorded (the statistic began to be tracked in 1992). Savings rates vary importantly by demographic factors like age, income, and education. Generally, the older, more affluent, and more educated the respondent, the more likely he or she is to report saving money. The most important and fastest-growing reason to save is for retirement.1 More about U.S. consumer savings rates: • Personal Income and Outlays - U.S. Dept. of Commerce., Economics & Statistics Administration • Economics debate surrounding savings rates & the economy - The American Prospect • Savings and wealth research - Consumer Federation of America <