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To: GST who wrote (159772)	1/8/2004 9:38:06 AM
From: Oeconomicus	Respond to of 164684

It might be helpful to see the changes in the "personal savings rate" over the long-term. The data since 1980 is below - what would you conclude from this? Personal saving as a percentage 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 of disposable personal income 10.0 10.9 11.2 9.0 10.8 9.0 8.2 7.0 7.3 7.1 7.0 7.3 .................................1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003(9 mos) ..................................7.7 5.8 4.8 4.6 4.0 3.6 4.3 2.4 2.3 1.7 2.3 2.2 Source: bea.gov

To: GST who wrote (159772)	1/8/2004 2:31:42 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

well GST I think the WH should prepare statistics on personal investments in addition to savings because realistically, people are fools to put much money in savings now, and consequently they don't. Even the tax system doesn't encourage savings, you can buy a dividend paying stock and get better returns and in some cases manage risk almost as well as a savings account. Whatever the personal savings rate was supposed to measure is obsolete now- if this is a problem, and it may be then government needs to come up with a way to incent people to put money in 1% savings accounts. Just as a datapoint, I think I have about 6K in savings. Does that mean 6K is all I have available in the event I need cash? Uh no.