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To: arun gera who wrote (11130)8/28/2004 7:28:11 PM
From: redfish  Read Replies (1) | Respond to of 116555
 
I would consider payments of principal on a home as savings. The interest is money expended on a living cost.

Increases in market value isn't saving, imo. To me, savings means taking money out of your paycheck and not spending it ...



To: arun gera who wrote (11130)8/28/2004 10:04:19 PM
From: Steve Lokness  Read Replies (2) | Respond to of 116555
 
>America today, saves virtually nothing>

How about all the money going into IRA's? Is that counted as savings? In a Roth for instance you can take out the money and use it since you have already paid taxes on it. Seems like a lot of money saved here?

steve


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