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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (67627)	4/14/2005 12:40:58 PM
From: Lizzie Tudor	Respond to of 77400

well the savings rate doesn't include investments in real estate or whatever else that is the problem. How much money do you actually save in a passbook savings acct? Not much I'd venture to guess. Although with this market, I wish I'd walked away in 2001 and put all my money in a 1% savings acct.

To: Elroy who wrote (67627)	4/14/2005 7:12:03 PM
From: RetiredNow	Respond to of 77400

That low savings rate is exactly why the rich/poor divide is growing. The lower middle class and poor are spending everything and racking up debt. The upper middle class and rich save a ton of money. The dichotomy is a problem encouraged by the permisive lending environment out there. But the market will correct. The lenders will get burned. BTW, I'm like you. We save more than 50% of our gross income. I don't see it as a luxury. I see it as a necessity to plan to retire without counting on social security, since the Democrats are blocking any reform in that area.