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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (3654)	5/17/1998 5:44:00 PM
From: Zeev Hed	Respond to of 9980

Stitch, I actually advanced this theory on these threads, but could not get any numbers either. Furthermore, in the US ownership of "personal use" real estate is much more prevalent than in Japan where a large majority still rent "miniature" apartments. This provide another hidden saving avenue (mortgage payments). Finally, the use of life insurance in the US is more wide spread than in Japan, and to the extent that these policies are "whole life" these are actually "saving vehicles" not counted in our own saving rate. Zeev

To: Stitch who wrote (3654)	5/17/1998 11:40:00 PM
From: Gary Strike	Respond to of 9980

Still keeping one eye half-cocked open on Korea and MAKOX.

To: Stitch who wrote (3654)	5/18/1998 12:01:00 AM
From: k.ramesh	Respond to of 9980

I think you are right, This low US savings rate is probably propaganda generated by Fidelity Vanguard and the like, they ,like the insurance companies need scare tactics to round up more $$. You have to add insurance, pension, social security and also make adjustments for the median age in each country to get anywhere resonable. And the wealth in real estate has to be somehow normalized so that a collective localized mania is not mistaken for real wealth, though I have trouble defining it. If you really want to get foggy, you have to make allowances for how much responsibility the younger generation takes for supporting seniors, I mean the un monetized part. It is one thing to have an avg of 170k per household in savings but quite another if you have to pay you sons and daughters $5 to tell the time and $10 to help you cross the street.