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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (32882)9/25/1998 3:29:00 PM
From: Joseph G.  Respond to of 132070
 
<<with respect to the savings computation is the employer 401 k contribution included in the numbers?>>
It's calculated in a macro way net for the whole country: current income less spending. Current spending on borrowed money is a negative contribution. Interest received on money lent is a positive contribution, until they pay no more ...



To: Mike M2 who wrote (32882)9/25/1998 4:29:00 PM
From: MythMan  Read Replies (1) | Respond to of 132070
 
Mike,

401k money is pretax money and thus probably not included in the gross income number Joe mentioned. That means that savings rate is understated by 401k contributions, assuming one thinks they are savings (and I do).

MM



To: Mike M2 who wrote (32882)9/26/1998 5:25:00 AM
From: KENNETH R SANDERS  Read Replies (2) | Respond to of 132070
 
WILL, (since you are a contrarian, maybe you should change your name to WON'T<G>

>>>>>>>Either way the savings rate in the U.S. is
dismal .<<<<<<<<<<<<<<<< There is an old saying.......JESUS SAVES...MOSES INVESTS<G>


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