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To: Mohan Marette who wrote (84948)	12/11/1998 3:27:00 PM
From: Lee	Respond to of 176387

Hi Mohan,..Re:.Savings Rate You are correct. I think that they only currently include passbook savings and employer contributions to 401ks. The equity that we have in our homes is not included. And that equity is huge for those who bought 20 or 30 years ago in prime locations and haven't used 2nd mortgages. Also, in a recent TV story on that subject, it was stated that we are saving significantly more than did our parents. It's just not measured correctly. How else could we be doing all this buying without savings? Consumer credit is declining! Regards, Lee