Tuesday, March 14, 2006
Savings Rates
Couldn't different savings rates be right for different groups of people?
It seems that as the baby boomers retire, their savings rates will decline, and drive this measurement to irrelevance....
It seems that as the baby boomers retire, their savings rates will decline, and drive this measurement to irrelevance....
In this article by Ellen Simon "Economists at Odds Over Savings Rates" on Yahoo! News, she writes:
"Now that America's savings rate has been negative for an entire year, a first since the Great Depression, the question is whether we're a spendthrift nation on its way to the poor house or whether we're looking at the wrong numbers when we calculate savings."
