SnPTrader

U.S. Savings Rate To Increase, Finally

BTW, regarding home equity. What equity? How many of you have home equity loans? Goldilocks has more shoes in her house than she has equity.

U.S. Savings Rate To Increase, Finally

locke, as Bearfund mentioned, Social Security is a fund that the government has used to cover other expenditures to such as the war or any expense the government is obligated to pay but it lacks funds because of the lower of revenues (taxes). The government then places its IOS in the fund for later pay back. We have a deficit (period). If you expect SS payments we need taxes to cover its payback otherwise the government will just print money and cause inflation, then your SS will be inflated and worthless if you get any. IRAs and 401Ks are possible savings but home equity look at the present market and true value. We ARE NOT the biggest savers in the world we just want to believe we are as we use credit to wipe out our savings. You can't leverage your future. Go to Vegas if you believe that.

U.S. Savings Rate To Increase, Finally

Bearfund, right on. Frank Rong sounds like Larry Kudlow who believes you can manipulate any figure to be sure that the "Goldilocks" economy is well fed. Americans have forgone savings to continue to bolster an economy and government that has deceived them. We no longer produce most of the goods we use and service, through low paying jobs, America's corporate elite (who by the way stash their money off shore). We continue to make guns however.