According to the recent survey by the department of commerce,Americans are not saving their after tax Income.Since national saving rate depends on the cash and not any other assets,it could be inaccurate, as many americans are nowadays believe in planning their retiremnet by investing or owing properties in booming real estate market rather than saving money in bank.Though americans are becoming vigilant about the prevailing conditions, national saving rate figures cannot be disregarded.Because of the continous decrease in the savings rate and a trends of spending before earning by younger generation can lead to the crisis in future.So, according to her,American should save for their retirment instead on depending on the future value of thier property(homes),as government is not going to help
2007-01-27
07:44:43
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8 answers
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asked by
inks p
1