Saturday, April 09, 2005

What's in a Savings Rate?

"The Answer Desk" at discusses Americans' oft-quoted "savings rate" and why government-research methodologies make it look so abysmal:

MSNBC: "Saving Too Little?"

So maybe the Commerce Department should stop calling it the "savings rate," and perhaps refer to it as the "after-tax, non-disposed, accidentally forgot to spend this money" rate.

We really should come up with better ways to measure and document these things, don't you think?

(FWIW, I still think your average Joe & Jane Sixpack overspend on a monthly basis.)

— Posted by Michael @ 1:32 AM

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Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]


Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]