WSJ on wealth

Jordan Hayes jmhayes at
Thu Jan 20 07:34:07 PST 2000

> How do retirement savings change the picture?

Many people in the US have "low savings" because they think -- and I believe rightly -- that they are covered in terms of "having savings" by having retirement savings.

So when people compare the "savings rate" with another country's rate (specifically Japan) they are being disingenuous. You have to ask: why is "high savings" important? Then you have to ask: what's the best way to accomplish this goal?


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