Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
Bank account statement just look like I'm ready for early retirement
I realize what it means to be financially comfortable, and I want to be that. But I'm lucky enough to be in that position. And I'm also careful. I save 38 percent of my earnings after expenses, before taxes.
When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.
With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending.
There are real impacts from lowering tax rates, encouraging savings.
With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.
I have long been a critic of Social Security, basically because I believe that it is not the business of government to tell people what fraction of their incomes they should devote to providing for their own or someone else's old age.
It is the rate of investment which governs the rate of saving, and not vice versa.
Between stagnant wages and the cost of everything going up - particularly health care and college tuition - people have less money to save and less money to spend.
The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.
So I think we shouldn't be overly concerned about the decline in personal saving at this particular moment and time, but it's something we certainly need to keep an eye on.
If a woman is making $85,000 a year, putting aside 20% of her income, putting it in a bank, earning very little...Over the course of her life vs. investing, this can cost her $1.5 million, $2 million, $2.5 million. Life changing amounts.
Inequality, he argued, is necessary to generate the savings that growth requires.
Whatever your income level is, save as much as you can - up to 20 percent, but more if you can - and invest it. Put that into an IRA; put that into a brokerage account.
People say, 'Well you know the economy's bad, so China consumption will be low. No, totally different. You Americans love to spend tomorrow's money, and other people's money maybe... We Chinese love to save money.
China saves too much, produces too much, sells too much to Americans and consumes too little.
Focus on all four of your net worth factors: increasing your income, increasing your savings, increasing your investment returns, and decreasing your cost of living by simplifying your lifestyle.
The savings rate in Italy is high, but the markets do not trust Italy even though it's the third largest economy in the European Union and the eighth in the world.
What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
In a typical 401k plan, when you first become eligible you get a big pile of forms and you're told, fill out these forms if you want to join. Tell us how much amount you've saved and how you want to invest the money. In, under automatic enrollment you get that same pile of forms but the top page says, if you don't fill out these forms, we're going to enroll you anyway and we're going to enroll you at this saving rate and in these investments.
Americans should be able to enjoy a secure retirement after a lifetime of hard work. But too many Americans reach retirement without enough savings to supplement their Social Security benefits.
I'd like Americans to save their money, and not get taxed on their savings.
