In a message dated 8/12/02 2:42:47 PM, [EMAIL PROTECTED] writes:
<< William Dickens wrote: > Gale and Sabelhaus do not answer the question that you ask but they do look at the question of whether savings rates are low if we define savings as change in wealth rather than income minus consumption. They conclude that were (at least at the time of the article) extremely high. They conclude that savings rates were extremely high? >> Their conclusion fits with what I remember from the 1980s about savings rates once one included home owners' equity. DBL
