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 April 05, 2007

Home Appreciation Not Counted by American's Savings
When Uncle Sam measures American's Savings he doesn't count Home Appreciation. The author of a new book on investing: The Only three Questions That Count, Ken Fisher, of Forbes Magazine states that the value of being a home owner is not factored in to the way savings are measured in the United States.
Fisher has pointed out that most Americans tend to build their wealth through the purchasing of a home and then watching it appreciate in value. Therefore he believes that the U.S. savings rate statistics are incorrect.

If 401(k), capital gains and home ownership are all factored in (currently these three factors are not) the American savings rate would actually come in at 23%.

Fisher believes that Americans are indeed the biggest and most productive savers in the world.

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