Is Home Appreciation Savings?
Gov't Doesn't Count Home Appreciation as SavingsKen Fisher, Forbes magazine columnist and author of a new book on investing, The Only Three Questions That Count, says the official way of measuring savings in the United States doesn’t recognize the value of being a homeowner.
Since most American build wealth by buying a home and watching it appreciate, the statistics that say the U.S. savings rate is negative is wrong, Fisher points out
Counting home ownership as well as capital gains and 401(k) retirement plans, two other vehicles that are also not part of the savings calculations, Americans have a 23 percent savings rate, Fisher contends.
“Americans are really the world’s biggest and most productive savers,” he says.
posted by Mike Young @ 2:31 PM
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