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Old 07-19-2008, 10:26 AM
 
Location: Chino, CA
1,458 posts, read 3,008,312 times
Reputation: 553

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I wanted to check up on how well we're doing in the Savings department, since savings will help out for future growth.... according to the Exogenous Growth Model (Solow Model).

Exogenous growth model - Wikipedia, the free encyclopedia

http://upload.wikimedia.org/wikipedia/en/b/ba/Solow_growth_model2.png (broken link)

So here is what I've seen:



And from the FDIC the amount of insured deposits from commercial and savings institutions:
http://www4.fdic.gov/SOD/pdf/ddep_2007.pdf (broken link)

Not sure where to find information on none insured/brokerage deposits.

It looks like we have been saving... not sure if it's just the upper crust, but as a whole we have been putting money in the bank... which should bode well for future growth.

-chuck22b
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Old 07-19-2008, 12:00 PM
 
Location: Raleigh, NC
9,043 posts, read 11,828,817 times
Reputation: 1394
Quote:
Originally Posted by chuck22b View Post
I wanted to check up on how well we're doing in the Savings department, since savings will help out for future growth.... according to the Exogenous Growth Model (Solow Model).

Exogenous growth model - Wikipedia, the free encyclopedia

http://upload.wikimedia.org/wikipedia/en/b/ba/Solow_growth_model2.png (broken link)

So here is what I've seen:



And from the FDIC the amount of insured deposits from commercial and savings institutions:
http://www4.fdic.gov/SOD/pdf/ddep_2007.pdf (broken link)

Not sure where to find information on none insured/brokerage deposits.

It looks like we have been saving... not sure if it's just the upper crust, but as a whole we have been putting money in the bank... which should bode well for future growth.

-chuck22b
Yes, 1-2% savings rate sure does compare well with China's 30-50%.

Like it or not, you will be respecting your new economic superior across the pacific.
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Old 07-19-2008, 12:04 PM
 
Location: Great State of Texas
86,068 posts, read 74,807,300 times
Reputation: 27602
Increasing your savings is easy to do as long as you don't increase the amount of toys you have with your raises. Forget that you got a raise and instead bank that money. If you never had it to begin with then you won't miss it.

In some cases that raise is sorely needed but in other cases it's just spent on consumer items or upgrading what you currently have.
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