Quote:
Originally Posted by tripods68
There is also the notion of "fair" reporting practices comparison of various countries. They all adhere to sets of standard requirement of reporting that are publicly available and provable so data made for comparisons are "real" and aren't somehow made up.
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True. I didn't mean to say the data is worthless, just that it really doesn't give a true picture of what people are saving.
I could put $15,500 in my 401K. My wife could do the same. We could also each put $5,000 in our Roths. I could send an extra $500/month to our mortgage. That would be a total of $47,000 in annual savings. My official savings rate, though, would be 0% based on the way it is calculated.