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Cancel the Order of Sackcloth and Ashes
Bart Hinkle
February 02, 2007 3:38 PM

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Investor’s Business Daily offers a reassuring corrective to the latest assertion that, as a group, Americans are money-burning, savings-hating, future-mortgaging bums.

Those analyses of the nation’s ostensibly miserable savings rate fail to take into account both 401(k)s and mortgage payments. That’s like saying Americans don’t eat enough but forgetting to factor in lunch and dinner.

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