So we're starting to pay for things with money that we have.

Jim has a lot of our nest egg invested in this real estate venture.

(Laughter)

And in the mean time, personal savings absolutely plummeted.

Big investors.

Manage your finances, accounts, and investments

And what we looked at was whether the number of fund offerings available in a retirement savings plan, the 401(k) plan, does that affect people's likelihood to save more for tomorrow.

Shows what I know.

What we're seeing is an uptake in the savings rate.

Savings bonds.

Your finances,your investments,your bank accounts anything you have hidden,she'll find it.

They're savings bonds.

It's not just numbers on a piece of paper.

And it's very important to realize that investment and savings are really two sides of the same coin.

Maybe I didn't put enough money in the joint account.

They write these research reports because they want to go to institutional investors or people who have their brokerage accounts with these banks, and essentially sell them stock.

Whenever someone's investing, that's someone else's savings.

CA And now you're a big investor in that and bringing that to market?

A 1 0 U.S. Savings Bond.

Maybe thinking that they were saving, as their home equity in their house grew, or as their stock market portfolio went up.

Before we let the clock run, the energy is stored as gravitational potential energy of the cylinders.

Accrued interest will be paid into your account.

This is something I call the 50 20 paradox.

What's this building?

Save your dollars bills, yo!

He's given a control that allows him to adjust his savings rate.

So this is a timely problem.

The amount of money you get.

By investing wisely, she accumulated a fortune.

She accumulated a fortune by investing wisely.

And what I'm going to talk about today is Save More Tomorrow.

If you don't save even a little bit, your output will actually decrease, because no one will invest in factories and the factories will get old and the roads will stop being usable and all the rest.

It's not even sustainable economically.

And slowly, slowly we're bringing it up to a moderate savings rate.

By using this tool over and over and simulating outcome after outcome, people can understand that the investments and savings that they undertake today determine their well being in the future.

Holding down the right flank of the OECD, all the way on the other side, is Greece.

check account

There was nothing to buy, unless you wanted to buy some rivets. Right?

Because I kind of view that as a reference point.

Until we get to this point right here, where everything starts blowing up.

Let me just put it into my mattress.

Well, think about smoking, for example.

I still have some money saved! I'm prepared for hard times.

A high savings rate is cited as one factor for Japan's strong economic growth because it means the availability of abundant investment capital.

Investment