Still Saving

" Price is still rising but people still saving fidelity a big investment house saying that workers are actually bumping up their 41 K contributions despite the high fuel and food prices. The state grant you surprised. His radio show you can also see -- fox business network every night at 8 PM eastern we call them -- Elvis. Local legal analyst Steve that what happened careless Elvis plays didn't get that this kind of surprised me because he goes against all this view that where. You know were really run out of money whereas we're pulling money from for a one -- from mutual funds just to support our life what's happen."

" You know credit card that's going up to support our houses everything's falling apart the -- coming and it does go against that. Honestly I would have been I would've been surprised had gone down a little. Just because I think a lot of people believe all the negative type in the media about the economy and I think they've taken some action based on that. But this study actually saying that people have increased the amount that they're saving slightly but they've increased it. However it's got interesting there was a Harris poll says that that people's investing is down. In the USA today the thousands sample size of 1100 people this fidelity and survey is real because it's 16000. Actual retirement accounts that they went through and they actually unplugged. But the numbers are all the numbers from that what people are really doing not what they say they're doing in a survey. And that's a big difference."

" Now I don't want to be jaded about it but for a one K money is a little bit harder to tap -- you can do you big loans against seeds are gonna -- all the time. But it's it's not a walk in the park and it's a bit of a mission to do so it could be just. Parts of this you that it obtained an active issue."

" it is hard to get your money out of a 41 K so people. It is hard to jump in and out well I start investing in stop investing with a wrist or rules are only allowed to do that four times a year. And that kind of thing and so. You know it's -- it's inconvenient to start and stop so it may not be a reflector people may have attack other savings if they're struggling before they get to this one. But it does say that we're not right to the -- about the fall off -- cliff and broke."

" I materials what you don't do as -- your power young man that. We have now be combination of cheap skates and I started yes and we used to spend like crazy. And now we're all getting to be like you all and ordering learn to understand us today can wear it. You know it's it's a lonely world for me right now and I listen so they're all going to be as wealthy as you gonna happen. -- really think that's going on that it's a lifestyle thing you hear this talk about cocooning we're kind of reassessing how much we pour into things he used to be expensive toys --"

" Well I think there's a little bit of that some simplistic person simplify movement that's happening. In our lives and I think that's a good thing building that you could still I guess it's supposition I'm guessing but you could say hey the people that are investing in the 41 K. They're already the savers. They're the late least likely of our population to panic that's a good point. That's a good hands so they're they're you know that they're not the ones living on the edge and so they're not going to fall off the cliff is easy. And they do see when the stock market goes down that it's on sale it's a good time to get -- and so. And that's supposition -- it's a reasonable common sense ops --"

" Nation you're always so calm and reassuring my friend thank you always good having Dave Ramsey when."