The Other Tax Bill
.*
PERIODICALS
Persona! Saving The Real Estate Effect
AS Percent Of Income
20
1 Adjusted
/ 1
0
I I I
I 1
I
I
I
1950
1960
1970
1980
1985
Source: U.S. Bureau of Economic Analysis
Official statistics show an alarming decline in personal saving since the early 1970s. But mak- ing an adjustment for rising returns to horne- owners produces a different story.
their nest eggs thus...