The World's Only Negative Personal Savings Rate

 

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The only industrialized nation in the world with a negative Personal Savings rate is the US.

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The Bureau of Economic Analysis notes that Personal Savings in February 1999 were a negative $33 billion.

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Even with this low savings rate, the federal government transferred more than $430 billion directly from men to women through the IRS with "tax credits".

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Three quarters of American women believe "statistics mean nothing, I mean absolutely nothing" yet women constitute 11% more of the vote than men.

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Gross Savings as a Percent of GDP in 14 Countries decrease 1% for each 5 point decrease in TIMSS Scores.

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Restoring Personal Savings requires the replacement of feminism with arete, the banning of public education and the restoration of this Christian nation.

The most distinguishing feature of a graph of TIMSS scores vs. savings rates around the world is the fact that the nations for which data is available all have both higher TIMSS scores and higher rates of savings than the US and England. The European nations, Australia, and New Zealand have TIMSS scores roughly 40 points higher and rates of savings roughly 6% higher. Switzerland is at the high end of the European nations,

 Savings vs TIMSS Scores

with a TIMSS score 45 points higher and a rate of savings 12% higher. Japan, Korea, and Hong Kong are further up the scale, with TIMSS scores 100 points higher and rates of savings 19% higher. At the top of the scale is Singapore, with a TIMSS score 143 points higher and a rate of savings 36% higher.The linearity of this relationship suggests that savings rates are strongly influenced by math skills, or that higher savings rates provide the opportunity to educate children more effectively, or a combination of both. Regardless of which is the predominant relationship, it is strong evidence that an aggressive program to increase math education quality in the US today has immense long term benefits tomorrow. A 1% increase in the rate of savings as a percent of GDP in the US would put $70 billion more per year into savings. An increase in the rate of savings to a level equivalent to Singapore would put $2,520 billion more per year into savings.Discussions about savings rates with American students confirm this relationship. They also confirm that the low TIMSS scores do accurately reflect their significantly impaired math skills today. Their propensity to save could not be increased very much without completely restoring their competency in math. That cannot be done until teachers are tested for math competency before they are hired. That requires paying math teachers significantly more than current pay scales. That requires repealing the "Equal Pay Act"."Arete" is the Greek word for what needs to be done about math education--we must strive to put quality back into education. That requires hiring the very best math educators possible.

The correlation of savings to scores (r-squared = 0.7868) is higher than the correlation of boys' 12th grade scores to boys' 8th grade scores (r-squared = 0.6932), and even higher than the correlation of girls' 8th grade to 12th grade scores (r-squared = 0.5186).

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bulletTIMSS Scores Crosslinked
bulletBottomline
bulletOriginal graph at http://www.pathfinder.com/asiaweek/98/0123/bottom.html  

 

A=Country
B=Savings as % of GDP
C=12th Grade TIMSS Score
D=Feminism Taught in Schools
A
B
C
D
Singapore
51%
643
no
Malaysia
41%

no
China
40%
647
no
SouthKorea
37%
607
no
Indonesia
37%

no
Thailand
36%

no
Bhutan
36%

no
HongKong
35%
588
no
Brunei
35%

no
Russia
32%
548
no
Japan
31%
605
no
SaudiArabia
30%

no
Macau
28%

no
P.N.Guinea
28%

no
India
28%

no
Switzerland
27%
547
no
NewZealand
26%
508
no
Taiwan
25%

no
Germany
23%
487
no
Italy
22%
480
no
France
21%
544
no
Canada
21%
499
Yes
Brazil
21%

Yes
Kenya
21%

Yes
Nigeria
20%

Yes
Turkey
20%

Yes
Mexico
19%

Yes
Vietnam
16%

Yes
Philippines
16%

Yes
SriLanka
16%

Yes
Britain
15%
506
Yes
U.S.
15%
424
Yes
Mongolia
14%

Yes
Fiji
13%

Yes
Pakistan
12%

Yes
Maldives
11%

Yes
Nepal
11%

Yes
Myanmar
11%

Yes
Afghanistan
10%

Yes
Bangladesh
8%

Yes
Egypt
7%

Yes
Cambodia
6%

Yes
Laos
4%

Yes