I'd like all investment advisors to be required to disclose where they get their money. The US has a reputation of being the land of bad savers, unlike the Japanese, yet mutual funds seem to be flooded with new money. Baby boomers are investing more. You buy financial security. Some economists worry that our low savings rate will have a bad effect on our economy, but there's an irony here.
Japan has fabulous savers and their economy has been in the pits for years.
The savings rate isn't everything. Everybody gets fixed on America's savings rate and we've had a terrific economy for a long time with a low savings level. But still there are people who haven't yet saved a dime toward their retirement. You can get married on nothing, you can have children on nothing, you can live on love, but when you're old, bring money. You have money in your old age because you spent somewhat less money when you were younger.