I love to see the conventional wisdom smashed. Who knew they didn’t consider 401(k) savings plans to be savings?

Counting home ownership as well as capital gains and 401(k) retirement plans, two other vehicles that are also not part of the savings calculations, Americans have a 23 percent savings rate, Fisher contends.

Americans are really the world’s biggest and most productive savers,” he says.

Don’t expect this “good news” to get much press so you should be able to amaze people at parties for years with this tidbit.