Quote:
Originally Posted by willx
It works in practice. However if everyone saved that much in the U.S. right now, you'd plunge into a worse recession..  |
Alot of finance newsletters are saying that would happen to China because they save too much.
I just follow a simple rule - make sure you know what you are saving for. Don't save for no reason and give the damn bank a reason to lend out your cash with a dubious opportunity of getting it back.
And if you have no reason to save your money for, go hang yourself.