Originally posted by gokenin
So just out of curiosity what are you advocating? That one not work? that one work but not enjoy the fruits of the work? that one should work and only save their money? I will admit that before the recent crash of 2008 I was one of the paycheck to paycheck people but after the crash and after paying off the car loan I find myself saving money now. The problem is that the crash I think has made people too skittish about spending I know I debate buying decisions for days now before committing and I don't think that kind of mentality is good for the economy either. that's just my two cents
Funny, that should be a good thing, unfortunately that is part of the problem. You, like millions of others, have done it a@@ backwards......
Second problem is social......... stagnated wages for decades, more expensive "stuff" including "durable goods" and a culture of "selling"........ see how the other half (which is more like the other 20%) lives so to speak.
When what you can save is a pittance compared to what you need to save it becomes "disincentive" to save.. Whats left after the bills/taxes/insurance.. and the little it looked at at not worth saving. so spend it on a "luxury" to make you feel better.... When there seems like nothing to save for what's the point.
Many now need 2 wage earners just to "break even". In case you haven't noticed our "standard of living" has decreased yet our toys have increased..
Care to guess what would happen to the whole economy if EVERYONE went on a buying strike?
Sad......
---------- Post added 07-06-10 at 03:10 PM ----------
Originally posted by Parallax
It's the spending what you haven't yet earned that causes the problems.
Yet fuels the economy.. face it the "powers that be" don't want you to do this, not one bit.. Wonderful words but economic suicide..