Way to go America!!

[killersheep]

Good news looks like Americans are starting to get it again. We now have the highest savings rate we've had in the last 15 years!!

While this is bad for stimulus it's great for the common man to have a little safety net AND by keeping that money from going back into circulation it will help stem the tide of inflation.

I've been preaching the gospel of rainy day funds for all that would listen and now I'm getting my wish.

Kind of ironic isn't it? The more effort you put into building your safety net, the greater the chance is you're going to need it.

I'd rather have it and need it than leave everything to chance.

[CGM]

Good news looks like Americans are starting to get it again. We now have the highest savings rate we've had in the last 15 years!!

While this is bad for stimulus it's great for the common man to have a little safety net AND by keeping that money from going back into circulation it will help stem the tide of inflation.

I've been preaching the gospel of rainy day funds for all that would listen and now I'm getting my wish.

Kind of ironic isn't it? The more effort you put into building your safety net, the greater the chance is you're going to need it.

I'd rather have it and need it than leave everything to chance.

Well yeah, me too, I was just pointing out the paradox. Like most paradoxes, there's no good solution. Anyways, it's no secret that consumer confidence is one of the bog unknowns in trying to navigate an economic recovery.

[killersheep]

Kind of ironic isn't it? The more effort you put into building your safety net, the greater the chance is you're going to need it.

I'd rather have it and need it than leave everything to chance.

Well yeah, me too, I was just pointing out the paradox. Like most paradoxes, there's no good solution. Anyways, it's no secret that consumer confidence is one of the bog unknowns in trying to navigate an economic recovery.

I agree it is interesting though, what is good for the individual is rarely good for the economy as a whole.

[CGM]

I'd rather have it and need it than leave everything to chance.

Well yeah, me too, I was just pointing out the paradox. Like most paradoxes, there's no good solution. Anyways, it's no secret that consumer confidence is one of the bog unknowns in trying to navigate an economic recovery.

I agree it is interesting though, what is good for the individual is rarely good for the economy as a whole.

hmm. there's an interesting topic for debate. Have you ever read much by Ayn Rand? In particular her book The Fountainhead, in which the primary premise is that the economy as a whole is best served by everyone acting in his/her own best interest? (Maximizing their own utility). IMO she takes things a little too far, but there is a lot in what she says. In general I support capitalist principals and self interest as being in the best interest of the economy as a whole, but it isn't quite that simple, and I'm not sure how savings fits into all that.

[killersheep]

Well yeah, me too, I was just pointing out the paradox. Like most paradoxes, there's no good solution. Anyways, it's no secret that consumer confidence is one of the bog unknowns in trying to navigate an economic recovery.

I agree it is interesting though, what is good for the individual is rarely good for the economy as a whole.

hmm. there's an interesting topic for debate. Have you ever read much by Ayn Rand? In particular her book The Fountainhead, in which the primary premise is that the economy as a whole is best served by everyone acting in his/her own best interest? (Maximizing their own utility). IMO she takes things a little too far, but there is a lot in what she says. In general I support capitalist principals and self interest as being in the best interest of the economy as a whole, but it isn't quite that simple, and I'm not sure how savings fits into all that.

Haven't made the plunge into the Ayn Rand books yet. I'm reading The Baroque Cycle right now, that will keep me busy for a while.

I don't agree with the everyone acting in their own self interest provides for the best in society. For one thing, there are a lot of fundamental jobs that wouldn't be performed, who WANTS to work at the dump?

[Drago]

I agree it is interesting though, what is good for the individual is rarely good for the economy as a whole.

hmm. there's an interesting topic for debate. Have you ever read much by Ayn Rand? In particular her book The Fountainhead, in which the primary premise is that the economy as a whole is best served by everyone acting in his/her own best interest? (Maximizing their own utility). IMO she takes things a little too far, but there is a lot in what she says. In general I support capitalist principals and self interest as being in the best interest of the economy as a whole, but it isn't quite that simple, and I'm not sure how savings fits into all that.

Haven't made the plunge into the Ayn Rand books yet. I'm reading The Baroque Cycle right now, that will keep me busy for a while.

I don't agree with the everyone acting in their own self interest provides for the best in society. For one thing, there are a lot of fundamental jobs that wouldn't be performed, who WANTS to work at the dump?

i habe taken a year off work to look after my daughters while my wife has returned back to work & after looking after a two & half yr old I can say that working at the dump sounds a hundred times better & 100 times less stressfull

[Gandalf]

People should always looking to put away some money every month. There is no excuse for living beyond limits IMO. I have to listen to boring family members all the time talking about how they have no money and it's boring. They talk about kids birthdays and how they are going to buy new phones and pay the kiddies bills and wonder why they have no money. Spend, spend, spend and no consideration of what the future might hold. They just don't get it! They all have things I don't have such as cars, children, Amir Khan fights on PPV, weekends away, 3/4 bedroom houses etc etc.

And there is boring old me studying until nearly 30 and delaying having kids just because I want to live a life with a modicum of planning, consideration and opportunity. Not quite America I am talking about but a lot of similarities between the US and the UK.

[El Kabong]

Save up all that money, once we get Cap and Trade we'll need it

[killersheep]

Save up all that money, once we get Cap and Trade we'll need it

Reliable Lyle, the eternal pessimist, can turn any thread with positive intentions into a political squabble.

Regardless people should be saving anyway, doesn't matter the circumstances.

[boozeboxer]

Save up all that money, once we get Cap and Trade we'll need it

Reliable Lyle, the eternal pessimist, can turn any thread with positive intentions into a political squabble.

Regardless people should be saving anyway, doesn't matter the circumstances.

I agree with Lyle on this one. Cap and trade for us or Australia is pretty fucking stupid to get involved with. And I am an environmentalist.

Just dont have fucking kids. That is my simple solution. Cut the population by 70% and we have instant greenhouse reduction.

[1-hit Wonder]

If your interested in Ayn Rand have a play of bioshock (yes a game). The whole game is basically a critique of her works. Very interesting, particularly if your interested in the political philosophy of it.

[OumaFan]

Saving reminds me too much of my Dad. Not that I hate my dad but still. I just can't do it.

Not that I use credit cards much or anything but I've never been a rainy day person.

[killersheep]

Saving reminds me too much of my Dad. Not that I hate my dad but still. I just can't do it.

Not that I use credit cards much or anything but I've never been a rainy day person.

You should bro, even if it's just 5 bucks a week. It adds up, and life has a way of punishing those that don't save.

Not trying to get on you too much, but there is no reason not to save.