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Average vs Median Household Savings


bernorange

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9 hours ago, Tailgate said:

We spend too much as a country. Materialism is rampant.

Saving is key to long-term security. Ask the Chinese, they’ve been around a lot longer than we have.

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It's not that simple. Spending creates growth and builds wealth for all of society. Materialism is indeed not good, and a particular bugaboo of mine. And we definitely don't save enough. But over saving creates issues of stagnation as well where the money isn't being utilized. It's a balance. Personally, I think the correct way is to spend money on fewer, substantially higher quality items. The fact WalMart exists is a monument to our terribleness.

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