The un-American savings rate: Americans savings rate heads to a record low. Americans saving about 2 percent per year and the near extinct pension.
In economics there is what they call the paradox of thrift which is. The more money you save the less you save.. It goes like this.. If everyone started to save more they be buying less. Buying les mean you produce less which means layoffs which means people with no job living off there savings
The paradox of thrift is a scenario. And probably appropriate for an age group, such as those of 40 with children (take your pick).
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