As Americans begin to save more and spend less, the economy begins to worsen and worsen. It seems that even though saving is good for you and me, it can cause a negative effect on the economy.
Unfortunately, because we’re not spending like there’s no tomorrow and we have unlimited credit card limits the savers are becoming a thorn in the side of a national recovery.
Even though writers like Jon Markman write how savers can have a negative impact on the recovery, I still strongly agree that those that finally get “it”, continue to save.
Are we supposed to put our retirement and family’s sake in the governments hands and begin spending again by buying homes we can’t afford, taking out home equity lines of credit that we don’t need and applying for a Macy’s credit card to receive the 20% discount.
I think not.