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"Chinese consumers aren’t really reaping the full fruits of their labor." If having savings is not a fruit of labor here in the US, we'd do well to emulate tha
by teeja 17y ago
"Chinese consumers aren’t really reaping the full fruits of their labor."
If having savings is not a fruit of labor here in the US, we'd do well to emulate that behavior more. The Depression generation learned that lesson the hard way, and we clearly forgot it.
Part of the reason is that hard-sell marketers here manage to continually create 'needs' where none existed, and 'value' that's abstract in the extreme. I can't fault the Chinese for erring on the side of caution. I can only wonder when we'll remember why the 'fruit' of financial security is one worth treasuring.