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I'm not sure what economist your listening to that is telling you these things, but I suggest you stop listening to them post haste. You can't simultaneously di
by dlp211 8y ago
I'm not sure what economist your listening to that is telling you these things, but I suggest you stop listening to them post haste. You can't simultaneously discourage investment and increase savings. They are the same thing in economic parlance.
- bcheung 8y agoHow are they the same? Building up savings and paying down your credit cards are the exact opposite of investing. If you have to pay more on your mortgage and credit cards then that's less you can put into the stock market and invest in other things.
- elipsey 8y agoI think "Savings Rate" here is meant in the technical sense, not in the sense of household finances. It's an accounting identity in macroeconomics: https://en.wikipedia.org/wiki/Savings_identity https://en.wikipedia.org/wiki/Savings_identity