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What Americans need is more emphasis on creating and sticking to budgets, recognizing true needs versus wants, and how to save. Investing can come later after t
by Shivetya 8y ago
What Americans need is more emphasis on creating and sticking to budgets, recognizing true needs versus wants, and how to save. Investing can come later after the budget which includes some attempt at savings.
Many people who enter a program to learn how to budget quickly learn how all the monthly bills in their life add up quickly to consume their income. Examples are spending too much on cell and internet service plans, too many subscriber entertainment services, gym memberships, eating out wastefully, and more. Even the knowledge the buying a car with a term over 42 months is too much car is important to know.
Yes there are some in society who truly are at limits but we have to follow a different means to get them back to functional levels. It still benefits them immensely to learn strict budgeting that they can take forward when their income stabilizes.
- lsiebert 8y agoOkay, this is a post about how wages haven't gone up, not about how bad americans are at budgeting. American's haven't suddenly gotten bad at budgeting, real wages have been stagnant as the cost of many things, like college for their kids, new homes, etc, have gone up significantly. Where is your post about how million dollar CEOs need to cut their executive pay budgets, stop paying for new yachts, and pay their workers a higher share of profits instead of taking higher pay, in order to encourage the economy? Why is it the people who have the least who have to tighten their belts?
- s73v3r_ 8y agoIf you think that the source of the problem is people wasting money on other things, then you don't have a sufficient grasp on the problem to be able to issue that kind of advice.