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Although I agree with you, I think Japan's culture has more to do with their savings rate than the "cash money" effect. It's interesting actually that it's pr
by run4yourlives 19y ago
Although I agree with you, I think Japan's culture has more to do with their savings rate than the "cash money" effect.
It's interesting actually that it's probably not that Japanese are conservative about their savings, but that we North Americans are woefully inept with ours!
- gibsonf1 19y agoI would disagree, but with a remarkably small dataset: my experience. Working in cash only completely changes how you think about money. When you buy something expensive, you have to get all that cash together - it definitely makes one pause before doing it unlike a simple swipe of a credit card.