2 ms·
People who were born or grew up in the Great Depression were extremely thrifty. As bad as the recession was, a nice silver lining will be more people who aren'
by danielweber 13y ago
People who were born or grew up in the Great Depression were extremely thrifty. As bad as the recession was, a nice silver lining will be more people who aren't borrowed to the hilt.
- Fomite 13y agoPulling out of the market is troubling though. There's some evidence that younger generations are currently saving enough, but are doing so in low yield instruments. With interest rates like they are, it's impossible to just save enough for retirement. You need that saving to be growing at a reasonably steady clip.
- gaius 13y agoIndeed. Compound interest doesn't help if inflation is compounding faster!