Are Penny Pinchers The Cause of Our Economical Breakdown?
by Are penny pinchers the cause of our economy? Is your saving helping or hurting our economy?
Is saving helping or hurting our economy? I’ve been hearing some conflicting viewpoints and I just wanted to share them with you.
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Sometimes I hear news casters blabbering about people being afraid to spend money. Is that what’s causing our market’s steep tumble into the murky waters of financial disaster? They seem to think that if people weren’t afraid anymore the economy would improve drastically. I just don’t understand why they think people going back to old evils, such as maxing out their credit cards unnecessarily, is a good thing. Wouldn’t that push our teetering economy back over the edge?
At the same time, other news stations are giving tips on how to conserve your money. There are thousands of different plans to save money flying around. Saving money seems like a smart choice with little to no negative impact on others.
If you assume that the first paragraph is correct.. is the second counterproductive?
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Post Commentagriculi
On August 15, 2009 at 9:08 am
I thinks it’s good to do both and shop around. Don’t just accept a price.
S.Rubeck
On August 15, 2009 at 12:03 pm
I would pinch my pennies…if I had any to pinch
However, I do try to find the very best prices on everything from groceries to the big stuff.
Marie Milton
On August 15, 2009 at 12:44 pm
Thanks for sharing Babyface : ) nice article.
Stephen J. Ardent
On August 15, 2009 at 7:47 pm
I think people are pinching their pennies because they have no faith in our leadership to solve the problem. The fact that our leadership thinks more government intrusion is the answer doesn’t sit well with a lot of people. That and the anti-rich sentiment being encouraged in people.
S A JOHNSON
On September 1, 2009 at 10:10 pm
I think that people not spending is a part of it but I think an even bigger part is the fact that regardless of what the unemployment agencies say, there are tons of people unemployed and the few people who still have jobs are doing their best to conserve in fear of losing their jobs.
If more people had jobs and weren’t afraid of losing them then I’m sure people would be spending more but you can’t spend what you don’t have and if you do, it will mean trouble for you in the end.
Jane Jane
On September 10, 2009 at 9:54 am
I guess we should spend our money wisely.=)
stooge38
On September 19, 2009 at 5:24 pm
Its pretty true. Always try to find a cheaper price