Quote:
|
Originally Posted by Ustwo
Savings rate has nothing to do with it. As for the numbers, there was a post in the general board, and then one here where host was using a source that didn't support him, claiming it supported him, which flat out stated that while there are different costs the amount of disposable income was the same.
I'm to lazy to dredge them up right now.
|
Savings rates have nothing to to do with it? That's like saying unemployment and under employment are not an issue. The number of people with little or no savings is a major issue, IMO. People living with a safety gap of one or two paychecks are increasing. I'd venture to guess the number of people without any financial safety net is pretty high. The cause of this can be debated. Over spending, living above your means via easily obtainable credit, raising cost of basic living, wages not keeping pace with inflation, any or all of these could be factors. I'm sure others could come up with factors I've haven't mentioned. But when people have an issue, say health reasons or job loss, and their personal safety net is wiped out it's a major problem. What do people do when the saving they do have are gone and the amount coming in does not equal the amount going out?
I'd say saving rates are an issue.