posted on Jul, 30 2012 @ 09:21 PM
The complete opposite of what you said is correct.
Originally posted by WarJohn
There is nothing to spend money on anymore.
People got all that they need/want.
And this is why the economy is really bad.
People are saving too much money, and that's the problem.
What do you think of this?
There is so much more to spend money on, new technology, iphones, ipads, gagets, cars etc.
Most people don't have what they want, people are starving, can't pay their bills, losing their homes.
Economy would be good if people saved more, but everyone is in debt and that's a problem
People are not saving enough, they depend too much on credit, which created a credit bubble. There is more college debt than all the credit card debt
combined. How are young adults supposed to start their life when they already have a mortgage (college loan) but not house, on top of that can't get
Most people are in a rat race and can't get out.