The U.S. savings rate is in the negatives. Also, many other European countries are not faring so well. The only countries that has a high savings rate is Singapore, China, Japan, and South Korea. What is wrong with us? Dont we realize social security and medicare is going to be gone? Are we all ignoring this?
2006-11-12 17:37:54 · 12 answers · asked by Go For Broke 3 in Politics & Government ➔ Government
Simple: Most people can't afford to anymore. Also, it doesn't help that most people are stupid and waste all their money on stupid stuff and then spend the rest of their lives trying to get out of debt.
2006-11-12 19:16:19 · answer #1 · answered by Cardinals = Greatness 6 · 0⤊ 0⤋
Although the Republicans have touted low unemployment rates, the sad truth is that with the economy the way it is, there is little money after paying the monthly bills left to invest in savings. An average US family of four has to have both parents working just to survive. This is the result of the Republican attack on the middle class, and a principle reason why the Republicans lost the last election.
2006-11-13 05:15:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1. There is nothing to save, even for a day eating still not enough.
2. You feel cleverer and can out beat the inflation
3. You believe in God blindly and follow the teaching not to worry anything, since every things are provided by Him.
4. Cultural differences, where most Asian believe not to spend more then their earned, if they want a happy life and not to spend too much on insurance.
2006-11-13 01:53:34 · answer #3 · answered by he he he 2 · 0⤊ 1⤋
Because all money they are spending for ALL kind insurance and ++++ because if you don't have you are will be in the street and now WAR - 3 billion a week who pay it. If you are pay all your life SS and medicare you say to be gone it will be rip-off and more crime. Rent is 1,000.00 - 1,500.00 +++++utility but they pay $ 7 -10 per/h, old houses 500,000.00. We are educated and we know math. But you can't made rod with send.
2006-11-13 02:07:16 · answer #4 · answered by Freesia 5 · 0⤊ 0⤋
Because in our country we have a bunch of incompetent fools that think that think Lucky Charms was the 18th president.
We need to bring back the good 'ol days when we used to beat kids for being little sh*ts
2006-11-13 06:06:31 · answer #5 · answered by Jac R 3 · 0⤊ 0⤋
because the Bush economy is not as rosy as they would like you to believe. "real income" has dropped each year for the past five years. Peoples income is not keeping up with inflation. No one has money left over after paying their bills. People aren't choosing to ignore it, in most cases , they have no choice.
2006-11-13 01:53:41 · answer #6 · answered by truth seeker 7 · 1⤊ 0⤋
Think it's bad now, wait till all the bills from the Iraq war have to be paid. People 50 years from now will be struggling to pay that mess off.
2006-11-13 01:42:53 · answer #7 · answered by mindbender - seeker of truth 5 · 1⤊ 0⤋
Your last question would be a big YES !!!!!
There will be a big meltdown and a stock market crash !!!!!!
We need to get out of debt and save, as our parents did.
credit does nothing but buy more debt, more interest, more Finance charges and more bankruptcies. UH OH !!!!!!!!!!
What then? More $$$$$ to the poor? Hate to break the news libbies, the fact is: There will be MORE poor! Oh, sorry, 4got u wanted that. More votes 4u. Good luck Dems !!!!!!!
2006-11-13 01:52:12 · answer #8 · answered by Oh Tami !! 2 · 1⤊ 1⤋
Americans are spending money rather than depositing in banks unlike in other countries. Maybe, there is really nothing to save as compared to other countries where people have money to deposit.
2006-11-13 01:40:51 · answer #9 · answered by FRAGINAL, JTM 7 · 0⤊ 1⤋
The Asians will one day take over the world if we are not careful...
2006-11-13 01:39:48 · answer #10 · answered by Pooroldpossum 3 · 1⤊ 1⤋