Do you believe that saving is beneficial to you and the economy?

Answer 1

Generally, the economy benifits from spending more than saving.

Due to central banking manipulations (they are private enterprises for profit including the Federal Reserve and the Bank of England) and government mismanagement, currency generally shrinks in value over time. I think saving is the best choice for the individual but I'd save in something other than cash. Stocks, real estate, etc...

Answer 2

Of course! National savings equals investment in the economy. Savings is the supply for loanable funds, without savings there can be no loans. Without loans investment will decrease, as instead of paying the costs of investment (which is usually expensive) at intervals one must pay it in full at once. Investment is one of the most important factors in determining long-term economic growth, so savings is integral to the economic, financial and social wellbeing of any nation.

Answer 3

It has costs and benefits. It is up to each person to decide to themselves. I like to have some savings to help me out if things go bad in the future; others prefer to live today and worry about problems when they happen.

Economy-wide, a bit of savings is good to keep investing into the new technologies. But in case of US, a lot of investment comes from other countries, so US consumers do not need to save so much.

Answer 4

To much debt is everybody's problem these days, if everybody had a smaller debt load the economy would soon fix itself!