I know a balance is needed. But it’s always stressed how you need to save. Isn’t saving taking away from someone else though? Isn’t spending in many cases giving a working class person a job? If you eat out, buy clothes, get a massage even go to a casino, people are getting paid to do those jobs. If everyone saved then what?
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Saving is usually stressed because there are a lot of people who don’t have much in savings and many of them are in debt. Savings isn’t stressed as much for those who are already well off unless it’s aimed at younger people to get them to develop a habit of saving.
If you only save and don’t spend, will you enjoy your life and your savings / wealth? If you only spend and don’t save, will you have enough for a rainy day or for when your income stops but your spending doesn’t? It depends on each person’s individual situation.
If a lot of people save, that saved money will end up in banks and those banks will then lend out that money to people and businesses to spend and invest which in turn can also create jobs.
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