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 money instead of spending or investing tends to inhibit the economy, but so does spending so recklessly that you are left unprepared for bad situations.
When you lose your house and subsequently job because you couldn’t afford repairs, the economy suffers more than it does if you sit on your money.
You can also save two ways. You can either invest, potentially growing the economy, or sit on your money in a liquid state. Investing grows the economy in a less direct way, encouraging growth instead of directly going into the pockets of workers.
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