Eli5: Isn’t spending money good if it ultimately goes to low and middle income people

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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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Anonymous 0 Comments

I don’t think everyone can completely save everything they make. The balance you’re referring to is each individuals tolerance for disposable income.

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