Eli5: Why do most media outlets and fiscal institutions say 15% is the highest recommended savings rate.

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A lot of recent news articles and personal finance books I’ve read all heavily disparage saving more then this, to the point of sounding like propaganda.

In: Economics

4 Answers

Anonymous 0 Comments

all i know is that the money you save, is money you dont spend and if everyone starts to sit on the money the economics go down and the prices go up which causes more people to rather save more money which ends in a downspiral

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