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

Because they are all owned by people who want you to spend money. consumer spending is the lifeblood of the American economy and when you stop spending, the American economy takes a hit, at least the way it exists today.

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