This article was about national savings rate going down. It said that our low savings rate is a primary economic issue. It showed that old people save more than young and our population will be much older and we have less money being circulated.
I think that the percentages of personal savings needs to be a lot higher. People complain about money and prices when part of the time it could be their fault that they didn't save their money wisely. It also says that as we get older, the less we save. This surprises me a little bit. I would think that young, inexperienced people would save less because they don't think long term about finances. I would think that older people would save more because of their financial experience. Everyone needs to me smarter about their saving and spending, including our government.
It's pretty crazy that the percentage of personal savings has decreased so much. People think that the economy won't stop hurting us. Debt is the focus from people. Economy will recover, so people should save money to help.
I think that it is really bad that we are not saving very much money. I definately understand why most people aren't saving though. It makes sense because many people have needs that they need to pay for right away and they don'r really have money to put into a savings account. But it is always a good thing to try to save as much as you possibly can. If you don't save and then have a crisis then you are in an even worse place then when you started out. You need to have savings, because you never know when something will go wrong.
I think that people should be saving more money because the savings rate has decreased from 2-6% since the 1980s. I think part of the reason that savings are going down is because the percent of retired citizens keeps going up. Younger generations today also like to buy a lot of the new technology that comes out today. One thing making it harder to save is the increase in gas and oil prices.
This article was about the national savings rate and how it is going down. It is said that the low savings ratie si the primary economic issue by some people. IT said too that young people save more than the old people do so thats why when there are begging to be more old people in america the savings isnt as good as it once was.
This article is talking about the decline in savings. Some people dont think this is a big deal but others think it is. In the world today, people are hurting for money, they dont have money to just save, the money they make need right away to pay for the nessasary items, but they are also spending on stuff they do not need. I think that savings is a must, you have to have money stored away in case you need it in the future.
well the article was about people not saving money like they used to, people don't feel the need to save because they can go get a loan for nothing, and it is probably scary that people don't save because they should be a little bit more cautious with their money. you never know when you're gonna need the money that you have and maybe someday you won't have a credit account that you could charge things to.
This article talks about how the savings rate is declining in the US, going from 5-7% to 1-3%. This is among the lowest in the world. They think savings will not increase until consumers are incentivized to save through higher interest rates. I think people should be making wiser decisions and start saving their money. You never know when you will need it. Also there are risks of raising interest rates, because then people would stop spending and only save. That could be a problem.
This article is telling us that even if we do save though, the interest is very small so why put it into savings. The point of putting money in savings is for it to grow and it is a safe place for your money. The risk to putting your money in savings is it could possibly loose money because of depreciation.
The article talked about why the savings rate are down. While, everyone could agree upon that the savings rate is down there are a few major factors that have caused that. The percentage of the population over 65 is going to be a 150% of what is was in 2000 in 2020. Old people don't save money. They have saved all the money they need and are now spending it. This will obviously bring down the rate of this because they are not saving any more. Next, the rate that they calculate the savings rate is also a problem. Homes are not calculated into the rate. In 2007 before the recession close to 69% of Americans owned homes. Now it is at about 65%. It is hard to save money when paying for a house. While the article's main point was true that the savings rate has decreased, there are many factors around it.
I think that people need to save alot more than they do. I think people don't realize how much that they will need, and have to save. They need to save more money. Its pretty interesting to see the amoung of savings is decreasing. There could be alot of risks in raising the interest rates. I would have thought that the older people would have saved more. People need to save because they never know what could happen.
I think that the article is saying that personal savings has decreased and I don't think that it is a good thing. I agree with many people believing that it has to do with the economy. It has been affecting many different things. It says that people have been saving less and the recent rate has increased but over time it has decreased. Old people save less so the rate will actually decline over time. I think that we need to really save and convince others to because people never know what they are going to get into. If they have extra money, then they are able to have money if they would ever get to a tough time.
It is much harder to save money when prices are going up. If you can hardly afford to buy what you need, how can you afford to save me. It also suprised me that older people save less than younger people. You would think that people who are older would know that they need to be successful. At the same time though, older people might have been saving their entire lives and could already have saved as much as they feel they need.
The article is about people trying to save money. Actually, it is more about people trying not to save money. People aren't saving money as much as they used to becuase it is so easy to get a loan. It also mentions that young people save more than old people, which is crazy.
This article was about national savings rate going down. It said that our low savings rate is a primary economic issue. It showed that old people save more than young and our population will be much older and we have less money being circulated.
ReplyDeleteI think that the percentages of personal savings needs to be a lot higher. People complain about money and prices when part of the time it could be their fault that they didn't save their money wisely. It also says that as we get older, the less we save. This surprises me a little bit. I would think that young, inexperienced people would save less because they don't think long term about finances. I would think that older people would save more because of their financial experience. Everyone needs to me smarter about their saving and spending, including our government.
ReplyDeleteIt's pretty crazy that the percentage of personal savings has decreased so much. People think that the economy won't stop hurting us. Debt is the focus from people. Economy will recover, so people should save money to help.
ReplyDeleteI think that it is really bad that we are not saving very much money. I definately understand why most people aren't saving though. It makes sense because many people have needs that they need to pay for right away and they don'r really have money to put into a savings account. But it is always a good thing to try to save as much as you possibly can. If you don't save and then have a crisis then you are in an even worse place then when you started out. You need to have savings, because you never know when something will go wrong.
ReplyDeleteI think that people should be saving more money because the savings rate has decreased from 2-6% since the 1980s. I think part of the reason that savings are going down is because the percent of retired citizens keeps going up. Younger generations today also like to buy a lot of the new technology that comes out today. One thing making it harder to save is the increase in gas and oil prices.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIts very scary on how much the savings has decressed from 5-7% down to 1-3%. That it is based on economics.
ReplyDeleteThis article was about the national savings rate and how it is going down. It is said that the low savings ratie si the primary economic issue by some people. IT said too that young people save more than the old people do so thats why when there are begging to be more old people in america the savings isnt as good as it once was.
ReplyDeleteThis article is talking about the decline in savings. Some people dont think this is a big deal but others think it is. In the world today, people are hurting for money, they dont have money to just save, the money they make need right away to pay for the nessasary items, but they are also spending on stuff they do not need. I think that savings is a must, you have to have money stored away in case you need it in the future.
ReplyDeletewell the article was about people not saving money like they used to, people don't feel the need to save because they can go get a loan for nothing, and it is probably scary that people don't save because they should be a little bit more cautious with their money. you never know when you're gonna need the money that you have and maybe someday you won't have a credit account that you could charge things to.
ReplyDeleteThis article talks about how the savings rate is declining in the US, going from 5-7% to 1-3%. This is among the lowest in the world. They think savings will not increase until consumers are incentivized to save through higher interest rates. I think people should be making wiser decisions and start saving their money. You never know when you will need it. Also there are risks of raising interest rates, because then people would stop spending and only save. That could be a problem.
ReplyDeleteThis article is telling us that even if we do save though, the interest is very small so why put it into savings. The point of putting money in savings is for it to grow and it is a safe place for your money. The risk to putting your money in savings is it could possibly loose money because of depreciation.
ReplyDeleteThe article talked about why the savings rate are down. While, everyone could agree upon that the savings rate is down there are a few major factors that have caused that. The percentage of the population over 65 is going to be a 150% of what is was in 2000 in 2020. Old people don't save money. They have saved all the money they need and are now spending it. This will obviously bring down the rate of this because they are not saving any more. Next, the rate that they calculate the savings rate is also a problem. Homes are not calculated into the rate. In 2007 before the recession close to 69% of Americans owned homes. Now it is at about 65%. It is hard to save money when paying for a house. While the article's main point was true that the savings rate has decreased, there are many factors around it.
ReplyDeleteI think that people need to save alot more than they do. I think people don't realize how much that they will need, and have to save. They need to save more money. Its pretty interesting to see the amoung of savings is decreasing. There could be alot of risks in raising the interest rates. I would have thought that the older people would have saved more. People need to save because they never know what could happen.
ReplyDeleteI think that the article is saying that personal savings has decreased and I don't think that it is a good thing. I agree with many people believing that it has to do with the economy. It has been affecting many different things. It says that people have been saving less and the recent rate has increased but over time it has decreased. Old people save less so the rate will actually decline over time. I think that we need to really save and convince others to because people never know what they are going to get into. If they have extra money, then they are able to have money if they would ever get to a tough time.
ReplyDeleteIt is much harder to save money when prices are going up. If you can hardly afford to buy what you need, how can you afford to save me. It also suprised me that older people save less than younger people. You would think that people who are older would know that they need to be successful. At the same time though, older people might have been saving their entire lives and could already have saved as much as they feel they need.
ReplyDeleteThe article is about people trying to save money. Actually, it is more about people trying not to save money. People aren't saving money as much as they used to becuase it is so easy to get a loan. It also mentions that young people save more than old people, which is crazy.
ReplyDelete