VIDEO ON MSN MONEY
Sure people can sabotage their savings, but first there has to be savings!
Years ago a young couple lived on one salary and banked another until they had the down payment for a house. They got a mortgage that fixed their housing payment and they could afford it on one salary. Wife stopped working a few years, they had kids and all was fine. As the husband's salary rose, they started to get ahead. when wife returned to the workforce they were able to start saving for the kids college. More salary increases and they start saving for retirement. Unfortunately that part of the American Dream has not been seen in over 25 years. Nowadays every time there is any savings, someone is laid off and the savings are gone!
Excuse me but doesn't the writer of this article have it backwards? The FED has been screwing us for YEARS with their LOW INTEREST RATES, and then SOME people have the NERVE to tell the REST of us that WE'RE sabotaging OUR SAVINGS?
It may come as a shock to SOME of these blathering idiots, but government and fed interference in the economy has SCREWED 95% of the country, and the inflation they're causing with ALL this FAKE money creation, is going to SCREW us even more. You think the 1970s were called the age of stagflation? WAIT!!!
i'm 60 years old, and when I was a kid the banks would offer 3-4% intrest on savings. Now banks are nothing more than credit card companies, more money in cc fees than paying intrest on your money. banks are nothing more than theives, just like the rest of wall street!
It’s the Federal Reserve and our government’s deficit spending that has sabotaged my savings; Not me..
Not everyone can control how much they make - but everyone can control what they spend.
The real problem is a significant percentage of the American public overspends and do not live within their means and then wonder why they do not have any cash, savings, investments, etc.
Nobody must have a new car, Starbucks, smartphone, cable TV, designer clothes, expensive vacations, going to restaurants, etc. These are wants not needs!!
Controlling your spending is like controlling your weight - it can be done, it's just not easy.
Those who have money MUST HAVE stolen it from those who don't.
More propaganda to elude the fact that companies would pay us less,if they could.
They don't want to pay what they already do and wouldn't hesitate to pay less while the people keeping those companies doing so well are treated like crap.
People making barely over $2/hour 'min. wage' in an industry (restaurant) which is
huge to the economy having to bust their a$$ just to get by as well.
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