Another reality I caught in the media is that savings rates are low. Well, savings isn’t encouraged by our FED, the savers are punished.
– How did it work out for the folks that saved cash for a full 20% down payment for a house……not so well (specifically when looking at 2012 or 2013 data……). They will never catch up.
– Inflation……yeah, we know how that’s going
People may save in retirement like accounts, the rest of the cash if it still sits idle will buy a loaf of bread in another year. There isn’t a way for a regular consumer to win here. BORROW to the hilt is the name of the game….boom times here we go again “YES, it is diferent this time.”
