[quote=Arraya]It’s not an option under our economy. Over consumption and little to no savings is a policy for a reason.
Less consumerism and saving would collapse employment and require massive government intervention to spur demand and keep it from falling into a deflationary spiral.
One family saves, good for the family. All families save, the economy collapses.[/quote]
Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?
mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.
