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Money and Finances
Reply to "Wow the lack of financial education in this country is staggering"
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[quote=Anonymous][quote=Anonymous]We are a consumer society. We consume a lot in this country. Many of us on this forum who have a lot savings and investments are benefiting from other people doing the spending. Just increase the savings rate by 10% nationally and you will massive changes in the economy The American economy is built on debt and predation. Once you are stuck in that cycle of debt, it's very hard to get out because structurally you are meant to be kept in that cycle because a lot profit from that.[/quote] The US is over retailed. Retail real estate here is over 24 sf per capita. Compare that to Europe's 4.5 after per capita. Yes, the US economy is based on consumption.[/quote]
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