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(Wall Street Journal)   Thanks to the Great Recession, people under 35 are now doing something with money called "saving"   (blogs.wsj.com) divider line 9
    More: Spiffy, shahs, moving average, risk averse  
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4959 clicks; posted to Main » on 06 Mar 2013 at 8:33 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-06 11:00:03 AM  
2 votes:

CapeFearCadaver: joness0154: As you spend money on a TotalFark account...

I was sponsored.


God derm socialism!!! :)
2013-03-06 09:25:35 AM  
2 votes:

Bruce Campbell: If you were to look at my bank accounts, it would appear that I am not saving by any significant amount.  My investments are in the businesses in which I have control or at least 51% control and aren't subject to rampant speculation by others.  To me, saving in the traditional sense is a losing endeavor.  I'd rather invest my money in things I can control rather than putting money in a bank to earn a pittance.  I'd rather put money in my own business than purchase shares of stock in a company that will have a different board of directors in 3 years than it does presently because they didn't operate at a short term profit.  I might "save" in 20 years after I divest from these endeavors, but for now, I'm happy with the rates of return I make for myself.


t.im9.eu
2013-03-06 08:44:13 AM  
2 votes:

KrispyKritter: Good for them. Seems like some young people appear to be very anti-materialistic too, although these claims are sometimes made while they are texting with one hand while removing the earphones with the other. Big difference in what one wants and what one needs.


I want power over who lives and who dies.
2013-03-06 09:30:57 AM  
1 votes:

Thunderpipes: Saving takes money out of the economy. I think Obama should use the commerce clause to implement a tax on savings.


Herpa derpity doo!
2013-03-06 09:12:21 AM  
1 votes:

dynomutt: The government doesn't need to send armed troops to steal your savings, if you keep it in a bank.

They just need to keep printing and printing (or its electronic equivalent).

Read "When Money Dies", especially the vignette about the German woman who broke her leg skiing, stayed in Switzerland for about a year to heal up, and came home to find that her entire life savings was less than the cost of the stamp of a letter from the bank indicating that her account balance was too small to keep the account open.  BTW: The numeric balance of the account had not gone down.


I bet you've read several books.
2013-03-06 08:56:04 AM  
1 votes:
If you were to look at my bank accounts, it would appear that I am not saving by any significant amount.  My investments are in the businesses in which I have control or at least 51% control and aren't subject to rampant speculation by others.  To me, saving in the traditional sense is a losing endeavor.  I'd rather invest my money in things I can control rather than putting money in a bank to earn a pittance.  I'd rather put money in my own business than purchase shares of stock in a company that will have a different board of directors in 3 years than it does presently because they didn't operate at a short term profit.  I might "save" in 20 years after I divest from these endeavors, but for now, I'm happy with the rates of return I make for myself.
2013-03-06 08:44:06 AM  
1 votes:
Saving up for the move out of their parents' house.....
2013-03-06 08:38:08 AM  
1 votes:
Because saving at today's savings rates is a sign that you are well prepared for the future.  Also, note to self, look into that undercoating thing, just like the folks on the Jersey shore did prior to Sandy.
2013-03-06 08:34:53 AM  
1 votes:
"saving"

I love that super duper ultra special account with limited withdraws that net you 1%*.  The lying farks gradually reduced that 1%* to .5%.  Lying mother farkers said it was a guaranteed 1%* for at least the initial deposit.  LYING MOTHER FARKERS!
 
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