It is sad to see that Americas savings rate, which was down 0.4 in 2005 and rising to minus 1.0 in 2006 relegated to a small column in the business section. According to the article only two other years did this happen in our history. This was during the depression years of 1932 and 34.
We have to have every bell and whistle that comes on the market, and we have to have it now. Whatever happened to "save a penny for a rainy day".
An idea on how to save, I taught worthwhile to pass along. Write down each and every purchase for several months, even items as small as a package of gum. Then look back and see how many you really didn't need. Then you will see how much you threw away and could have saved.
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Just a crabby old guy...
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Pelmo
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2007
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February
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- I'M TRYING
- AN HONEST MISTAKE
- FOR MORONS ONLY
- WHERE ARE YOU GOING????????
- STAND BACK STUPID
- THE NEW MORON STATUS SYMBOL
- DAZZLED BY BULLSHIT
- BOOBS AND MORE BOOBS
- HOW MANY HOMES MUST DIE?
- ME ME ME ME ME
- WHOM CAN YOU TRUST?????????
- A NATION OF MORONS
- SHORTER DAYS
- 1400 MORONS AND COUNTING
- STUPID QUESTION OF THE DAY
- FRANCHISES
- COFFEE
- ARE WE KILLING MEMORIES OFF?
- BUBBLES THE CLOWN
- SLOW DOWN STUPID
- QUESTION OF THE DAY
- BRA BURNING
- MAYBE THERE IS HOPE
- BACK TO MINIMUM WAGE
- DIET AND LITE
- LOGOS AND NAME BRANDS
- STUPID QUESTION OF THE DAY
- SAVINGS
- GET OVER IT
- A TAUGHT TO PONDER
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February
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About Me
- Pelmo
- Had a front row seat to the Effects of over consumption of stupid pills as a policeman. Otherwords saw how stupid people can be. The only thing I am trying to do is to get people to try a new concept. It's called thinking.
5 comments:
That article fails to take into the talley that most people save for the future through 401k. I heard this on the news yesterday and I just could not believe how short sighted news has become. 401k has been in use for many, many years now... why is this form of savings not considered?
It's quite simple. 401k is not a savings plan per se. At one time it was savings to supplement a pension you would receive at retirement. Now the 401k is the ONLY pension you will receive.
Testify!
i want all the money that i spent in bars after softball games and on sundays watching the football games. i wouldn't have to play the lottery to try and get rich - i would have been there already
You went to bars after athletic endevors?????
It is amazing how you hid your drinking, I was of the belief that my virtues ways somehow had rubbed of on you.
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