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by cwhiz 2221 days ago
Bitch about people who didn’t save for an emergency expense or for retirement. Bitch about people who spend frivolously. And now, miraculously, bitch about people who are saving.

This is not a complex problem. If you want people to spend money you must give them a proper safety net. That means pensions and health care.

2 comments

From talking to others, a lot of people are saving money whether they want to or not.

People are eating at home, preparing their own food. Nobody is driving and spending money on gas and tires. No living large with nights out on the town or big travel plans.

I think lots of folks with their modest indoor activities or dog walking aren't spending just because, not because it is premeditated.

Though a lot of my friends who are thrifty are complaining about nothing being on sale anymore.

Not where I live. I'm seeing take-out restaurants thrive.

My family usually eats out twice a week (plus a date lunch for wifey and I), but since corona we've upped it to 3 meals a week to help the restaurants. I think others might be doing similar things.

I think there'll be a shakeout. Restaurants that serve takeout well will survive and eventually thrive, those that rely on sit-in will suffer and maybe close.

Saving money used to be a respectable thing, now you’re just hoarding cash.