Here is an interesting question to ponder. Is the reason that Americans are such lousy savers due to the freedom that parents give to their kids as opposed to how children are raised in other countries? We aren't told who we should marry, we aren't told what job we should do, but we are also not told to save money...

The other interesting question is that if we are creatures of habit and the current economic conditions are forcing people to change their previous spending and saving habits, will these new frugal tendencies stick with the current generation like saving money did with those from the great depression? These are questions that Dan Ariely, Professor of Behavioral Economics at Duke University tackles in this short video:




Your thoughts?

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