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Originally Posted by Broken Arrow
Hehe. Interesting perspective, but ultimately flawed.
Truth is, savers do contribute to the economy, just in a different way.
When we contribute to our retirement funds, we are also investing in an investment company's financial well-being.
Even when we simply deposit our money in the bank, we may not be stimulating the local clothing shop or electronics store, but we are certainly doing our part to capitalize our banks and credit unions, giving them more capital to operate their business.
As though the hare can blame the turtle for being caught out in the rain....
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Well said. And I think those of us who are savers are going to be the ones who eventually get us out of this mess- we're the ones who will be still paying our bills, and not declaring bankruptcy, and keeping our houses and cars.