With a struggling economy, do you think you have been saving more or less to acc

  1. Understanding You profile image55
    Understanding Youposted 7 years ago

    With a struggling economy, do you think you have been saving more or less to accommodate your needs?

  2. DonDWest profile image61
    DonDWestposted 7 years ago

    More, much more. If you're not in debt, of working age, and have a modest savings account of a few ten thousand, you're looking better than 95% out there in the near future. With a real estate bubble crashing (that will crash further), a coming commercial real estate crash, and once the hyperinflation QE scheme bursts and reveals what is a depression, you could potentially buy an entire convenience store for under 5000 dollars like people did in the last great depression.

    On the other hand, if you're in debt and interest rates increase, and believe me, in good time they will once the depression hits, you're in big trouble.

 
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