Post
Topic
Board Economics
Re: The savings problem
by
mihaybus
on 10/02/2024, 16:10:35 UTC
Agree, I would also say that little has changed at the core. On the contrary: today it has become much easier for many people who have less and want to move upwards to invest their money worldwide. This may not be the view of many people in industrialized countries, but if you look at it from the perspective from peoples of developing countries, people have much greater opportunities to build up wealth than they did 30-40 years ago.
Do you really think that a person from Sudan or Cuba who earns 40 dollars a month should save another 5-10 dollars?

So he should save 2 cups of coffee from Starbucks and then he will live better?