The Almighty Dollar

Restoring some fiscal sanity in our -- negative savings rate -- lives

2.27.2006

Penny earned is a penny spent

Did someone discover the fountain of youth hidden at the bottom of a venti Starbucks cup and not tell me about it?

I'm pretty sure, actually quite certain, that I will be old one day (barring any freak accidents). So old, in fact, that I will be unable physically to go to work every day of my life. But that's fine with me; I wouldn't want to and don't plan to. That's why I save.

An article in today's Christian Science Monitor discusses the negative savings rate in this country and what motivates people to spend, spend, spend like there's no tomorrow.