Augusta
VIP Contributor
When it comes to personal savings it has a triple effects as you doesn't only better a person but even the economy as well. This is why sometimes doing good things isn't just about it for yourself. it can also benefits others. So how those you saving money benefits an economy
It will help an economy not to fall into downturns: This means that the economy will still be vibrant even in recession as the saved money will be pump back into the economy through financial interactions and transactions
The living standard of the people will still be high. This will help a collapsing economy to be boosted almost immediately. Your saved money will still help you to live better because that was the whole essence of the savings in the first place
Your personal savings especially with the bank will help businesses to boom. Banks used saved money to give credit to established business owners to boost their businesses especially for collateral loan
What is thought?
It will help an economy not to fall into downturns: This means that the economy will still be vibrant even in recession as the saved money will be pump back into the economy through financial interactions and transactions
The living standard of the people will still be high. This will help a collapsing economy to be boosted almost immediately. Your saved money will still help you to live better because that was the whole essence of the savings in the first place
Your personal savings especially with the bank will help businesses to boom. Banks used saved money to give credit to established business owners to boost their businesses especially for collateral loan
What is thought?