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Imagine a world without saving
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[QUOTE="King bell, post: 266517, member: 75687"] A world without saving would be a world without progress. It would mean that, for every cent spent, or every pint of petrol burned, there would be nothing on the other side. It means that with every swipe of your credit card or purchase of your groceries you are investing in nothing more than a never-ending cycle. That is not progress; it is stagnation. It might even seem hard to imagine how humans could have survived all these years without saving — but, as it turns out, they haven't! As we've seen time and time again throughout our history as a species we've navigated through periods where saving has been impossible and yet we're still here to talk about it. We've seen this time and time again throughout our history. The reality is that there have been times when saving was impossible. You might have heard of the Great Depression, but you might not know exactly what it is. But you can bet that in a depressingly large number of western societies, if every person had spent everything they earned, we wouldn't be here to talk about it. And that's precisely what happened during the Great Depression. Nearly every citizen was trying their best to spend every cent they could lay their hands on — which meant that there wasn't enough demand to make businesses invest or hire new workers or innovate. [/QUOTE]
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