This article is about the stimulus and how most of the money that was suppose to help the economy was put into savings. This made the consumer rate go down because consumers are not spending money which means there is no money circulating into the economy. I chose this because I started to save money too because college is coming and I now see that it was somehow effecting the economy. I agree and disagree with this because saving money is always good but on the other hand not spending money is really not helping the economy. I think this was presented somewhat fairly but I think they didn't get look at the point of view of the consumer and just the economy.
Subscribe to:
Post Comments (Atom)
Nickey, Excellent observations. Your next-to-last statement about saving is called by economists "the paradox of thrift" -- that is, that while saving money is good for the individual it's bad for the economy. I also agree that it was kind of technical and would have been better with broader info.
ReplyDeleteGrade: 10/10