I save money
I don't save money
We both save a pretty decent percent of our salaries. I put 12% into my 401k, my wife puts 10%. I put money into my HSA every month, we both put money into our daughter's college fund, we both have a couple savings accounts, one for our fun money (for hobbies and stuff) and the other for infrequent expenses like car or home repairs, clothes, etc. And we have a brokerage fund with fidelity that is a combination of our emergency fund and savings for vacations or home improvement projects. Since it's not as safe as a savings account, we keep more than 6 months worth of expenses in there most of the time. Overall, about 30% of my gross income gets put in one form of savings or another.
If you build a man a fire, he'll be warm for a day.
If you set a man on fire, he'll be warm for the rest of his life.
However, inflation has been at record breaking lows since those danged "DemocRats" started pumping trillions into the economy. This kinda proves your "quantity of money" theory wrong. You might want to learn a little more about economics, particularly monetary policy. It doesn't work like you think.
Most of my savings right now is 401K for retirement. With matching funds from my employer it's 14% of my income.
We have some non-retirement cash saved, not a huge amount but have a vacation home with more equity than debt and a completely paid off investment property which can both be sold quickly with little problem if needed.
Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7
I only do short term saving. Whenever I have around $15k or so in the bank, I immediately stop working and start living on savings, go on long term vacation until I run out of money. When I am broke again, the cycle starts over.
I don't have proof for any of this, but you have to wonder.
I am not the best saver, but have deferred 15% of my income into my 401k for years now. My wife puts money into her 401k as well. We both also do FSA's every year.
"You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)
How do you measure productive investment, if not in dollars invested? Or other currency. One reason the United States was so prosperous over the years is that, mostly, in years past, the money supply was stable.
If it is not stable, if return-on-investment means little because it has to be weighed against a to-be-determined inflating of the currency...investment stops. People buy gold instead and bury it. And that drags the economy DOWN; it doesn't stimulate it.
I'm not the one deluded. First, PRICES ARE RISING. Just go to the grocery store and tell me they're not. The inflation figures goobermint put out are spindled and mutilated - like the unemployment figures.However, inflation has been at record breaking lows since those danged "DemocRats" started pumping trillions into the economy. This kinda proves your "quantity of money" theory wrong. You might want to learn a little more about economics, particularly monetary policy. It doesn't work like you think.
Second, Inflation is NOT rising prices. Rising prices are a result of inflation; but other factors can come into play. Inflation is, literally, an inflating of the supply of the currency. Injecting new units, created out of nothing, which devalue the existing units, which were traded for wealth.
The currency can be inflated and yet prices remain down; and one reason we're not seeing - yet - hyperinflation, is that people are scared spitless and are resisting buying any but essential items. Fewer buyers result in price decreases or at least prices remaining fixed.
The money supply IS increasing by over a trillion dollars every year. That is GROSSLY irresponsible and WILL show up later as hyperinflation.