asdfasdfasdasdfasdfasdfa wrote:
Why do we need a higher savings rate? Is the economy really better if I save 10% of my income (put it in the bank) or if I invest 10%(buy stocks)? I don't think so. Heck "saving" money is pretty stupid once you have your 6 month cushion. At the current interest rates, your savings are losing money every month to inflation(well depending on what you believe the inflation rate to be). You would be much better off investing.
Any reasonably safe investment is considered "savings," so I'm not sure what you're trying to say.
Those of you hating on Wall Street for not serving any purpose, unless you work for the government or are self-employed, where do you think your company gets the funds to conduct it's day-to-day operations (including paying your salary)? The same thing goes for CEOs. If a $3 million/yr CEO wasn't worth $2.8M more than a $200K CEO, then companies would hire a $200K one.