Can Saving Too Much Money Cause a Recession?

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People are told from the time they get their first job to save money. Save for a car, have an emergency fund, send your kids to college, a house deposit, oh and not to mention retirement (if that is still a thing). There are a million things to save for and on an individual level, it is almost always a good idea.

So why is it then, that governments and businesses from around the world are so terrified of people saving money?

#Saving #Recession #Economics

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[QuestionEverythingButWHY]

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
― Mark Twain

[matthew]

When I took economics classes my professor always told us: “Worry about your own finances, not the economy itself. If everyone makes themselves financially secure then the economy will be fine.”
This was proven true as in the 1920s everyone was spending like crazy, then in the depression everyone learned the importance of saving, after the depression the US prospered like never before while people still kept a healthy savings.

[economicsinaction]

Grad students: "YOU CAN SAVE MONEY?!"

[QuestionEverythingButWHY]

“The quickest way to double your money is to fold it in half and put it in your back pocket.”
—Will Rogers

[matthewbutner]

How to destroy an economy: become satisfied with life.

[vincentgrass]

Her: He's probably thinking about other girls.
Me: Who actually burns their money and records it for a stock footage website??

[Dross_Of_The_Catticus]

I wish economics was taught like this, i'd actually enjoy it.

[HLy]

Me: * trying to sleep*
EE "YOUR HOUSE DEPOSIT ISN'T GOOD FOR THE ECONOMY"

[MagmaMac]

I love how these vids come out at a reasonable time in aus (11pm)

[vinczeszilard]

The problem in the US economy is not saving, but the over reliance on over consumerism. Basically the US economy expects its middle and lower class to spend every dime they earn in order to function ( escape their debt).

[Quickonomics]

"Saving isn't the problem, the lack of consumption is." (9:00) This statement beautifully summarizes the essence of the underlying issue.

[Dangic]

People saving money does not cause a recession.

Corporations, banks, and speculators playing with people's savings cause recessions.

[wormsblink]

What about Singapore’s mandatory savings (CPF)? Doesn’t seem to cause a recession

[wick]

i want to know about the economics of this channel . How much money are you making and how do you spend it .

Next vid : economics of economics explained .

[u]

This channel has reignited my interest in economics. I always found it interesting for the way it's thought in schools is awful .I wish the teacher s of today watch this and take a note .

[QuestionEverythingButWHY]

“The real measure of your wealth is how much you’d be worth if you lost all your money.”

[lewismassie]

I remember several US politicians who were confused why people were spending the stimulus checks on food and rent rather than cars and technologies. Like fellas just how out of touch do you have to be?

[jijov.j]

Ecnomic Explains, I have a question.
"Why is America health care cost more than other countries".pls, make a video about rising health care price in us and how to reduce it.pls

[patricktwo]

It would take ten years for me to save 6 months expenses.
If my rent wasn't so high.
Student loan.
Health insurance.
There's something else, I'll remember it soon. When I stop weeping.

[internetuser]

Economics should be a mandatory subject in school. Basic knowledge of personal finance as well as understanding the functions and characteristics of the economy are much more important in providing a good quality of life than memorizing the composition of plant cells.