Are you over-saving? Experts explain how phenomenon can cause stress

Just 41% of Americans are comfortable with the amount of savings they currently have, but others have an issue finally using the money that they've socked away. One expert says over-saving can lead to other stresses.

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[SchmooFuzzy]

I don’t think this is a very common problem in our country 😂

[kimberlylepine]

This is a solution in search of a problem. Not buying a $200 blouse is not deprivation.

[gemmeldrakes]

Why would we try to make people feel bad about being frugal and saving money? There's nothing wrong with being careful sbout your money. I admire the older lady in the video.

[Mycescos]

At her age, she doesn’t want to spend $200 on a blouse. What’s wrong with that? She can afford but don’t want to. But this who can’t afford who buy is a bigger issue

[momma]

The older woman makes more sense than the guy who wrote the book! I’m with her not him! Earn your money, SAVE some, spend some, and yes treat yourself once in a while, but I’d never spend $200 on a blouse! I can afford but I wouldn’t.
Saving money is great obviously you will need it. I wouldn’t buy his book but I’d sit down with the older woman any day to listen to her wisdom!

[Iposttherforeiam]

I am a multi-millionaire with no debt. I am petite and physically cannot eat more than 10 dollars of food per meal, some of my favorite summer dresses are from Target and I drive an older car (thieves in my neighborhood have been breaking in to nearby houses to steal keys to expensive new cars.) I am happy and I sleep well at night. No matter how rich I get, I will never buy a $200 blouse because it violates my sense of value.

[kwfown]

Her daughter in law is eyeing her savings like a hawk 🤦

[Charmicaela]

soo ?? she doesn't need a blouse to stay alive. its justs frivolous. if she doesn't think its worth it then she is not forced to spend money. i am sure she is much more comfortable with a ton of money in her bank account.

[savannah]

Damned if you do, damned if you don't

[Schrodinger]

Real relevant reporting. Most are living paycheck to paycheck, with little to nothing for retirement. But, over-saving is something that is a big problem. How about you tell people how to budget so that they can avoid the much more common problem.

[liveslisa]

Saving becomes a habit. I splurge once in awhile, but there really isn't much I really need.

[ssm]

What kind of backwards thinking is this nonsense?

[HerAeolianHarp]

I think Americans have the opposite problem, but I enjoyed Ramit's book. He makes good sense.

[lucasstuart-chilcote]

It’s harder for the retired on a fixed income to dip into savings. You just don’t know how long you’ll live for and you want your money to last but also enjoy it. Very difficult

[xcel]

There's no stress in saving at all - it's hustlers like Sethi who would like us to believe that erroneous concept . You don't have spend just because you have money ; I think if only there is a genuine reason or need one should spend .

[paule]

I’m not seeing a problem here! 🤦🏿🤦🏿🤦🏿💰💰💰

[paulgermano]

Seriously, it's going to make more sense to talk about those who live paycheck to paycheck and don't have at least $500 saved for an emergency rather than talk about those who "over-save". At least those who "over save" have sufficient funds for unexpected emergencies and have plenty invested in retirement.

[donnaallgaier-lamberti]

I cannot see how anyone can save TOO MUCH! There are always unplanned you have to much saved...then give it away to the right organization or non-profit.

[avengingemmapeel]

Say what now? Good grief, let people be.

[jielinghe]

It’s hilarious to see this video in states. Our issue is overspending, not over saving. Media, can you really do something meaningful for the public?