Comments on: Recession in America – Building Your Savings http://www.passivefamilyincome.com/recession-in-america-building-your-savings Passive Income Ideas and Tips Wed, 10 Mar 2010 15:12:57 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: tom http://www.passivefamilyincome.com/recession-in-america-building-your-savings/comment-page-1#comment-14347 tom Mon, 13 Apr 2009 12:23:41 +0000 http://www.passivefamilyincome.com/?p=2572#comment-14347 And maybe when everything slows down, new industries can emerge and the cycle will continue, up and then down. <abbr><em>tom’s last blog post..<a href="http://tomaszgorecki.com/blog/2009/04/12/whyare-you-moving-out/" rel="nofollow">Why are you really moving out?</a></abbr></em> And maybe when everything slows down, new industries can emerge and the cycle will continue, up and then down.

tom’s last blog post..Why are you really moving out?

]]> By: tom http://www.passivefamilyincome.com/recession-in-america-building-your-savings/comment-page-1#comment-14345 tom Mon, 13 Apr 2009 12:20:50 +0000 http://www.passivefamilyincome.com/?p=2572#comment-14345 Even though the media seems to be panicking about people saving, the actual stats for it are very very low, only around 10%. And I am sure saving 10% of our incomes is not destroying the economy. I mean on one side, we can't just say that to get out of this, we need to keep spending. But on the other hand we can't say that we should save 30% of our income. Although it would make sense for people to readjust to reality by having savings and living within their means. Even though the media seems to be panicking about people saving, the actual stats for it are very very low, only around 10%. And I am sure saving 10% of our incomes is not destroying the economy.

I mean on one side, we can’t just say that to get out of this, we need to keep spending.

But on the other hand we can’t say that we should save 30% of our income.

Although it would make sense for people to readjust to reality by having savings and living within their means.

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