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There has been extensive talk about how social security systems around the globe are having issues due to declining birth rates as well as a decline in the quality of employment for younger generations.

But another less often talked about issue is that almost nobody is able to make savings anymore.

Think about it. We all know at least some boomers. Most of them bought a car in their teens, a house in their thirties, went on frequent vacations and still even with all that were saving money beyond just for retirement savings.
Since that time, wage growth had stagnated, house prices have skyrocketed, and the purchasing power of the average salary has been going down.

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So aside of the social security bubble potentially bursting in the future, there's also a bigger underlying issue.
Purchasing power has only been getting worse from generation to generation, and thus being able to make any savings is already a distant dream for most. Younger people just keep working more for less, to s point now where mostworking people can't put even a single dollar aside.

Could there be a solution for these issues? Economists have long argued about the strengths and failures of our economic system, but alas it appears as though "trickle down economics" has failed humanity (https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/).

So, do you agree that radical changes are needed?

I see this as relative because part of the narrative comes from the propaganda of the (mainstream) left-wing media that sells people the victim mentality.

It is true that the purchasing power for some basic goods, such as buying a house, has been reduced for the majority of the population. But today's population generally enjoys many more goods and services than 40 years ago. Starting with the cell phone we all carry in our pockets, continuing with cheap clothes and ending with cheap travel. Forty years ago travel was a luxury that only the rich could afford and today working people have gone to the other side of the globe on a trip.

Besides that today there are more opportunities to earn money, even in the form of extra income, comfortably from home, and you have an example here in the forum with the signature campaigns.

So it is relative. For me only one part of the story is true.

I can tell about this problem by observing how most people live in my country. Loans for almost everything force people to work seven days a week. Closing one loan, another opens, and people live in debt without free money that could be invested. From here, it is noticeable that people are in a hole of debt, regularly saving every penny.
But yes, our desires do not end, and we can say that we can stop everything, but the pace of life and the developed habit of earning money practically do not allow people to stop and think that they can live differently.

It's really a complicated situation.

You can talk this because you're not the billionaire, but if you're one of the billionaires, I'm sure you won't want to report all of your wealth and income because it would make you to pay more tax.

Since the poor and middle range people need to feed themselves, they don't mind with overwork because if they don't do it, someone else will.

People used to work one job at a time and still get enough money to buy a house in their 30s and live comfortably in their 40s. The financial system favoring huge companies and financial institutions clearly isn't working, and all that's happening is a lot of people working their asses off to businesses that give zero fucks about the welfare of their employees. I'm not even surprised why attrition rates across multiple industries is skyrocketing and everybody just wants to own a business. Your loyalty, hard work, and time invested to a company is rarely rewarded, much less noticed even by your immediate superior. There iz no reward in employment anymore, just the salary that you are expected to collect every month.

Also, consumerism have been ingrained deeply in our society through social media platforms. People who receive thwir wages end up consuming goods produced by huge companies for profit, all the while these companies neglect increasing the wages of their workers. And the government sees no problem with it (unsurprisingly). With this kind of system we are in, I don't think the next generation will even be able to fully afford a house even in their 60s unless they get lucky early on in their lives. Hard work means so little nowadays, unfortunately.

Social care and health insurance will be a problem for many countries that were adopting an approach that limits the number of births in an attempt to reduce the population. This data is due to the decline in the birth rate in China, and with peace and a decrease in epidemics, the average lifespan of the population will increase, making here millions of elderly people who do not produce and there. Thousands of young people are forced to work more to achieve a stable income for themselves while they grow old before they start a family, so you will find that young people begin to marry and start a family at the age of thirty or forty.

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People have no other ways than investment into something safe and profitable in long term.

Because if they keep their money in savings, interest rate is always smaller than inflation rate so that a longer they keep money in savings, a more loss they will get, not profit.

Governments and central banks will try to do financial regulations and eventually they announce they beat inflation, control it and life gets back to normality. However, the fact is always opposite, citizens bear the failure of governments and central banks. Producers will make smaller products while consumers will have to spend more money to buy it. It is not a winning against inflation from government and central bank.

This is a big issue in my country because most people just work to survive and nobody is talking about saving for the future. Before now classroom teachers in my country could buy properties and give their children quality education but this is not the case today. Many of them are living on credit and loans. The reason for this problem is high inflation and the loss of value of our local currency. The cost of goods and services has tripled and people are practically living in abject poverty. If you can survive in this economic situation, you should be lucky.

The problem in our country is an unfavourable balance of payment caused by my country's excess imports that are not backed up by exports. The country ends up taking loans to finance budgets and some of the conditions given by this lending organisation are not good for the economy. The only way to survive in this present economic condition is to cut your expenses and search for other sources of income.     

Decades ago, when the purchasing power of the US dollar was decent and the inflation levels were relatively low, the people used to save money in the bank. Nowadays, putting money in the bank and waiting for interest doesn't work anymore. The people are seeking for other ways to save and invest money-real estate, investment funds, hedge funds, crypto, etc. This increases the overall risk, but it also brings higher returns.
Anyway, the money printing machine of the Federal Reserve should be blamed for all this. We just have to wait for the fiat financial system to collapse completely, before the alternative rises from the ashes. By the way, I don't believe that the alternative will be Bitcoin or crypto. :(

Wow this is interesting, you don't believe that the alternative is crypto or Bitcoin, well I think I will take it as a joke because if you are serious then I think you are still sleeping. I know the whole process of one system taking over the other is really strong so I believe it would rather be a co-existence between the two financial system and time is the only factor pending that to happen although from my view of things I actually think it's already started happening just that it's rather on a low scale.

Interestingly, the west didn't adopt any strategies specifically targeting the growth rate of the population.
Births were indirectly targeted by the fact that social policies kept being cut, while wages stagnated.

We've been getting taxed more, our wages' purchasing power keeps shrinking, basic necessities become more expensive... So in order to maintain our living standards and guarantee our children a decent future, we can't have many children. It was only natural when the government only taxes us and gives very little in return.

If only a fraction of all the corporate or military subsidies were spend back on amenities for the people, since that money comes from people's taxes anyway, more of us surely would have been more comfortable having children, or having more children anyway. But due to the fact that this doesn't seem to be changing, we've entered into a downward spiral and many western nations are not even reaching replacement rates for births, which would be at least 2 births per woman on average. So this also puts pressure on insurance schemes.

Ironically, many governments think austerity is a solution to this, which would only make things worse as even less people would want to have children therefore even accelerating the issue.

A possible instance of improper investment is they keep working hard with their money and not having their investment they have savings every time they get a salary on their work and put it all in their savings but at the end of the day their money is just sleeping with their account with a low APY, instead of investing if this succeed they can now have a good cashflow of money even they are sleeping there's a passive income with their asset. Most of people now work hard, get paid, get liabilities, and keep paying this with the same cycle, additional to this is the lifestyle inflation every time they get an increase or money also they can now afford those things they didn't before and still cause of lacking of savings.

New generations always use birth control to avoid unwanted pregnancy, because living nowadays is very hard and expensive, what more if you're going to have your own family without any savings and stable job at all.

Youth these days prefers life stability first before anything else. They wanted to spend their youth in travelling, eating delicious food, and other leisure activities before starting their own family. Budgeting your salary in your single source of income can hardly even support yourself in today's expenses in most jobs. So having two or more source of income is really necessary to survive in these kind of situation.

In my country, the situation is not exactly the same as described by the op because I come from Ukraine, which used to be in the Soviet Union. So boomers could buy cars and houses, but they did get flats from the state for their work and things like that, and buying our own flat is next to impossible for the younger generations. There are more job opportunities, more ways of doing interesting challenging stuff and getting paid for it, but making savings is very hard, and earning enough to purchase your own accommodation is next to impossible. I do hope that things will get better, but so far, it's not easy.

It's difficult to save when you are earning the requirements of your daily needs. Apart from those running a self owned business, most of the salary earners don't even earn an amount that is good enough to meeting their needs talk more of making savings out of it.

Maybe before talking about saving more, we should be more concerned about the minimum wage or the ways to improving the incentives given to workers by maybe providing for thier food in the office or providing more buses for them so when thoer salary comes it won't go all out for unnecessary needs and then they can improve on thier saving habit

Everyone want to save but when you don't have much, it's your savings that will now save you.

I find it surprising to see such thing which is also happening here in my place wherein debt is more of a hobby to most of our neighbors and even get posted on social media for not paying what they've owed. My aunt as one of the lender even died without getting paid by these people and that's sad reality about debt here in my area. Though it is not my business to know what these people are using the money they got from loans but it's like nothing just happened and maybe they sometimes take another loan to pay the existing one so yeah debt keeps on coming. I have debts as well,  and I know most of us do but the thing is we should be a good payer.

You'd read books and watch videos online, attend seminars and read on this economic board about the 10 tips to become successful, mindset to become a millionaire and 100 positive attitudes to become rich, and after you've been fed with all the feel good theories to become rich, if you can't meet your basic needs and have a little extra to apply the theories then they're just where you are.

 Average income earners work two jobs yet they can't afford a decent lifestyle for their families, because the cost of living is getting high everyday, so how can they get extra money for savings? To invest requires money, to learn new skills requires money and time, therefore without money in hand, most tips to financial freedom are all a waste of time, because many have read them and remained in their average financial condition. The rich keeps getting richer while the poor keeps getting poor, and the economies don't encourage the poor to save and have better future.

It's clear that saving money has become harder for many especially with rising living costs and stagnant wages. People are working more but struggling to set aside any savings. There's a need for changes whether it's better job opportunities, affordable housing or other policies that can make things easier for everyone. It's a complex issue but acknowledging the problem is a step toward finding solutions right?

The only similar thing that happening in my country is the surging of housing price, other than that I think it's slightly different. The salary growth is not stagnant, the average salary has been tripled compared to 10 years ago in here. And there are definitely more and more people buying cars. I think there are a lot more middle-middle and upper-middle class than lower-middle class and an actual poor people, less people are unemployed tho it still many.

My non-expert guess is that the economic crisis hit harder on the developed nation than on the developing nation and 3rd world nation. All that being said, I do agree that a change would improve global economic in general.

Has it not gotten to a point where people are advising others to reduce the numbers of births to be able to carter for the little we've given birth to, this is all about population, there are advantages and disadvantages in it, now people have reduced the birth rate and other aspects of the economy are falling down lacking behind, what should we do, work force is what we cannot do without, understand the power of man labour, efforts and their unique roles in production

Out of curiosity I earnestly like to know in what part of the world are you talking about even in this economic melt down that is ravaging the economies of every country, because what you have just said sound like in the movies to my knowing. I will well appreciate you attach a research data backing your claims.
Thanks.

Sorry mate, your guess is not correct. A simple example to clarify issues here is by looking at the rate of migrants moving from the third world nations to the advanced developed nations of Europe and the WEST.

If the economic crisis hits milder in their own country's they will not be flocking to the developed nations for greener pastures where you're guessing that the economic crisis is hitting harder there.

Like you said, it's a non-expert guess.

I totally agree that a change will bring about an improvement but how can this change be achieved as recent recommendations by economic experts has  proven nothing of improvement rather the global economy keeps getting harder every day.

The proposals of the big heads managing states is to cut social security and enact austerity left and right. The thought process behind the economists that enact austerity measures on the masses to address issues like declining social security contributions are very backwards.
At least in the long term, the way this is going to play it, is that it's going to exaggerate the problem even more.

Low birth rates contribute to declining growth in economic activity and lacking contribution to pension systems - > these issues are addressed by budget cuts and austerity - > austerity reduces the money that ends in people's pockets -> people have even fewer births...

It's hard to grasp if there's an end game to this. I tend to believe that it's just some stupid, short sighted selfish politically motivated policy.
But in the long term this has the potential to completely decimate the bloodline of today's working class.
And what then? Today's mid to high-income earners, the property hoarders, the big capital will be the new 99% to the future ultra-rich. Rinse and repeat again? Until there's no human left?

People fail to understand that this isn't a left or right wing issue.
Enacting meaningful social economic policy for the greater population is about our future as humans.
It's sad to consider that you're considered an extremist in some countries if you just ask for good healthcare and schools. If not these things the fuck are my taxes supposed to be paying?

Income and expenses are a problem in this case so it is difficult to get a balance in terms of finance, sometimes let alone saving or setting aside money, for daily living expenses alone there are still quite a lot of people who complain because it is still far from enough. One of the problems is as you said that the cost of living is increasing but income is stagnant, I think for the first solution problem maybe we have to work harder or work smart like building a small business such as opening a shop and in addition we also while continuing the main job, with that then there will be additional costs for living or for saving in preparation for the future, and I think the government should pay full attention to this problem because it is clear that many people are suffering from this situation and one of the things the government can do is increase the wages of workers or the intention is to adjust to the basic needs which in fact are increasing.

A radical change needs to be made no doubt and it has to be in the area of inflation control. Government should reduce lending and printing of money because it all creates room for more money in circulation. Some one has argued that it is easier to make money now and be rich unlike in the past where you have to work hard and harder yet no much financial benefit acrue to it but you were able to get the value of the money you had then unlike now where you have money being devalued by inflation.

So a swift solution should be in trying to reduce inflation like I said earlier, making loan available, bonds and treasurer bills, printing of money should all be reduced to the economy will gain some value. If you have less inflation then you have money whose purchasing power is very high and you can purchase alot with little money and you can save and reinvest.

And  this is why it would really be that survival of the fittest. We are living on a world on which inequality is never been that possible on which there would really be those people who are sitting on the top of the chain
and there are ones who are on the bottom. This is why if you do find yourself somewhere near the bottom or in the middle then it would really be just that normal that you would really be needing to make your ass off work hard for you to be able to survive. Economic matters or concern? It would really be just simply be ignored because people wouldnt really be giving out some importance on things on which they do know that it wont really be something beneficial for them. This is why it would really be that best that you should really be sensible on the actions that you should gonna need to do for you to be able to survive.

Savings? It would really be just that a standard thing but not really that shocking that majority of us do really fail out on doing even with the basics.
They would really be seeing its relevance on the time that you would really be experiencing hard stuff.

We can think of the solutions that the government should do, however, it is the government itself which can truly address this situation.
Though inputs here are quite nice as you can see that ordinary citizens have their some sort of solution to the ongoing challenge faced by people.
If only some of those suggestions can reach to the government and be seriously considered. It would be nice to have some input coming from its people.
A radical change is needed, but how can we actually implement it? Most of the time, it is only all in our minds but not put into action especially if we have no power to influence the decision in the government.

At least in my country about ten years ago the government made a change when it came to pensions and forced every company to pay a percentage, while the employee pays a percentage. It is a very generous scheme that has a mandatory opt in, where you are allowed to opt out if you need but it is a very generous perk. This will take some pressure off the state as new retirees will be less of a burden and have their own non-state pension plans to support them later in life, allowing them to spend a fair bit back into the economy to keep things moving. Ultimately though we seem to have hit a wall where life expectancy has topped out, so if governments are able to keep it balanced with the ever changing demographics, it can still be sustainable.

One of the ways to stop this would be to move away from fractional reserve banking and Keynesian economics of money printing. We had societies function for thousands of years without this notion. The problem with these people is that they falsely assumed that this is going to work. They've never been in this situation because we're constantly progressing and facing new problems, but somehow they think they know what's the right approach. Let's face it, people who make monetary policies are blind and deaf. They have no idea what to do, but they feel like they have to do something. Maybe the solution is to let the system burn and rise up from the ashes as a system based on limited supply of money?

I look at it from a different dimension as there are multiple dimension to this reality, I have seen people buying stuff with EMI/loans which is not a necessity and right from the mobile, car, house and every thing which they use in day to day life are being taken on loan. This was not the case in the earlier generations as they won't buy things which were not absolutely necessity as they don't used to buy things under peer pressure to show off, I have seen my friends getting into debt trap by buying things which are not required but buying it due to social/peer pressure and ending up extended hours, good part of their income goes towards loan. If we know the difference between the "Need" and "Want" and focus on "Need" then our lives will start falling in place.

  

It becomes the belief of many that we have to work hard so that we're going to get out of poverty and be wealthy. But do that in my country and you'll still get not enough because wages here are really low. That's why you need to look for other hustles for you to be able to survive, the high cost of living but then the low salary and slow growth in increases is hard to bear. If you're a foreigner and you're going to take a look at this case in my problem, you might find it that it's not a problem at all because of the standard of living from your country. However, this is the reality here that cost of living is quite high for locals and that's if you talk to someone that's working hard, you might get an answer that he or she don't have that much savings because usually the breadwinner spends it all for obligations, bills, etc.

Of course changes are needed. It is true that People can barely save their money but my perspective is that they can save it but just won’t save it. It mustn’t be an intentional act but I think it is the fact that there are now too many things one could spend money on. Going back to the old days, there wasn’t as much inventions and things to waste money on, but today, there are a lot of unnecessary things that people rush to purchase. For example, take a look at the price of the latest iPhone, It is so expensive. Instead of young people to be saving or investing, they use all they have to buy that. That is a distraction that wasn’t always there.

Saving is not an easy thing to do if we don't have the habit of saving from an early age and we also can't control our desire to use the income we have on things we don't really need. Of course we won't be able to have savings if we don't use the income we get correctly

What you say is very true, in the past there weren't as many discoveries as there are now and most people who already have a lot of income that they earn will certainly use their money to invest and nowadays with many new things that we can find out easily of course there are some people who If they have enough money, they will of course buy the things they want, even though they don't necessarily need them.

Saving is an important thing for every person. But nowadays it has become very difficult for people to "save". People in our country are struggling to meet their family needs from the profit they earn from the workplace wherever they work. Currently, rising commodity prices and stagnant wages are forcing people to stop saving. It is really a complicated situation and people should have multiple sources of income to cope with such situation. Finding multiple sources of income and changing all the problems of poverty is of utmost importance.

In my opinion, in the dynamic environment of agency life, a radical change of pace is inevitable. However, to overcome this, we are required to be independent and smart in taking initiatives so that we can have a life that can meet important needs now and in the future. Such as living needs, investment and also having to develop a good strategy in everything.
Currently, most people have difficulty saving because of increasing needs and wrong planning due to prestige, increasing needs, we must be able to overcome this by having a job or additional income. And this is one of the best and smartest ways to still be able to meet your living needs, save and invest without depending on the government because only we ourselves are able to overcome or change it.
Apart from that, most generations are too concerned with ego or desires compared to the needs that are actually important, including for the future or long term which must be planned or thought about as well as possible.

I did not want to say that saving money is bad for me because I dislike the idea because I know that if I try to save money, I will end up spending it. Instead, I will invest the money or use it to buy what I need right away because if I wait to buy something, the price will go up and it will become more expensive. The rate of inflation means that your money will eventually lose value. And given the direction that commodities prices are moving, I will now declare that I want to save money, invest, and make more investments after each one. Even when it comes to paying salaries and duties, the government is not carrying out its obligations. Rather than worrying about conserving money, people should be thinking about ways to invest and have several sources of income.

Well, yeah there are three types of people, first is the one that prioritize buying an asset for future investment purposes. Second is the one that buy liabilities and the last one is the person that buy both. Wherever we belong to those kind of people it depends on us regardless of distraction. Saving fiat alone is a dead investment in the long run due to inflation and some other possible reasons.

When talking about investment, of course the fiat must also revolve around other activities that produce results if not as you stated above. Of course, now like it or not, we have to look for ways to earn additional income and on the other hand, currently several cryptocurrencies have taken over the price of gold and we just have to be smart about investing in shares, property, gold or BTC. In reality, it's not as easy as saying it and sometimes time is not their friend, but at least they can give the best for their family.

Inflation is causing the price of goods to go up in coins making it difficult for people to savings. But if he can fight them and survive he is successful. Lifestyle changes are very important for saving otherwise you can't save. Remember your career plan is different than others when you are employed. Your previous lifestyle will not do to sustain it for long. That's why you have to find the right solution yourself and move forward.

Young people can save money by adopting smart financial habits. They could start by creating a budget & tracking their expenses can help identify areas where spending can be reduced. Prioritising needs over wants & avoiding impulse purchases can contribute to significant savings. Exploring alternative ways to earn extra income like freelancing or part time work can boost savings. They could take advantage of technology such as budgeting apps & cashback programs can help maximise savings. By implementing these strategies young people can navigate the challenges of the cost of living & achieve their savings goals.

Let us talk about young people nowadays I think a lot of them have fallen victim to credit cards they are basically working for money they have already spent aside from other economical issues this thing with loans might be a major reason as to why a lot can not seem to save up money how will you save up money if the money you have earned were already spent before you even could touch it

I also just want to add something to what you are saying: apart from the government printing a lot of money, it will only cause a big problem in the economy of our countries because there will only be a decrease in the value of our currency itself, and then the inflation rates are still high, which is not good then.

Therefore, when this happens, it will be more difficult for the constituents to save money because of the difficulties they have faced in their lives.

Wage stagnation, rising home prices, declining purchasing power. These are economic chronic illnesses, not symptoms. Like any sickness, they require targeted, deliberate treatment. First, we must adjust our economic policies. Not reinventing the wheel, but fine-tuning it. Encourage wage growth, manage housing markets, and boost middle-class spending power. This delicate balance can be achieved with the correct fiscal and monetary solutions

Personal finance education follows. We live in a very different world than boomers. Game rules have changed, so must our strategy. Youth need the skills and knowledge to traverse this new landscape. Not simply income, but wise spending, saving, and investing. Technology can transform this. Many resources exist, including apps, online courses, and forums. Making them relevant and accessible is crucial

The way of life today has changed from the way it was decades ago. With great help from inflation, prices of commodities have drastically increased. Wages? Not so much and it’s getting increasingly difficult for middle to lower income families to be able to get by.
When there’s barely enough income coming in to comfortably afford the needs of the household, there’s little to nothing left to save making a lot of people having to take up additional jobs.

Tax cuts and incentives to the rich would literally get them majorly richer, increasing the ever increasing gap between the wealthy and the poor. Trickle down economics had the wealthy elites dinning at the table leaving the middle and lower class scrambling for crumbs that on occasion, fall to the ground.

During adolescence or early adulthood we don't think much about life, we think more about how to enjoy life at that time. Ninety percent of young people who pass their teenage years and enter adulthood expect to own a bike, have a credit card or debit card, have as much money as they want, spend as much money as they want, go on various trips, etc. But after reaching a certain age, such young people then think about how to increase their savings and how they will live in the future. There are many people who blame overspending at a certain age for not feeling well. But young people or teenagers who are in this forum are very aware and they definitely think about their savings and investments which is definitely a very good idea. Now those who are thinking about their future or investing will surely get a good future.

Yes, You raised good points here, Inflation is increasing day by day. actually, the COVID pandemic destroyed the world economy which led us to face this inflation well I think the time we are living we need to do multi-works to overcome all our needs and Dreams.

A good cash flow is required to be more successful in the present time which is only possible when you keep doing work on your good ideas and multi-works if you think that you are failing on your ideas so don't change the ideas change your strategy you will get success one day and even will buy your dream house and car one day.

A person needs a lot of money to meet his daily life needs. There are some people who are middle class and they face a lot of problems to live their life. They have to go through a lot of problems to live with the salary they get at the end of the month from their job. So they don't save any money.  Can't. Saving money is very important for us because if we face any big problem we can use this saved money. It can be very beneficial for me and my family.

Of course, everyone needs money because that's the only common medium of exchange that can make us survive and most people always experience problems in terms of finance especially for those who have medium or even below average finances, of course this is a big test that they have to pass, let alone saving to meet the needs of daily life is very difficult for them. On the other hand, the main problem is that the cost of living is increasing but the income from work is not balanced to cover all needs.

Of course it is not easy to overcome financial problems like this if we don't do something or develop because we will still live and that means needs will always exist and somehow we have to have money to survive, and that means development is really needed, not infrequently we see successful people who come from very poor backgrounds, of course they have a very good recipe for life that is the result of their tireless struggle in terms of the process and also accompanied by having seriousness in terms of change to be able to move forward.

We thank God that the world is normal now and things are getting to the right position like the way it was before. We need to understand all these things so that we can get prepared for the time the worse much comes. So many things are happening right now and we don't need to be over relaxed because we never know what would be the ext pandemic that will before us. This is one of the best time for us to save so that we can be save more before anything like pandemic would ever surface again. Those that are wise are the ones that would want to save now for a better tomorrow.

Yes, Indeed we Thanks To the Best creator Allah who makes this world and even Allah almighty saved us from this pandemic well the thing are you saying is so accurate saving is most important now these days.

Well i believe if we are earning from any source we should divide it into three parts one as savings, second as spending, and third as investment. you saving we help you to overcome you future problems ... Spending is also very important as one who do not spend is foolish like i mean he always want more and more to be accumulate and the third last Investments which will help you to stay financialy stable.

I wish we never face that kind of any pandemic in coming future because the previous one took many life :(

I agree that it isn’t so easy but then, I don’t think it is so difficult. Is it really hard to save a small percent of your income which will gradually grow up? It’s easier when the amount is small, so for someone who wants to start saving, they should start from saving smaller amounts and then eventually they can increase the amount they save. We can all make it better for the younger ones by teaching financial education and responsibility on time. This way they can learn it before they need to do it.

All things related to savings start with small savings but must be disciplined in doing it every day, week or month, if we consistently want to save every day then we will get a savings amount every day, say we can save $5 every day then we will get an amount of $150 every month and $1800 a year, that is a simple calculation that starts with small savings and you can imagine how if you could save $10, $20 or more for a day it would result in high savings every month.

If you can do this disciplinedly every day, it doesn't seem like you will collect large amounts of funds in a year. To save consistently, especially every day, is not easy, just like what is done is psychological trading, it would be even better if you save in the form of investments, so that in the long term it is not inferior to the rate of inflation that occurs

This is a fairly complex issue that we cannot discuss completely in just one thread. And yes, this problem has become an issue in many countries, where many young people are forced to work a whole week from morning till night just to earn enough to cover their needs and pay off their mounting debts. This makes them unable to save for the future.
Where on the other hand, business people are increasingly hoarding their money and not giving appropriate salaries to their employees and the government seems to be turning a blind eye to this. It was quite sad to see this condition happen.

If it's about hard working, I guess that all of us are uniting with it. In every country, there's this the same thing and problem that everyone is dealing with. About the high cost of living even if in the countries that have low cost of living, people there are saying the same thing so there's no escape here unless you're born with silver spoon but they're out of this topic since we're talking about the generation that's believing with even you work hard, you'll get the bare minimum.

On the brighter side, this is also making them realize that if they are stagnant and does the same routine, no improvement of their lives will happen.

This is the reality for some companies and employees. But there's always a labor agency where those employees think that they don't receive the deserve salary that they have. However, whether we like it or not, there's always the exploitation on the employees and you know the pat in the back moments when good job is done.

Prestige or wanting to be seen living a luxurious life with all the living facilities they have encourages individuals to take out loans with regular monthly payments + interest. The increasing burden of life will force people to work every day, if necessary they have to work overtime to meet the burden of life.
The accumulation of income and expenditure almost balances which means they have to ignore saving to finance other needs. Desires and needs will never go hand in hand, to achieve a better level of life by having savings you must prioritize needs over desires.

I do not dispute the fact that one should invest their money somewhere, but sometimes we want to purchase something or do something and because the salary or income method can’t give all the money at once, we have to save. That’s the kind of case you should consider. Asides that, you still need to have readily available cash for emergency. These doesn’t affect investments as it’s mostly recommended to split your money to each segments in percentage.

often time its the accumulation of debt because they just can't control themselves is what caused so many people to be poor despite working overtime which supposedly make them able to save some money for future planning but in reality many people are just can't hold the desire of enjoying luxurious thing as you want.
i've seen so many people with small salary already starting to buy some car by loan despite salary sometime become unstable since we all know that everyone is getting fired these days its just such a bad decision that I just don't think i would ever do that but some people just do that anyway since they think they are confident that they could make it through the loan and paying it in full but honestly at difficult time like this no one knows.
even if suddenly the interest rate is rising that already means we gonna become even more broke, definitely overall series of bad decision that could make people never got out of poverty.

I agree with you, this is exactly what happens in the environment around me, many young people are competing to fulfill their lifestyle in a luxurious way, including branded goods that have high prices, even though they themselves don't have a job with an income. clear. I think they only think about the prestige they have to fulfill, by only thinking about their youth which they have to enjoy but not thinking about their future, they can have fun at a young age, but don't think about what their old age will be like.

In my opinion, only a few young people want to save for their future, most young people today, as you said, tend to only think about how to enjoy life now and don't look at the future, even though I think the future is also important to prepare for. Those who are still young, even with their young age, they should work hard and think about their future, because I'm sure they don't want a bad future either. but this is a difference of thought so in my opinion it is not strange that something like this exists. but I hope that those who only think about their youth now can think about their future too.

It is difficult to save every day because if they are a worker who receives a salary once a month then it will be difficult to do that, unless you have your own business, or a shop that can earn every day but an employee will not be able to do that even if you have calculated simply.

Still, many of their employees who have a lot of bills will find it difficult to win especially those who have a family then their needs will go there not to save anymore, we know the salary level of each country is different so this only concludes in my own country that the average young generation is now difficult to save they just want to fulfill their own needs which lifestyle is increasing.

Try you notice, most of them now prioritize lifestyle will be more in view than saving often trivialized because of the usual lifestyle.

Saving can indeed be challenging, especially for those with monthly salaries and various financial responsibilities. The ability to save regularly can indeed be influenced by the frequency of income, and people relying on monthly salaries may find it hard to set aside money every day. The prioritization of lifestyle over saving is a trend seen in many places. The pressures of daily expenses, bills, and supporting a family can sometimes leave little room for discretionary savings.

Lifestyle choices and the desire to meet immediate needs often take precedence over long-term financial planning. This scenario is not unique to any specific country and is a reflection of broader economic and cultural trends. It implies the importance of addressing both short-term and long-term financial goals that  finds a balance between current needs and future financial security. It's a complex challenge, but small steps towards building a savings habit can make a significant difference over time.

This varies from country to country. I don't think there is a saving problem on a global scale. Some countries are even experimenting with systems like universal basic income, which gives money to citizens without them working.
I think the main problem is that some jobs pay very little. The injustice in income distribution is increasing day by day. The rich are getting richer while the poor can't rise to the middle class. Also, young people can't save or invest because they see the luxurious lives that come with social media all the time. They try to pretend like being rich and spend money relentlessly. They can't save money without changing their lifestyle.

It depends, according to me, the growing technology keeps people under control and gives them the opportunity to save and spend less as well as spend everything. In simple terms, through the smartphone, everyone is being tracked, and we've been triggered to buy things through social media platforms. We just make a search for a product, and then onwards we keep on watching ad's related to it all over the social media platforms. At some point, we think, Let's buy it. This, through some means, affects savings and makes people spend more.

The gap in social values is enough to affect human life and we are at a stage of moral crisis because life takes place independently. The birth rate is growing so much from year to year, while the quality of jobs available is becoming increasingly difficult to meet these numbers. The shift in the world economy towards the process of human life is quite large and when an area's economy is not good it will affect the quality of society within it.

It is so difficult for people to live a normal life, how can people think about saving when living their daily lives. The level of employment opportunities must be provided by yourself and people living in this era must have the skills to make money.

This is a different case and perhaps the younger generation will be lucky enough to be able to buy a car, a house and go on holiday anywhere in their teens. In some places there are still many young people who are unable to continue their education because they do not have money. It would be very detrimental if the young generation like you mean is unable to save and place their money in a much more productive way to generate profits in the long term.

The same way wealth is been handed from one generation to another,its the same way the knowledge should be passed down.The knowledge of been able manage finance,save and invest should be introduced as a matter of fact.
 This generation is slacking and lazing around thinking thier poor hard work,mentality and inappropriate response to work can put food on the table for them or cater for their bills.
  So many young people have difficulty in saving money;the lack of inculcating a saving lifestyle is mostly what contributes to poverty in the country.We are trying to encourage people on the need to save for rainy days,but only few young people wants to be in charge of thier finances.
 
The criteria for a successful life is hardwork,saving and investing but most people still enjoy been stucked in thief current stagnant position.

This is the time of social media, everyone is showing their income and lifestyle. Others get influenced and they also start spending all money. No one is focused on saving money which causes lot of financial problems in future.

You have to look at the bigger picture, because you have a two fold problem here, namely :

1. Inflation : The inflation has increased way more than what wages increased, so people are getting less money to pay for expenses and the expenses increased.

2. Buying power declined : We know governments are trying to print them out of problems, when it comes to printing money. Since 1933... the US Dollar has lost almost 92% of it's purchasing power.

Debt is almost unavoidable, so people will not have savings.. because they have too much debt to pay.  

I do not think that we are going to end up with a total collapse, it is not going to be ending up with anything major. I feel like there are moments when it crashes, that happens, there is no argument about that, but at the same time we need to realize that it is not going to be all that weird in the end neither.

We just need to realize that it's bad times vs good times, it is not going to be zero. People who expect the federal reserve to crash must realize that USA is way too big for that and they are not going to be getting to that Zimbabwe sort of level. We just need to accept the fact that they are going to be what they are going to be and we need to work around that and figure out a way get rich no matter what happens.

Well, technology is getting more advanced day by day because developers are making more accurate it. One thing happens to me very time like I am talking with my friends or family members about something after sometimes It start to show me the very relevant item or products I was talking about well maybe it is due to the smart listening of our mobile devices because when we are talking with someone it keeps tracking us like what the user is talking about and when we are using our mobile phones it starts to show us the Ad's of the same thing we were having talks haha :D

Happened with you the same thing any time?

That people are not able to save money is up to their inability.
The lack of discipline is predominant in many societies.

Some people save money but in crypto, in countries which have high inflation in cars, houses, land. Some even in shares.

People who have not been able to save are people who usually have a small income or an income that is only enough for their daily food costs. But basically those who have not been able to save will definitely have the intention to do so if they already have more ability through the income they earn and whereas those who save through crypto and shares are usually people who already have more income. So they can make adjustments between the funds they will consume daily and savings funds in any form.

Regarding lack of discipline, it seems like this is only owned by lazy people who don't want to manage their time properly enough so they will only try when they are hungry and really have no intention of achieving better development for themselves. So this is different from those who are unable to save but still have the intention to save and is also different from those who are able to save in crypto and shares, because the three are not the same category.

Partly true.
Partly because I see people being poor are able to unite cash for a bottle.
I also have seen kids not knowing that 20 is much more than 10.
Ignorance is what makes people remain in poverty.
Education being the only medicine which works.

I agree with you, knowledge about money management certainly has to be passed on or learned in order to be able to manage finances well, of course this can determine the future, because usually the current young generation doesn't think about the future so they can't manage their finances well, either. with current developments, where many young people always want to appear luxurious in front of many people, and in my opinion this is what encourages them to spend a lot of money to fulfill their style which wants to be seen by many people.

and in my opinion, only a few young people want to save for their future. Nowadays many young people are lazy about working, even though in my opinion they need income because they themselves also definitely have desires that must be fulfilled, and if they ask their parents for all that, in my opinion they are shameless, because of their age. When they are adults, they should be able to earn their own money and save instead of just asking their parents. Most young people are stuck in a zone that makes them comfortable, even though it doesn't produce results, they are still comfortable, it would be a shame if they continued like that and didn't think about the future.

We do agree changes are needed, although nobody knows for sure which changes should happen to assure the results we are looking for. Some will claim more financial freedom is needed, while others defend more state's intervention. In the end, none of the measures promoted seem to work for real, because there is a common human factor on both methodologies which is fail and ended preventing considerable positive results appearing for everyone, especially nowadays, since individuality has grown stronger than ever, and people became more egoistical and selfish.

So if someone is able to thrive in life through any means, he won't care enough if everybody else is also doing well or facing harsh situations in life, like you mentioned in your post. These people are on top positions of the world, and of course don't want any changes at all, because it's comfortable for them how the system is right now. In my opinion, although we always have God watching and intervening for us, we are by ourselves in this physical world, thinking at society's level. You can't rely on authorities, coaches, celebrities, businessmen and fake messiahs who appear on our modern society from times to times in order to make a change in your life for the better.

What we can try doing is to find gaps on this wicked system we live in, so we can improve our standards and life quality step by step. Bitcoin is one of these gaps, while other gaps involve certain attitudes you have for yourself, such as keeping your monthly budget under control, avoiding superfluous companions and empty women, boasting parties and rides, and of course, not starting a family without a planning in advance.

The extreme change or measure here is to respond to an individual and selfish society with more individuality from your part. That is how we survive these days, I suppose...

Forget stork deliveries and baby booms – in the West, having kids these days feels more like dodging a financial meteor shower. Gone are the days of government handouts and overflowing piggy banks. Instead, we're juggling stagnant wages, shrinking paychecks, and the ever-present threat of "budget cuts." No wonder many of us are looking at parenthood with the same enthusiasm as a tax audit.

It's not just about the money, though. We're also facing a cultural shift where climbing the career ladder and sipping oat-milk lattes seem more glamorous than sleepless nights and diaper duty. Don't get me wrong, there's nothing wrong with ambition or fancy coffee, but let's be honest, raising kids ain't exactly a walk in the park, especially when the park costs an arm and a leg.

So, what's the answer? Draconian austerity measures to punish people for not breeding like rabbits? Nah, that's just gonna make everyone even more stressed and put parenthood further out of reach. Instead, how about we try something a little more…human?

savings are a pile to continue our future, with savings we can enjoy the future, if our savings are enough for old age then life in the future will be easy, by joining bitcoin we hope to produce results from our savings in old age, by If we are serious about achieving savings in a more beautiful old age, then from now on we must manage our finances well, expenses and income must be stable, so that it is easy to organize the future of our own savings, the problem of making savings is a bit overwhelming for those of us who If you have less income, then by joining Bitcoin we have to fight for a more beautiful future. Being grateful that Bitcoin makes us enthusiastic about saving for a more beautiful old age.

This is only a result of the hyper-inflated toilet paper money, in 70's Someone could buy a property with a 12-month salary but now it has gone up to 240 months which is 200% increase which means the young generation can't build their revenue unless they are doing something exceptional in the previous ear most people can lead decent life only with a salary pay check.

But I don't see any solution to retrieve it back to that old condition and the condition will get worse due to the consumerism culture all over the world and people no longer have the mindset of saving any money and they say they want to live the moment.

When it comes to savings then this is something that you would really be needing to have, in my case on which i do have fiat savings but only for emergency purposes only and not really going all in on saving up through the form of fiat considering that inflation is there. This is why i do make myself wise on making investment and business. Yes, it is really indeed risky but doesnt mean that you could really be able to make yourself having no choice on being progressive when it comes to financial aspect. There are really just those people who cant really be able to think up well in regarding about future on which they would really be rather focusing into the things on what they do have in front and wont really be tending to zoom out to find for another opportunity.

This is why it would really be that best that you should really be focusing into the opportunity on which it would really be giving and you would really be needing to work and be wise
on every decisions that you are making but of course you should be wary about the risks involved as always.

In an inflationary environment, fiat savings aren't the best option. Important to diversify. While risky, investing and entrepreneurship give growth that a savings account can't. Enormous potential comes with enormous responsibility. Balance risk and return, be attentive but daring

You're right about people focusing on what's in front of them. Financial foresight matters. Create chances, not just seize them. As you said, wise decision-making is crucial. Still, staying informed and learning is crucial. The economy and finance are always changing. Staying ahead needs judgment and a passion for information. Be cautious, wise, and most importantly, adaptable

A big problem with this is that poor people are somehow still making babies at a higher rate, whereas middle income people are giving up on it, knowing that they are not going to end up with anything meaningful to provide for their child. If you look at the growth rate of the population, its slowing down, in some nations its even getting to the point where its starting to go down. In a generation or two, we will have a world population that will start to go down, and that is not bad, but its bad for certain nations who will rapidly lose population while some others do well. How could we have an ysavings when our fathers not only worked to buy a house and a car and gave us good life, when we fail to have any life at all all by ourselves? In any case, this will not be a simple solution without a doubt, but there must be something done about this issue.

As many as there are servant people, the problem of money is only for those people.
Who have their own business are always happy with what they have because they save in it, they think ahead. They will not sell his purchased item at a lower price, so it is obvious that he will sell it for more money than the purchased price, so what is always in business is the benefit. I want to address the people and say that if a person works for himself, then it is best not to work for someone else, because his own business always benefits you at any time.

That's right, there should be a prediction that life does not always go without financial problems, for me vacationing and spreeing is a form of entertaining myself but that does not mean spending all of it or even taking from savings, I think there is still that. It is not a problem to fulfill desires including going and buying what you want as long as the ratio is maintained and there is still savings (clear management) that I feel when I need money including trading capital, of course it must be prepared rather than waiting for urgency.

Granted, it's each person's money, but when times are tough, these people may even blame the country's economy. Such as the weakening exchange rate, expensive transportation, public facilities that have increased their costs, etc. If sensitizing with soft story telling can still be done as sharply as possible, it seems to me that it can be developed, currently I rarely hear advice on saving unless it only offers excess interest in a financial institution, moral messages can also be done by state participation in the form of overcoming the mindset that saving is very doable even if only $ 0.5 / local currency  ;D

I agree that Purchasing Power is getting worse each generation, based on this site Inflation Calculator (https://www.in2013dollars.com/us/inflation/1900?amount=1), 1$ dollar in 1900 is now equal to $0.03. It's crazy to see how much our dollar getting worse each generation and there are no real solutions for this, in my opinion, what we can do is we should not waste on anything like food, gases, technology, electricity, water, etc. Many young people these days love to waste many things and we should change this habit from our kids so the next generation should value for what they have.

It is everywhere and even the developed nations are lamenting unless you have a high-paying job which is not so many people that would have the opportunity to secure. The best is to have multiple jobs/works or any other means by which income would be entering your account/wallet, be it formal or informal, that's how you can make it in life and you can be financially free. Many are resolving to save too, but to many as well, the saving plans are not easy, they will try and will continue to fail due to too many commitments and bills to pay. This is why the problem should be solved from the root, and that is the income problem. If you ever have an income problem, you will surely have a savings problem unless you are such that is not financially burdened by friends and family members, while some have extended dependents to take care of.

This is why I do not bother myself with any savings calculations, and it is either I have the money to do whatever I want to do or I do not have it at all. This means that I do not force myself to save but rather invest to make more. When my investment with other hustle materialises, no one will tell me to pursue my goal with the money even without having to frustrate myself on the savings. Above all, let us find a way to make more money and not let the banks be using our money for free while we earn so little. It can be a short-term investment in companies, or direct investment online. You can also buy land with your money and find other means to earn more to achieve an end.

It is not that changes are needed, changes are coming no matter what, capitalism gained the support of the people as it brought incredible benefits to everyone, many poor people could enjoy a nice salary and a better life, the middle class lived a life of privilege that even the most powerful people a century ago could only dream, and in return the richer got richer as well, so everyone won with that system, but now those at the top want everything for themselves, the middle class is disappearing, while to poor are just getting by, and if this continues for long I can assure you it will not be long until people demand for another system, even if it is to their detriment.

I think the problem in which people are finding it difficult to save money is because of the inflation rate, the inflation has cause living to be very expensive that working people can't even afford to get the basic things for them.  This inflation problem is a challenge that is affecting most countries and it will surprise you that some people have reduce their level of standard of living but still the inflation affecting them that it is not even easy again to save money. The inflation is affecting the poor and the middle class more, the rich people are making more money because before this time that inflation as not gotten to this level the rich people have already gotten a standard foundation that they can always create wealth even with the inflation challenge.

The problem of saving money this time is not just an issue of living luxurious lifestyle but why it is hard to save money is because the inflation rate that is increasing on a steady,  this will really affect people to meet up with their responsibilities. I think one just need more source of income to be able to balance financially.

going on holiday and going on an excursion is one way to pamper yourself, so that is a normal thing, in fact, in my opinion, what is not natural is people who do not want or have no desire at all to go on holiday, because in my opinion, taking a vacation is a necessity that must be done. with my own aim to refresh my mind, including making me relax because I like to vacation in places with a natural theme, and of course this requires money to do it, but the other side that must be considered is finances too, as you said, with holidays like This doesn't mean we have to spend all our savings. because that is not a good goal.

In my own environment there are many young people who go on holiday, but before going on holiday they collect money first or save, but only for the holiday, so after going on holiday they don't save any more. I think they have a little thought that needs to be corrected, because even if they don't have a purpose for going on holiday, they should save for their future and for their own good, also on the other hand, of course we will need emergency funds that we must have at certain times. , so in my opinion the importance of having savings is that it can help us at certain times, especially if an accident or illness occurs, of course this requires money to pay for treatment, so the younger generation should be able to think on this side.

I feel like our generation learned how to understand financial and economic life at an earlier age compared to the previous generation. Which is honestly a good thing. Because the younger generation becomes aware of how hard it is to live in the economy. I think it's one of the factor why there's a decline in birth rate since people don't want child because of how expensive it is. And of course, we really can't deny that inflation is growing rapidly, but the salary isn't increasing as much as how inflation grows.
And tbh, I also feel like back then, things were more inexpensive and their salaries can cope up with the living expenses. Even my aunties were able to purchase their land at their mid ages. Unlike now where it would be hard especially if you're living with an average salary. If an average person is having a hard time to allocate his salary for his daily living expenses, of course it's harder to save.

Youth generation have been smart than old generation with money management, they have long term planning with salary payment how much have spending for daily needed and how much percent have use for saving assets. Many of them not use saving only but want to increasing their saving fund by investing in stock and some of them put in Bank deposit until invest in bitcoin. I am so excited with youth generation have planning to credit house with their salary payment not really huge but enough for saving fund and great manage planning for the future.
But for youth generation must be smart with investment assets, saving in the Bank is not profitable much because fiat have more inflation values in the future and put saving fund in Bank deposit or invest it in stock or cryptocurrency will more profitable in the future.

Sorry but I am having the opposite opinion regarding your point wherein the present generation has learned or even smarter than the past when it comes to money management because I can see them doing the other way. Lavishness is what will describe this young individuals that are posting indiscriminately and mostly on social media about their lifestyles. If I am not mistaken their lifestyle today doubled or even tripled that of the previous generation when it comes to excessive spending one reason is also inflation but yeah they don't care about assets though not all of them but majority of them do.

We need holidays to breathe fresh air, right? Flip the script for a moment. Life isn't simply vacations. A mix of necessities, wants, and surprises. Foresight and renewal are essential. We construct for tomorrow as well as today

The kids saving just for vacations is a start, but there's more. Like chess with nature, life's unpredictable. You've got to think several steps ahead. Savings aren't simply for enjoyment; they protect you from life's surprises. Emergencies like health crises aren't maybes. The main challenge is teaching kids balanced saving. It's about being present but focused on the future. Help children see savings as a foundation for a strong, well-rounded life, not just a means to an end

And there's nothing wrong with that, their life their choice.

The current generation like to become popular, get validation and exploring anything. Unlike the old generation where they spent most of their times to work and save their money in order to enjoy their retirement.

Since the current generation don't care with retirement funds, it means they will work until they die.

You mean the generation you know from tv shows and social media?
That is about 15% of the generation. While many dream of becoming a influencer they actually won't make it to that stage.

Saving money is something that have never been easy even if you earn a reasonable amount of money. When you have money it is very easy for the money to be spent because that is when you will have a lots of things and demand to solve with money. But savings can take place by good decision even with the demands out their. Savings is not just easy for any body but with discipline one can still try it's best to save something no matter how much that is earned as income.

Dear, do you ever think saving money is getting more difficult day by day? it is because of the high inflation rate we all are facing in the current span well let's say if the person is getting a good income right but on the other hand his expenses are also increasing due to an increase in inflation rate but if one gets success in saving his some of money it will be prove a good luck for him/her in the future needs.

I think we should divide our salaries/income into three parts, one for the expenses, second for investing to make more money out of it, and third for saving which I think is a good strategy for making a good portfolio.

Really hard to save when everything is really that shooting up specially into those commodity price on which we know that this isnt something that getting lower as years passing by.
The worst thing that even payrates or salary or wages arent that increasing anytime soon. If they do make some increase then it is really just that peanuts on which it doesnt
really be able to compensate at least with that inflation effects. This is why into those people who are really just that earning less would really be just that sensible that they should really be finding
any income source that they could be able to get on so that they could really be able to survive.

We are really that finding up methods and ways for us to compensate somehow for us to survive specially if you do have a family to feed then you should do more work for you to have
that extra income but we do know that not all would really be that someone whose really that good when it comes to this one.

The reason why people are not saving so much anymore is because more and more people understand the fact that saving is not really saving. What saving really is, is investing into fiat. However due to the inflationary nature of fiat, that investment becomes worthless over time. And yes, I agree that changes need to be made.

Sure, saving up money is the instinctive way to protect your wealth. But that instinct is wrong. The best way to save up money is to invest in things more worthwhile than fiat.

Personally, I would invest it all into Bitcoin and a few smaller investments in other cryptocurrencies. I am sure that nobody on this forum needs an explanation why.

The lifestyle of the people has changed in every generation and this is also because of the developing technology that we have as people are just exploring what they see around them and they want to be happy which is why they work hard and enjoy life. But I don't care what they are doing as it was their choice.

Well, the question is if they have a savings plan to stay in a luxurious life for a long time especially when they can't work anymore. We notice that if not most but many didn't do this thing as they were disturbed by their bad spending habits and ended up broke and empty when getting old. Most of them just rely on their pensions, not on their savings.

There would really be coming a point in life on which you do have those kind of thoughts that saving wont really be that needed specially on the moment that you do see that your pocket is full on which someone
wont really be that something mindful about on what would happen in future. They wont really be minding about those probabilities that they could really be able to deal with because on the time that they will really be able to think up and realize those things is on the moment that they dont already have the money into their pocket. We do know that regrets do really always happen at the end on which it would really be just that normal
that people would be not giving out importance if they are still on a good situation or condition but once things been fucked up then they would really be starting on doing into those so called solutions
but it do really ends up on being your self learning experience.

There's no way on knowing on what would happen in the  future, this is why it would be always that relevant that you should really be having some savings because
once financial aspect would kick in then you wont really be finding yourself on such big trouble.

Not a good example. If you put this $1 on your savings account in 1900 without interest, then of course it has only $0.03 in buying power today. But if you would have invested this $1 into the S&P 500 in 1900, it would be $113,000 today [1].

[1] Here is a calculator for this https://ofdollarsanddata.com/sp500-dca-calculator/

Good observation. I also thought this is one of the main reason why the decline of the birth rate. The Millennials must have seen how hard it is to live in a modernized world with a lot of unemployed people and the inflation rate are rapidly growing while the salary increase can barely cope up with the inflation. But in spite these facts, I believe there are still those who can afford to put aside a savings without sacrificing anything financially. Since the economy are constantly changing, people must need to adapt to the changes to keep up being able to afford the cost of living. One must need to constantly learn new skills to keep up with the competitive  job market. The more skilled you are, the more you're earning.
Also, savings may not be a thing for the younger generations now as they are already paying premiums for retirement  plans and other insurances.

People have different methods to execute the act of saving. For some, they don’t have to do a lot, they’ll find it easy to save the money. If you find it difficult because there are things that needs the money, make saving a priority and need too. Before the income comes, don’t put saving to the bottom of the list (Something that could happen if money was left). No. Put it at the top. Let it be the first thing you resolve when you receive your salary.

I just read an article that stated 44% of Americans don't have the savings to handle an unexpected $1,000 bill.  This seems shocking to me.  Certainly this can't be totally true...  The article even argued that it is against human nature to save.  I'm not sure I believe that.  As a saver, I feel the opposite.  I think human beings are meant to save and make sure their future will be provided for.  However, companies spend billions of dollars advertising to get you to spend your savings on their products.  Society has been trained to not save and chase the Kardashians by buying overpriced goods.  Just know this fact and do better.  It makes it easier to get ahead in the end...

lets imagine
M2 money= is comprised of cash outside of the private banking system plus current account deposits – while also including capital in savings accounts, money market accounts and retail mutual funds, and time deposits

lets imagine a $20trill economy of wealth of M2
lets imagine 2.6% of that is $520,000,000,000
lets imagine 50% of 330m population = 165m people
now on that math alone 50% of population only averages $3,151.51 in the m2
then deducting min wage salary ($15/h*8hour*5day*4weeks=2400) is $651 left

so seems once you deduct someones monthly salary from that.. all that is left is... yep not much at all as "savings"

..

here is the thing.. if people were naturally savers.. there would be no loans.. no need for credit cards. because people naturally save
its like if people were naturally banana farmers, there would be no retail of bananas as everyone would make their own produce

in short people are not natural savers, not any more
..
credit cards did not exist pre 1950's so people WERE better at saving pre WW2
however as times move on and societies teaching do not educate people to save/ration anymore, but instead educate people to earn a credit number, so they can then get more credit

Most people forget about tomorrow, but I am also against forgetting about today. If you keep working towards a tomorrow that may never come, so that your children will live a better life you will forfeit your life all together. You should balance it out, you shouldn't live just for today, but you shouldn't live for just tomorrow neither. You should live the best life you possibly could while saving for tomorrow, find that balance, put some aside, and spend the rest so that your life had some meaning.

I may go one way or the other time to time, but these days, I am just living for debt, but when that's over, I will try to balance as much as I can. I like to live a good life, while also putting some aside every single month for the future.

saving just for the sake of saving, never ends well. its not enough of a motivation, people usually give up if there is no goal
you need a reason, something to get excited about, something to look forward to, so that you stay on-plan
something to trick the brain that the saving today is actually a gain and not a loss/depravation

to start saving. just think about tomorrow
look at your income. take out the bills+expenses.
and then with the remainder. divide it down to a daily amount

each day when you are thinking about buying something. think about
"if i dont buy this today, i can buy 2x tomorrow"(virtual mindtrick just for that instant moment in time)
EG a $4 coffee
then tomorrow. you dont feel guilty buying ONE coffee. because you saved on yesterday's. and because you went without coffee yesterday. sipping that ONE coffee today FEELS TWICE AS NICE. it starts to feel like a well deserved treat. rather then just a drink, you enjoy the coffee better
(its the mindset trick.. much like the opposite of would christmas feel as special if christmas was everyday)
if you can repeat this each 2day, over 30 days you have saved 15times of $4 = $60 a month = $720 a year

how many items do you buy a day that you can play the "think about tomorrow" to live a day without

do you eat $10 of steak each day. can you eat $5 of chicken so you can tell yourself it free's up cash today to buy $15 prime steak tomorrow, or save $5 every couple days($75 a month) for future event($900 a year)

then test yourself. can you go 2 days without, 1 day with..

you dont have to live a whole year without steak or coffee.. but even just the one day off, one day on two day challenge. can save $1620 a year

..
im not suggesting to think of a big item of $1620 a year to have as a goal. but just having a save today to enjoy mentally twice as much tomorrow. makes things every couple days feel a treat and gets you to save. and feel that saving enjoyment multiple times a week instead of once a year
you feel the achievement every couple days instead of at the end of the year

I think that is still possible now, as long you know how to budget your salary and you have no debts. You can always built even a small property because I'm sure that is still affordable. But if your salary is huge and then you also have an extra income, building a big property is also possible.

Young generations are still on to something which are less serious, so yeah they may not build anything valuable with their revenue/money but as long as they grow older, their thinking will also change and start to value their money more. There may be low inflation before but there are now more ways to earn. This makes people encourage to invest and earn more. The more they will do it because they think life is harder now. But indeed, there are also people who only wants to live the moment, thinking life is too short to wait and worry.

The median salary in US in 1970 is around 6K to 7K a year and the price of a small house is 20K. So price of the house is 3 years of salary but let's compare it with the year 2023 the average salary is $60K a year and the price of a house is easily over 500K so the price is 9-10 years that is the difference which I am trying to point out.

Surely the ways of money making opportunity is wider now but also the competition is high so only the best of best can be at that stage while an average individual will have to survive forever.

Saving makes your money a dead investment and could be affected by inflation. Saving fiat and then hodling other class of assets might be better. Saving is good for only short term purposes to cater our basic needs and of course other expenses like health and property maintenances. That is why savers are the only survivor in any crisis compared to those who keep on spending their money for nonsense things and living in a lavish lifestyle.

Do you expect people not to eat food , have access of electricity, and water just because things are expensive? This are things that people can't do without.  No matter how expensive food is people will always spend their last money to afford food to survive. Managing food, water,  electricity will not change anything honestly. Things are very difficult,  money is hard to get but their are things we will always need in our everyday life .

This has been the problem recently, people prefer living extravagant lifestyle which is bad, saving is no longer an option for people, showing up and lavishing in debt is now a normal lifestyle, this set of individuals that toll this lane will regret it in no long time because saving a little digit of your of your earnings is good my time anyway, sometimes I wonder how individual see needless stuff as a necessity, how would one ignore saving which the fundamental aspect of human financial foundation to expend in things that are not of utmost important, a debtor is more like a prisoner, he is not free until his debt are been paid.

Another reason for this problem is that expenditure is higher than income.  When a person earns 3$ and spends 4$, he has to borrow the remaining 1$ and pay it back with his salary. This is how the debt started. This is how people continue to borrow. This is how he  No more saving.  There is an overpopulation problem with it.  If there are 8 members in a family and only one earner, how will that person save money?

This purely inflation. If the amount you are spending is more than what you are earning, you need to take some balance to check your spending limits, your demands, your needs and your wants; reduce your wants and focus on your needs so as to get balance or you will be a debtor for life because your salary will only be use to settle your loans so that you will be eligible for another loan. That is why wise people says that if your salary is your only source of income, then you are just one step away from poverty, that is why it is advisable to have a side hustle apart from your main work.

Tech, web development, and other skills can earn us more money to stop relying on our salaries; if we have side hustle, we will have chance to save money for investment and for future use so that we cannot be debtors for life. Let's use our time to learn skills that will help us in the future.

Nope it's the lack of discipline. Inflation is when prices rise thus the money you make buys less.

It was inevitable really, the "West" had things very good and easy for a long time, but other countries in the world - huge ones like China and India are fighting their way up. All these materialistic things in the world come from finite sources and when there are more consumers around it means that purchasing power in these big importer countries will go down. America used to produce a lot more of the stuff that they used, then they decided to export it to places like China where it became cheaper to make, now the Chinese have a taste of the good life and don't have plans to turn back. Countries like America and the ones in Europe have had good times for a long time, so they will need to adjust to this new reality.

I think income will influence how much people will spend to meet their daily costs and just imagine if there was no income, how could they try to create a strategy to save. The way to increase income and get rid of unnecessary expenses so that the balance will be much more rational because expenses are much less compared to income. If someone only has one income then there are many things they need to do except for one income with a large salary.

But if we are talking about a small salary then it is appropriate for that person to try to find a way to make money elsewhere because otherwise life will never change. Uncertain economic conditions sometimes make it difficult for us to find work and there are places where they start to reduce workers because they are unable to provide salaries due to declining sales.

Recognize your talents and explore your potential because that's where we know what to do, currently technological developments are quite widespread and there are many ways for someone to make money, as long as they know what to use to do it. In this way, we will have the opportunity to save and invest or build a business independently without the involvement of other people as investors.

i think everyone should atleast once try doing a "one month challenge" where they look at their local social security/welfare/unemployment provisions of income and just act as if the only income they have is their amount provided in dire times.
and then open a spreadsheet and then truly budget within those limits.

then they can truly see where they are spending excessively if they are forced to live within a budget.

most people instead try to find excuses or "needs" to spend their regular income, mainly because they are afraid to change their lifestyle. and its the non-desire/fear of lifestyle changing that makes them avoid saving and just not even try

saving is not about wealth accumulation to get rich...
savings is not about living poor to attain riches..
saving is about saving an allotment of money as a rainyday fund for when things do get dire/worse!! so the dire incident doesnt hurt so much because you are insuring yourself of those events via the rainy day fund

so practice/pretend as if this coming month is a dire situation of unemployment, live and spend as if this coming month is like being on unemployment welfare. and set aside the excess..

challenge yourself. heck call february your "frugal february" month. see how much you can set aside in february
take the next few days to plan all the budgeting strategies you can think of, or learn about to do a one month challenge starting Feb 1st

Stagnant wages, skyrocketing housing prices, and dwindling purchasing power aren't just temporary hiccups; they're chronic ailments plaguing our economic system. And like any illness, ignoring them won't make them disappear. We need a diagnosis, a treatment plan, and a commitment to recovery.

Fine-tuning, not reinventing, is the key. Tinkering with policies to encourage wage growth, manage housing markets, and empower the middle class is the first step. It's about finding the sweet spot where everyone wins – businesses thrive, workers get a fair share, and the gears of the economy keep turning smoothly. Fiscal and monetary tools are our tools, and it's time to wield them with precision and purpose.

But fixing the economy isn't just about policy prescriptions; it's about equipping people with the tools to navigate it. Enter personal finance education, the missing piece of the puzzle. We can't send young folks into this economic jungle without a compass and a survival guide. They need to understand the new game rules, the art of wise spending, the power of saving, and the magic of investing.

It will be quite difficult for a family to save or set aside money to save in their own life, because the large number of members in a family also becomes a very real obstacle for the head of the family themselves in terms of adjusting their savings plans. Because in reality, when the number of family members increases, of course the income of the head of the family must also increase so that his living expenses can be quite appropriate and equal. But if the family still has to spend more money than the salary they get, of course it will be very difficult for them to stay out of debt because in the end they have to continue to be in debt and cover it when the new salary comes out.

However, for those who are single or unmarried, at least they can still make a plan to save so that it won't be so difficult to support their own family when they are married and ensure that their partner also has a job so that the level of income they get later can be more and they don't have to borrowing to cover the family's basic needs in life.

It is quite difficult to keep a job for a family member who has most responsibilities for the kids. Keeping the job requires hiring someone who will watch a newborn family member and this makes the expenses bigger. Sometimes it is cheaper to take care of a baby by yourself then to hire a professional babysitter. That’s why the situation, where two adults meet each other and start family, when both of them are working and having stable salary, is close to impossible, at least for the first time when they will have an increase in family.

There are really indeed life situations on which it is really that inevitable for you to avoid on which you dont really have no choice but to sacrifice one of those things just for you to save up money.
Just like on the situation you have pictured out on which there's no way that you could really be able to work well if you do have a newborn baby on which having both husband and wife
which you do have your own jobs would be an advantage but due to that condition then one of you would really be needing to give up on which it would be usually your wife would be the ones who
would really be giving up their job just to focus out on babysitting or taking care of it rather than on getting a maid.If your salary could be able to patch up then it might be
considered on getting one and proceed but well it would really be just that depending on you.

Which is why I think an economic crash is nigh and necessary at this point. And while it's definitely gonna cause a lot of death and starvation amongst those below the poverty line, I see this as a reset that would allow people to have the same amount of purchasing power as our forefathers did in the past. See, the wage gap is increasing yearly and there's nothing that we can't do about it. House prices are skyrocketing, making it impossible for us to even dream of owning our very own houses. The final straw for me is the fucking payment arrangement pizza where you can pay your pizza in installments, at this point I'm sure we're already in the end times of the economy. Soon as a crash happens houses will be dirt cheap, jobs are going to be easier to come by and would pay comfortable rates, and so on.

I don't mean to be the end of the world guy of this forum but as it stands today it seems as though that's what's being laid in front of us. The good thing is that if we make it out alive we're going to experience one of the most fulfilling economic times in the history of man. So I guess it's those instances where you use radical solutions for radical problems lol.

For couples who both work, it will be very difficult to take care of their family if their child is still a toddler and they have to hire someone else to take care of their child, of course they have to pay for the worker and if each partner really understands and chooses to take care of the family themselves. then the couple stops working and taking care of their family and has to look for additional income from their husband to increase their income because their partner is the only one who works.

Before thinking about adding family members, it is very important for couples to have a plan to have a stable income so that they can meet their family's needs and still be able to save for their other needs.

Now there are child care centers that can be used by married couples or they can also entrust their children to one of the parents. Conditions like this have been going on for a long time, even my younger siblings and I were entrusted to our grandmother because our parents were busy at work. If we are looking for a nanny, we might need money, but in my opinion the cost for a nanny is not too big and expensive because now there are many people who want to look after children. Someone who has the intention to improve their level of income from work will definitely have a way, unless they themselves are lazy and don't want to work and are looking for a solution.

Children are also a way that God has given to increase sustenance for parents and you don't need to worry that having several children will make life more difficult. When the child is still small, expenses are not too large and parents must be able to save in this condition because when the child is an adult and has entered college the expenses will be much more.

The reality is, people do not actually rely from saving anymore, but by taking a loan as they get instant approval most especially if they present good and stable sources of income. With that, the essence of saving most especially for the younger ones have started to vanish until out of 10 workers, only 1 is able to do so.

That’s how fast and influential the changes are. If there are no instant loan offers, they will be encouraged to work hard and save more. But this is the reality now, people are dependent already on what is instant than taking a long process like saving for their future.

A whole lot is needed financially if it's about a family, and the size of the family matters as well. Some families would have 5 children, this is in every country where birth control is not enforced, yet many survived without financial issues, and if they could survive, I think that no one should have an excuse about this, or else, they should "cut their clothes according to the clothes" and do not birth more children than necessary. They should understand their income limits, plan around it and perhaps add more hustling if that is what will save the day. They should know that it is not about who will be with the child/children alone but how they provide for every facet of their needs. The bills have to be paid one way or the other and I do not see it as the best option for one of the parents to stay idle and be taking care of the children while the other works out his life. Because if the two are working, particularly if they are well-qualified for a high-paying job, it would be better. With that, they can pay the service of the caregiver of their child/children and still have more to save. All these are calculations and it has to be priorities unless either of the parents are so rich to the extent that all bills can be sorted out without any issues.

Still, it is so unadvised for one to be practically redundant, what if something bad happens to the breadwinner of the family? I will never subscribe to that unless she just didn't secure a job despite all the couple's efforts. Bills payment is a must whether we like it or not, and the more we pay it with a low-paying job, the more it can be frustrating which is what takes me to the point that all families must ensure that they are financially free. If not, they should not rest but strive more to secure a better job or add more earning means to the one(s) they have. People often complain really, and I know a whole lot that will be in their comfort zone and continue to complain, but bro, it doesn't work that way, you push it before it moves, not otherwise unless you are just lucky. If both couples can be earning well, I can assure you that there will be no issues in the family regarding finances and more money will also be available to either save, invest or use to build their house or acquire properties. And life goes on. It is only the lazy or health-challenged people that should panic, once we can think and make the necessary moves, I am sure that our lives will not remain the same.

Well this is actually true and precise on which people would really be that taking up this method rather than on saving it up but this would really be actually that depending on a certain individual because not all would really be liking on getting up some loan as they dont really like on engaging through it but rather they would really be liking on having no debts which it isnt really that bad either.
But i do definitely agree into the idea that people would really be just simply skipping out on making some savings and would really be just simply taking up those options rather than on
trying out to accumulate fiat as savings which it would really be that a long term process on which i do agree into this point plus you wont really be able to easily do it
considering on different factors that do really affect out on how you would really be able to do such thing.

It's very easy to spend money we earned than saving them because we cannot be completely done with budget needs, however, there are wants and needs from our budget plans, we must also administer the way to properly manage our asset in other not to waste them on what are not going to be profitable on us, another thing is to help the source to our income by making efforts on additional source in other to have alternative or backup, so that the income will be sufficient enough for both savings and expenses.

Saving and applying for loan are both having its own pros and cons.
With saving, everyone is allowed to save. However, the amount of money will be limited to the amount you saved for a period of time before you needed it. With savings, it is accessible whenever you will want to unlike with Loans which will quite take a while with approval and releasing of money. Loan or borrowed money will also have its interest rate which is a downside to some people but that is of course for urgency and convenience with huge amounts of money to be borrowed. I guess it depends on where you plan to use it. If it is for future investments and businesses then a Loan could give you a decent amount to support that instance. If it is for personal "wants" then saving will be a good alternative. And with urgency both could be applicable depending on which would be more accessible on your end.

Unfortunately, loans are limited to the mount you can provide with your salary. Interest rate will also be quite of a burden given thaat some loans are having high rate of interest. But I would agree this would be a better option especially for investment purposes. And if it happened to be a profitable one such as with apartments, investment itself will pay the interest for you and that will be a cycle afterwards. This is what businessmen do in my country but ofcourse will not always be in accordance with our desires; if that thing where your loaned money will be used, won't generate enough money to cover your monthly payment, then that is where problem could take place.

Theres a truth some many of us today are yet to come to reality with, which is, this world is not going to get any better than it were yesteryears not minding the economic plans and strategies governments of the world may want to sell to us. People always talk about multiple streams of income and am not excluded in that group that always clamour for multiple streams of income making but in actuality it's also difficult to have a multiple source of income as the capital to building this sources are not available. In some societies a large number of people are battling just to have a three square meal for the day just for daily survival and you will wonder where are we really heading to.

Its hard to make savings when you are earning money and cannot cover your total expenses for the month. When we end up having debts or more things to take care of before the month ends, how do you expect the masses to save? My friend would always say that the only people who save are those who have had enough to cover their expenses and still have more left in their hands. Currently, I cant remember the last time I saved. However, I prefer investing my money instead of saving it. I dont know if this is a terrible idea since there are no emergency funds to look up to in case anything goes wrong in the future.

Exactly, knowing the difference between wants and need is very important when you are trying to save some money; you will be overlooking your wants and focus only on the needs so as to save some funds for future. To achieve that, you have to avoid peer pressure because that is one of the main reason young people don't save money, they will always be looking at their colleagues so as to have all the have as well.

You also need another source of income, depending only on your salary cannot make you become rich, it will always be either you are satisfied with what you have, or the money will not be enough for your needs, because of that, you need extra source of income to be able to save and plan for your future.

You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.

the first issue is people spend first, then look at their bank account near the end of the month.. and react after the fact
the first change people need to make is plan at the start of the month, before they spend.
many people are happy to have their pants pocket wallet contain multiple loyalty cards, credit cards. but they only have one bank account
they are failing because they think if they spend, they can save via discounts/loyalty points/cashbacks but they then spend the rewards/accumulations too before the end of the month, thinking they have won/achieved sucess

if you instead replace the 6 credit/loyalty cards with 6 debit cards. where you budget a spending plan. EG a grocery budget in a grocery debit card whereby only having a weekly deposit from income account to grocery account means you have to only buy X groceries or the card gets declined
it pushes you to stay within grocery budget without eating into your budget for clothing/kids school stuff/transport
..
if you just rely on one card for everything. people overspend on groceries by seeing the whole income as available.. which then means they dont have the money for clothing or kids school needs
so the first lesson is budget amounts for different purposes and stay in that budget. mainly by splitting the income over different cards for different purposes and only use a specific card for a specific purpose to avoid eating into the other purpose budgets

this again is about pre-planning. when accounting/budgeting their bills expenses. then organising what to do with whats left AT THE START OF THE MONTH before spending it

you dont need to constantly "save". saving is not about wealth accumulation. its about having ease access rainy day fund to avoid needing to take out a loan to cover an incident. basically becoming your own bank to secure you in dire times. instead of relying on a bank to bail you out and then have to repay them twice as much..

a trick to do this is simple
think up a possible incident cost that could occur. pretend it just did happen this hour. pretend you took a loan to cover it. and now calculate how much you can afford to pay it off ASAP. and now budget to set aside that repayment in a account you own. meaning when the event does happen in the future. you then have that rainy day account fund to cover it without a loan when it actually occurs

I guess the high cost of commodities that is making people not to be able to save the way they were saving money to buy lands and business without any fear of how are they going to succeed till the investment start bringing profits to them to recover their capital.

Even some companies that use to pay their workers with huge amount of money has reduced their payment and is making some workers not to have a good saving from their working place base on some other things they are spending their money to live a good life and to make their family safe in this global inflation.

Actually, inflation makes saving nearly impossible for poor people to either they meet their family needs or either they save money for future purposes The best thing is that if anyone has sufficient funds to start multiple businesses they should start it because when money starts coming from different sources it will be easy to meet family need along with they can do savings easily.

Cash flow gives confidence to any person and that confidence can help him to grow easily.

I think the value of saving is not disappearing in youth because now a days you will have seen that people save more often after which they initiate investment. In present age there is a limited job opportunities as a result of which people prefer investment which can make their future prosperous.

Those who don't know the value of saving cannot realize that how to spend money with planning. They spend huge money without thinking about it so they regret for it in future and then they want to make saving and investment but they are unable to do so therefore make a plan on time and get financial education that can help you to spend well and save more.

In Switzerland, for example, the necessity to hire a babysitter becomes an obstacle and even a reason for being child free. Because a couple usually has to pay almost whole salary which one of them makes to afford a nanny. Often young adults don't want to sacrifice all of their income just to give it away to another person. And they choose to continue working and living a life without such a responsibility as a baby. I find it rather sad, honestly. Because most of them regret not having kids when they grow older. However, I can understand that reason, because the opportunity to make and to save money is very important for a self esteem.

whole salary nanny is usually min wage salary, so the childs parents prefer to start having kids when in a career earning 2x salary each, meaning 4x min wage household to afford the 1x salary for part time childcare


many people have this in their minds when they are late teens early 20's living on minimum wage. they either choose to be stay at home parent or dont have kids until they have a career.
when they have a career earning 2x+ of min wage then they start thinking of starting a family. which is why most people dont start a family until late 20's early 30's

many women are lucky enough to have their family (childs grandparents/uncles, aunts) to help reduce the costs of child care. and many governments have welfare schemes of child care vouchers. thus giving as much opportunity to work and have a family

yes raising kids aint cheap, but people still have kids.

Everything should really be moderation and in balance, once you do skip out this thing into your mind then you would be messing up everything.  ;)

People normally be saving up money for the future on which they would really be having that kind of default thinking but due to those life situations and conditions on which
you would really be ending up on saving up unwisely specially if you are really that focusing that much on spending on things which are shit then you would
really be ending up on a shitty situation. This is something that you should really be avoiding in the first place.

You should know on how to save because life situations could really be having those unexpected events on which it would really be pertaining on
financial back up and this is where savings would really be working on.

Raising kids is not an easy thing, but this is manageable when both are working. For the first three years, it used to be difficult. Why don't the father or mother take responsibility for taking care of the child and the other take responsibility for the financial needs through the job? This means a family gets fulfilled, and there is no need to spend much on a nanny or babysitter. When we want our lives to be more enjoyable, we need to sacrifice a little, three-year break to take care of the child, which will make us happy for the rest of the years. In simple terms, where there is will, there is way.

Working for both parents makes sense not only because of the increase in wealth, but also because a person needs different spheres for self-expression and affirmation. And being a parent only is not enough for most modern people. But here you need to understand that creating conditions for your own development and time for yourself means that someone else should spend time with your child. Someone who will influence her development. And you need to understand whether you agree with this, especially when it comes to a very young child.


I know that, I have a little baby and I take care of him most of the time. However, I don't loose the desire to work. Not only because I want to earn my own money, but also because I want to raise my self-esteem and not to be perceived only as a mother.


Because this time is longer than it seems. Because a parent doesn't want to fall out completely from a working process. That is why many parents try to join their work and home responsibilities.

That's right, the future is determined by ourselves today, if we always spend money on things that are not too important or even useless then of course we can experience unfavorable or even bad situations. Many young people today have so much prestige that many of them only think about the style that is currently trending and in my opinion it is only temporary. Few people or young people have good thoughts, thinking about the future. People like this, in my opinion, tend not to have a luxurious style, because they think about the future they will face.

Saving money is not only to determine the future, but it also helps us in dealing with a problem or disaster that occurs suddenly,  and by having savings it is the same as having an emergency fund that can be used at any time if it is needed because of a very important situation.

The above discussion highlights some crucial aspects of the savings issue, underlining the urgency of improving financial education, especially among the younger generation. A better understanding of financial management is expected to help people make wiser decisions regarding savings and loans. It was also highlighted that some individuals may face difficult economic conditions, making it difficult to save. Therefore, additional measures from the government or financial institutions may be needed to help people overcome their economic difficulties. The above discussion also proposes the importance of education on wise financial alternatives as a solution to encourage people's motivation to save and invest, creating long-term financial security. In addition, the role of financial institutions in providing financial products and services that support people's economic sustainability is emphasised, implying the need for review and adjustment of their policies.

Young people wont really be minding about savings or in  related with investment considering that they are still that highly dependent from their parents. Lucky for you if you do have  wealthy family then it wont really be that much a problem for you to mind on but if you are on middle class or poor ones then it would really be just that right that you should really be mindful as early as possible. You would really be needing to be that wise
on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.

This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.

In a society where inflation seems to be the order of the day, savings seems to be pretty much a bad idea. I mean, why would you save when all you’ve got piled away could be devalued to worth almost nothing.

Somehow, savings isn’t an abandoned act within the youth with a particular focus on how they could enhance their growth and financial freedom. Most youths with some great deal of discipline still do themselves the favour of having to save. Save with a particular intent of providing securities for their future. Those who have this understands wouldn’t give much importance to what the devaluation of currency might be. You still get to save no matter what.

The younger generation must change their thinking about the importance of saving for the future. Currently, many young people rely on their parents' income and in comfort zone without thinking about saving or investing in the future. Still not have pressure and responsibility with their family is easily for young people allocated several percent of their salary for saving fund or put it in investment assets with bitcoin or other investment kinds.

Get difficult money management controlling later when having family although get higher salary payment, don't make comfortable position when having family support us financial but make its opportunity as the way for saving or investment when receiving payment from salary. Can't guarantee with smooth income in the future and have chance for saving money better allocate it for several percent when losing job has saving assets in the Bank.

I'm not sure about your country, but in our country, many younger people are concerned about saving enough for their future. Some opt to invest or start their own business. It's not uncommon for people to achieve success at a young age, including influencers who become famous and decide to launch their own ventures to secure their future.

If we don't need to save because what we save will lose value if inflation occurs, then we can use the money we save to invest to maintain the value of the money we have and we also have to choose a type of investment that will not have an impact when inflation occurs.
If we want financial freedom, of course we have to be able to have savings and we have to find a way so that the savings we have will not have any impact on inflation, because if we don't have any savings to prepare for the future, of course this will be very difficult when facing something. which we cannot predict in the future.

The stability of the currency has gone down but the backing to house mortgages has gone up which in theory is of benefit if you can secure that debt at the subsided cost that government is now part of.   I find that especially true for 25 year fixed rate mortgages, Im not sure anywhere else in the world might offer such a rate except perhaps Japan not sure, the common point there is QE.    The main problem evident from that is you must follow government policy where as previously when you earnt the money it was good for anything you wanted including just saving it.  Now if you save it the value is lost so that is not a valid path anymore hence houses are over valued and over used as storage of wealth in the long term especially.

when inflations rate are rising, we just need to invest on top of saving, surely its an act thats not abandoned many people still favour saving since it just means we are not just wasting around our money for some useless thing but adding investing on top of saving does indeed prove that saving can be effective and with the responsible investment with management of risk it will eliminate the risk of inflation.
bank deposit is one way to fight inflation for our saving if we truly want to eliminate any possibility of the value of the wealth that we are saving being eaten up by the inflation.
after all, world is evolving, economy getting more complex, just saving some money off our spending won't be sufficient, and today investing is more accessible than ever even for those with smaller capital.

I think this is due to a lack of money management, because there are so many applications or banks that are openly competing to provide loans with low or no interest.
that's what causes this generation to be trapped in debt.
I've seen some of my friends use it to cover their needs. I didn't ask why he borrowed money, I was afraid he would be offended.
but for most people born in 2000, borrowing money is almost a natural thing here, there are so many cases.

Are you one of those people who always depend on your parents?
In my opinion, being too or always dependent on parents is also not good, even though for example I have parents who have a lot of wealth, that doesn't mean I have to relax and enjoy my youth without thinking about the future, of course the future is determined by us ourselves, the problem is What happens a lot is that some young people depend on their rich parents, but in my opinion, if it continues like that, other people's views won't always be good, right?

In my opinion, people who usually depend on their rich parents tend to be spoiled, not afraid of running out of money, always wasteful in managing money. It's okay to be spoiled as long as you know your limits, don't let your parents spoil you too much, like wanting your parents to grant all our wishes, that's not a problem, but if it's too much then the views of other people in my opinion will not be good at all. because wise people are those who want to be successful through their own efforts and hard work, working hard with support from parents is good, and with hard work we will have a good income and also have to manage finances well, be able to divide which needs and which needs. saved and which we can snack on every day.

The difficulty many people have setting aside a portion of their income for goals or needs in the future is known as the "savings problem.This problem has multiple contributing factors.

Low Income: After paing for necessities, those with lesser salaries frequently find it difficult to save money.
High Expenses: Because living expenses—which include housing, healthcare, and education—are on the rise, there may not be many opportunities for savings.
Debt: Having a lot of debt, such as credit card debt or school loans, can make it difficult to save money because a significant portion of income is devoted to servicing debt.
Emergency Expenses: Unexpected costs associated with health care or auto maintenance can wipe out savings or keep people from accumulating emergency funds.
Short-Term Thinking: Some people don't save enough money because they put their short-term desires ahead of their long-term financial objectives.
Leadership Deficit: Some people might not know how to handle their money well or how important it is to save.

Wage stagnation, skyrocketing houses, and shrinking buying power – these ain't just temporary hiccups, they're chronic illnesses plaguing our economic system. But just like any sickness, we can treat it! So, how do we fix this? We gotta get financially savvy, because the game has changed since our parents' time. We need the skills to navigate this new landscape, not just earn money, but spend wisely, save smartly, and invest like bosses. Technology can be our friend here – apps, online courses, forums – all helping us become financial ninjas. But remember, knowledge is power only if it's accessible, so let's make these resources easy to find and understand.

PPP is declining in most countries. It looks like the whole world economy is going to see a recession. Unemployment problems, higher educational and medical expenses, disease and war in various parts of the globe caused some instability which caused this imbalance. Also the capitalist system makes the wealthiest more wealthy and poor people poorer. So when poor people can not afford most of the primary needs, wealthy people can afford everything.

That's right, relying on your parents, even if you're capable of supporting yourself, is not a healthy habit. Just because their parents are wealthy doesn't mean they should depend on them forever. Eventually, they will realize that it's not worth it. It's not just about what other people think of them, but also about their own ability to survive without their parents' financial support.

I believe that the lack of savings today is a serious issue that requires attention and action. Many factors, such as increasing expenses for education, housing, and healthcare, as well as consumer culture, contribute to people's inability to save money for the future.

However, at the same time, I am convinced that having financial savings is essential for ensuring stability and security in the future. It allows for solving financial problems, planning for retirement, and achieving dreams and goals.

Just let them be, why wont you be that depending into your parents? on which even if you do say that you are already capable but once you are still studying then you are really that still under their care and everything that you do need is really that their responsibility. Its not bad to have some advanced thinking about on something like this though on which the earlier you have become matured when it comes to investment and savings then the more better on which you could really be able to make yourself at least be able to handle yourself on situations on which it would be needed up later on.
Its not really that hard to save if you do really mean on doing so. If you are someone whose really that serious on achieving it then you could really be able to find ways.

There are really just those people who are just not mindful when it comes to future aspect on which they are really just that too confident that there would be no financial problems that they would be able
to encounter or they would really be able to face on later on which it is really that a very wrong mindset to have or thinking because sooner or later you would
really be on such condition or situation.

I'm referring to the stage where individuals are already financially independent, meaning they are already working. I agree that if they are still studying, they can still rely on their parents until they finish their studies. However, if it is about having a job or planning to start a family, they should strive to build their own life independently without the financial support of their parents.

Lack of savings is a serious problem that requires attention and action today. Factors such as increased spending on education, housing, and healthcare, along with consumer culture, play a role in people's difficulty in saving.

In my opinion, yes, we should not depend on our parents forever, because as we live, of course we will have our own family and that will be our own responsibility, and if we are married, in my opinion, that is not the time to still depend on our parents, because we have to can do everything responsibly. in my neighborhood there is a family that has just married but the man is still dependent on his parents, and in this way many people talk about him that he is a man who is not responsible properly, also the man's partner too felt embarrassed by the fact that her husband was still dependent on his parents.

In my opinion, if you continue to depend on your parents, even until you get married, it will bring conflict between your own family and even with other people. That's why I myself think not to depend on my parents when I grow up, as much as possible I should be able to earn my own money so that I can help my parents more or less and not be my burden on them.

By having a job, it is not certain that someone can achieve their financial freedom, because if someone has an income and they cannot manage it well then it is very unlikely that they can have financial freedom and for those who are still in school and have parents who can afford to send them to school, of course they haven't thought about how to find a job that gives them an income because they still have parents who give them money for them to go to school, but for those who want to start a family of course they have to look for a job and manage their income well so they can save for the family's future. so they can meet their family's needs.

This may be the wake-up call you needed. Dependent on parents? It's simple and comfortable. Independence isn't just a buzzword. The true test of adulthood. Are you planning to live under their wing forever? Wrong. It's about preparing for the harsh reality of life

Not rocket science, saving. It's discipline. Instead of that extra luxury today, it's choosing stability tomorrow. Yes, they're watching you while you study, but that's no reason to relax. Now is the time to study and grow. Financial literacy? It's essential. Investing? Start young, profit later. Never wait for a crisis to understand your unpreparedness. The future? You have it; use it. Being proactive, not reactive. Not only making money, but sensible choices

This is something that isn't being talked about enough today. I just hope people can find some way to adopt accepting bitcoin as a payment so the ones that can't afford to accumulate and save or HODL can at least have some type of strategy for BTC accumulation. I am definitely feeling the pressure from the increase in prices in bidenomics aka make america shitty lmao MAS.... he is catholic right? Lets make the slogan MASS like you're attending a church service and he has a religious obligation to completely screw America lmao. Anyhow, we wouldn't be in this terrible savings situation if it wasn't for good ole' Brandon!  LETS GO BRANDON!

Everything have increase in ×3 or 4 and the income of people still remains the same,  it is not even easy to meet up with daily demands. With the terrible economy now and increasing inflation from time to time I don't think savings is the best because currency is losing value constantly.  This is the time to invest atleast to bring more profit instead of living it in the bank.  Saving to invest is very important for the future because know one can tell what the economy can be like after now, if it will get better or worse. This time the best thing to do is to look for a way to increase the income to meet up with the needs and to invest some for the future.

Inflation is a tool that is used to prevent ordinary people from achieving a comfortable life. Goods and services are constantly becoming more expensive, this happens all the time, but their incomes are growing comparatively slower, so the standard of living is gradually declining.

You need to save, without this you will not be able to create capital, but you must make sure that your savings work and are protected from inflation, this is the only way to save and increase your funds. If you only save and keep your savings in a safe for a long time, they will only depreciate over time.

The big evil wolf in your financial fairy tale, inflation, is an economic reality caused by government actions and market forces. It's hard and incomes struggle, but that's only part of the picture

Great idea on savings and investment as inflation protection. However, don't simplify. Ways to make money work are just as important. Diversification, risk assessment, and strategy are essential. Jumping on the latest investment fad won't work. It involves market, economy, and human behaviour knowledge

Everyone's affected by inflation. It can be mitigated by knowledge, strategy, and action. Let's not rush to victimisation. Educate yourself and make decisions. This is how you defend

there are many layers as to why people find it difficult to save

a. they dont see how even saving $1 helps so they dont bother saving anything
b. they have never felt "bottom" and too used to their level of lifestyle and dont want to change
c. their ambitions are too high to see direction to achieve even a step closer to ambition
d. their upbringing, (social/cultural/schooling) never taught them about budgeting/economics
e. consumerism is taught, DIY/homecooking/self repair is not taught

alot of kids were raised to just expect to ask parents for money for no chores done, no work. thus grow up expecting things to just be handed to them without effort. expect new clothes/gadgets on demand, expect funds to appear in their hands

when people do work. they set that as their "survival" amount. they always want more. they dont imagine going back to real basics of living on less and saving.

..
so heres a challenge for everyone reading this.
look at your local governments very basic unemployment social security payment amount. and set yourself a challenge to pretend you are this month unemployed and having to live on that low low income.
see what you need to do to make that low budget work for you. see how your grocery shopping habits change. see which entertainment costs/subscriptions suddenly feel less important. see if you start caring about lighting/heating being on 24/7. see if you branded clothing really mean that much to you
and then see if you really can save money/live within your means

that's true, even though we have a job that generates a large income, if we can't manage our finances well then I think the money we earn can run out without knowing where it's going, this happened to my friend, he has an income every month that he can use. said it was big, but he couldn't manage his finances well so when chatting he asked about his money which always ran out somewhere, and I advised him to record every expense, because I think this helps him if the money he uses is clear. used for anything.

and also with that, I think we have to avoid spending that is not necessary or that is not very important, because I think there are people who buy things because they want to, not based on their needs, so the things they buy are only used for a short period of time. , this includes unnecessary expenses. In my opinion, by recording expenses, we can divide which part is for basic needs and for saving, because saving is not just for the future, of course this can help us overcome something that happens suddenly. such as an accident that requires medical costs, the savings we have can help with many things.

Its not actually hard to save but it all depends on how the mindset of every individual works. If you are fond of spending your salary even to those unnecessary things, and think that taking a loan could save your financial problems, then you can hardly save that way. You will never start to make initial steps in saving if you never stop borrowing money. While taking a loan can also be helpful, but most of the time it can be destructive to our finances and deprived us from saving our spare money.

Also, Inflation makes the rich become even more richer. Those who are below the social stratification will always be the ones who's going to suffer when there are financial crisis and rapid inflation rate. People will need to be wise in how to save their money these days, otherwise even the savings are not safe from inflation. It's really hard to see your hard-earned money that's being saved and gradually losses a portion of it's purchasing power.
Yeah, this has been happening all the time and every year the inflation has become even more greater that the wage increase can't catch up with it. 


Banks will depreciate all savings over time, regardless of the annual interest of your total savings. Bitcoin for sure is one of the safest asset where you can put some of your savings into to prevent it from losing a portion of it's purchasing power.

I've observed a common trend among people around me prioritizing spending over saving. They often spend their income on immediate wants, like frequent cafe visits, leaving them with little to nothing for saving at the end of the month. This suggests that the issue might not be an inability to save, but rather a choice to prioritize immediate gratification. Unfortunately, this can sometimes lead to lifestyle-related debt.

I agree that our purchasing power has been declining, making home ownership a distant dream for many on minimum wages. However, renting isn't without its benefits, offering flexibility and potentially lower upfront costs.

While I'm unsure if radical changes are necessary, I believe our generation can still achieve a fulfilling life by prioritizing needs over wants. By focusing on essential expenses and mindful spending, we can build a more secure financial foundation and create a future aligned with our values.

People who don't have the mindset of saving because it is very possible that since childhood they have never gained knowledge about it so that from childhood whatever money they get will be spent on many things that are important but usually more on things that are not important.
The fact is that saving won't help us beat inflation, but usually, people who can't save for whatever reason won't be able to invest either, because if we can't save money that we can use it at any time, what's more, investing which we can't use at any time, takes time until the investment gives us a profit, so if you want to be successful as an investor, start by saving because that is how we are disciplined with finances.

Definitely. If you're not working in an industry where salaries get increasingly better over time like in tech, you'd be hard-pressed to even find the time to save up even a bit for emergencies, let alone save up for anything big like cars, houses, etc. It's not impossible to live yes, but getting beyond that would be the hard part.

Well, that's for the people at the bottom anyway. Some people who can't save up simply can't because of all the subscription-based payments that they have every month and might seem small at a glance, but it takes up a pretty sizeable chunk especially if you're living close to minimum wage. And because of the idea I pointed out before where it's hard to go beyond just basic living e.g. save up for a car, or house, people seem to just accept the idea and indulge in said subscriptions since it's for their enjoyment. That, or they take big loans so they're always under debt.

Even the tech industry is kind of in a position right now that had to fire hundreds of thousands of workers. So it's not a sector where job growth is currently increasing. Many young people that were hopeful to a career got fired and have to start over in a market where ghost jobs are a thing now... All this happening while everything becomee more expensive and salaries remain stagnant. This has contributed to even so called "middle class" incomes from a decade ago not being able to save much if anything in the last few years.

Definitely it's the gap between the rich and the working class growing more bigger than ever, I can't think of anything that's a bigger contributing factor than that, the people that we call crazy were right, they're getting everything for themselves and leaving us with close to nothing, they've got the power and the money to sway laws to their favor almost always so it's going to be a problem for us that this gap is ever growing.

The present generation has become such that people earn only to save for food and stay away.  Our people of Bangladesh.  Mostly they are poor and middle class families they eat day by day they are not in their capacity to save.  As we speak, my father is one.  works and eats  Work everyday.  Bringing money, it ends up being food and drinks. We don't have money to save, but in the current generation, we are in that case.  Boys need employment Even if we get good jobs, we don't get paid according to our demands.  Our country is going backwards because our reserve fund is decreasing a lot.  Many parts can be seen in a very large room.  Boys and girls are the ones who save, they are the ones who earn their income or suck the money of our poor.  In that case, we are far behind.

this problem is quite complex seeing how nowadays companies are starting to be closed with their business and they prefer to improve technology and efficiency compared to increasing the wages of their employees. not to mention the problem with increasingly expensive lifestyles and living costs that make people nowadays spend more on their meager salaries. this is getting worse because the government, which is considered the party that should regulate this, is now more afraid of the tycoons who are getting richer by manipulating people and their businesses. this is a social situation that is happening in many countries today and it will probably get worse in the future.

Interesting, that's exactly what I recently observed in my environment. During Corona, many people saved money because many governments set up support programs and people couldn't spend their money. Now that the pandemic is over, people are craving life and consumption again and are spending even more than they did before corona. In addition, the economy is still stable in many countries, so many people feel they are financially secure. By the time the next major economic crisis hits, this will level out again and savings rates will rise again.

And this cycle would continue on which to those people who had been saving up whether they would really be still continuing into this kind of behavior whether there's a pandemic or not or would really be just making those acts on the time that crisis do happens? We do know on how savings do save up our asses on the time that problem do hits or to those emergencies on which this isnt really just that limited into this
situation but also in other aspects as well on which you would really be able to find out yourself having those kind of probabilities on trying out to solve out problems in connection to finances.

Problems would really be just that existing on the time that you would really be that confident with your paycheck on which you've been thinking that as long you do have that work then
you would be having a never ending source of income without even trying out to realize that the risks is still there yet you could be get fired or would be laid off or something that do talks
about simply losing your job. This is why that it would be best that you shouldnt really be that confident on things.

Why not? If some people can achieve financial independence, then everyone can. From what you said, the reason some people cannot achieve financial independence is because they struggle with managing their finances. The main problem has been identified, and the solution is for them to take action and learn how to manage their finances effectively. If the only reason why some people continue to live with their parents is due to poor financial management, then the responsibility for correcting this problem lies with them.

Saving is always hard for most of us when we can always make it possible to happen. As long as we have our source of living, regardless of its amount, we can do initial saving even with a small amount. However, while most of us are greedy, as much as possible we want to save instant big amount of funds which I think will be hard to realized most especially if we are the sole breadwinners in the family.

As much as investing is important, saving as well should also be in top priority. Since it’s certain that it’s hard to make a successful investment if you are rushing to make instant profits due to lack of daily budget funds for daily needs.

Bad financial management is certainly one reason people, and especially newer generations, are unable to save. A large number of people near my age in my circle are unable to save a single penny out of their paycheck, which makes me wonder what they're doing with their money. However, what the OP described is actually true: the cost of living has immensely increased, especially after Covid-19, the Ukrainian war, and now with the Middle East crisis that's disrupting the logistics chain once again. Salaries have hardly increased to compensate for the excessive costs of goods and services.

Newer generations need to be extremely innovative in order to be successful. A few decades ago, the middle class could purchase a house with an average job, while nowadays, a large number of people are living from paycheck to paycheck.

The important thing here is financial education I guess, most of the banks these days are just designed for you to spend on things that you dont really need, banks are surely going to send you a lot of credit cards for sure if they know that you have money on your account, making you spend on expensive things that you dont really needed, they are opening this opportunity for you to use allowing you to buy cars, smartphone, etc. easily.

I mean there is inflation as well affecting how we manage our salary but the main thing is just the spending, we just really want to spend if we have money not having that financial knowledge and discipline, It was actually really simple just dont spend on anything that you can't really afford to buy if you can't afford a car just dont buy one yet until you can, Is it a high percentage of your salary already then dont buy one it, do you have other sources of income something like that. If you're not going to buy something that you can't afford it is actually really easy for you to have a good saving, in my experience, we just really desire something easily since we just have the power to do it, with only one swipe we can easily buy something like an iPhone without even realizing how it is going to affect us on the long term.

I dont really recommend using a loan or using a credit card, especially on things that you really need, credit cards aren't really that bad if you just use them wisely, I could easily recommend saving up to 50% of your salary depending on how many percentages you can but the higher the better for sure, make sure as well that you already have a financial foundation already something like insurance, emergency funds, savings, before even investing on something like Bitcoin or stocks.

I indeed believe some changes are necessary for people to have access to the basic needs they are required to live a meaningful and happy life. I am one of the people who would say previous generations took steps which benefited them in detriment of the future generations, we are the future generations who got screwed over by some reckless economical choices. Though, it is not all to blame the government of the most powerful countries in the world, there are companies which have much in stake for things to continue to be the way they are. Let us take the real state market, for example, it would be relatively easy for companies or the government to invest in new infrastructure and homes for the generations to come, but that building of new houses will drive the price of current properties down, hurting the interests of landlords and investors in both the European Union and the United States.

Education is also along the same lines, banks want students to get as deep in debt as possible for them to capitalize on the dreams of the youth of becoming professional and helpful adults to serve society. It is all about money and greed. And when it is about it, it is pretty difficult to change the system of a whole society.

investment doesn't necessarily mean we should get massive profit, even countering inflation is already suffice for most of people that is like bank deposits and buying gold for investment thats already suffice because if we don't do that our money gonna get slowly but sure reduced by inflation, as much as I love the idea of saving at current time just doing saving from our money will not enough, our purchasing power depleted by 5% and above every year, our money that we are supposed to be saving are instead lost, just move it to bank deposit or anything like that even stablecoin staking if someone is concerned about the inflation will already good enough.
even better if we can invest, increase that risk a little bit, and try to get much more profit that conventionally give our money to be managed by bank through deposits, that way we can even make another source of income that gonna boost our wealth in the long run.

stablecoins should offer no profit potential compared to the fiat they are pegged to. because the point of stable coins is to remain pegged to a fiat amount. meaning when fiat inflates, so does the stablecoin
stable coins are not suppose to hedge fiat, they are suppose to twin fiat

I agree and it is wise for us as heads of families to make preparations for the continuity of life and education of our children in the future. Well, when talking about investment, investing should be thorough when we analyze the project, never miss a single point, meaning it is hope, but we must know that this also contains high risks, the price can rise 10x but it can run out in a few minutes after. The world of crypto trading is very fluctuating.

The idea of big or small amount destroys the idea of saving. Indeed it should be any amount and what's important is to be committed of saving. Saving is applicable to anyone who has an income no matter how big or small it is. If you are not earning that much you can at least lessen some of your expenses if possible. On my end, I tend to pack a lunch from my house whenever I'm going to work than to buy it on fast food restaurants. If distance isn't that far, I am sometimes choosing the option of just walking than having a fare. It won't be that much but if things will be "gathered together", it will be reasonable and that is simply the logic behind saving. Some would say engaging to investment would be better but I guess it depends on the individual to decide which method will be more efficient.
Investments aren't simple. You have to think of it as much as possible. Every investment has its risk and your job as an investor is to manage the risk involved in order to make it work. Trading on the other hand is not something I can consider as an investment given how big the risk is, but it really is. However, it is not an investment for everyone who just wants to do so.

If you compare it with 40 years ago, what rich people do now cannot be done by people at lower levels, for example eating expensive food, when rich people eat lunch maybe more than 50$ for one meal, while in other places people earn 50$. $ for one month of work?
I mean times may have advanced and changed but that level still exists.

Agree, I would also say that little has changed at the core. On the contrary: today it has become much easier for many people who have less and want to move upwards to invest their money worldwide. This may not be the view of many people in industrialized countries, but if you look at it from the perspective from peoples of developing countries, people have much greater opportunities to build up wealth than they did 30-40 years ago.

Do you really think that a person from Sudan or Cuba who earns 40 dollars a month should save another 5-10 dollars?

So he should save 2 cups of coffee from Starbucks and then he will live better?

"Difficult economy, elite style" That's what most easy kids do nowadays, there are even some of them who don't really care what their future will be like. because the most important thing for him is how he can look cool at all times, so that he can attract the opposite sex. And quite a few of them are already adults and should have entered the world of work, but instead they have fun and depend on their parents for their needs. But somehow I also don't quite understand people who behave like that.

In this case, we must have a priority scale, and saving is not a solution for a better future, because the function of saving is not to become rich, but to answer urgent problems and must be accelerated. While you are young, continue to hone your abilities and skills, and make as much money as possible, and when you get older, let that money work for you through the investments you make. "Money can't solve everything and money can't solve all problems, but not having money is a problem."

saving is not for wealth accumulation prospects
saving is for short-mid term evasion of crisis

your suppose to save a rainy day fund to cover you for surprises.. and then once having enough easy access savings to not need to dip into debt or sellout investments at a loss should unforeseen/unplanned/un-budgeted incidents happen. then stop saving. and divert your excess income to investments

having a rainy day fund helps you not panic over incidents and not fear investing when investments are bear.
remember when investing never sell at a loss. and to avoid losses, its best to have savings buffer to not need to sell investments when income/real life daily incidents need money

Saving is like holdling, the only difference is that, when you hodl you will be expecting profit when you hold in a long term interval while saving is keep your money in particular place without expecting any profit, but the common factor about saving and hodling is that you should have high or little earnings before you can either hodl or save, lets be factual saving can be demanding because several events can occur when you are saving and this events can be pressing needs, if you are not determined you might end up giving up on your savings, but this should discourage anyone, save what you can afford don't make it look bulky.

savings is not a hold for profit
savings is a hold to avoid further debt
savings is meant to cover the short term events planned/unplanned that you dont want harming your long term investment amounts

yes several events can occur which make savings struggle.. but thats the point. by being able to save, means when events happen its the savings that take the hit so that other things dont get hit..
you are suppose to deplete your emergency savings funds in an emergency. and then re fill that budget when things calm down. its not suppose to just sit untouched forever. your suppose to use it as the buffer to protect your other interests and investments from being hit

I guess no matter how people become educated or not, but if their intentions are not that strong to save for their future and for emergency funds, they will definitely won’t find some ways to save. Getting low salary income is not actually an excuse, because if you really have the biggest desire to save, you will resort into looking for side hustles that will pay you extra income, that way you will have no excuse from not saving.

hahaha, that's right, friend, "elite style, difficult economy" is an appropriate slogan for many young people today who always prioritize style over progress in life. There's nothing wrong with being stylish, but forcing it is wrong, because we should style according to our own abilities. I sometimes feel irritated with today's young people who are still in school but they insist on having a luxurious style every day. I think there are two possibilities for them to be able to style themselves luxuriously, because their family is rich or they demand that their parents be able to do it. fulfill their desires even though the economy is unstable, including their financial situation.

In my opinion, with them like that, maybe they have the idea that they only live once, so they have to enjoy it with great pleasure, because I once met a young person who had a lot of style saying exactly like that, "You only live once, bro, so you have to enjoy it with pleasure." having fun" .
In my opinion, this kind of thinking needs to be addressed, because life does not always have to be spent just having fun, of course there is a future that must be prepared from a young age.

Of course everyone wants financial freedom, therefore we have to think about the future, at a young age we have to make the best use of it, working hard is one of them, having a big income is of course what everyone wants. also with that we can fulfill our own basic needs and desires, style ourselves according to the income we generate, and there is no harm in having fun only once in a while, because that is also a need so it is included as appreciating ourselves, the same as pampering ourselves Alone.

I agree with you, while we are still young we have to hone the skills we have so that we can produce something good because it is also for our own good in the future so that we don't continue to depend on our parents, because I myself am embarrassed if I continue to depend on my parents, in fact I want to support my parents well. It's true what you said, "Money can't solve everything and money can't solve all problems, but not having money is a problem." hahaha this is a fact of life. ;D

The lifestyle of today's teenagers is very different and they only follow fashion styles rather than studying to find skills for their future profession, they only have hobbies playing and shopping to attract the opposite sex, but only a few percent of teenagers focus on looking for skills and they will enter high school vocational to increase knowledge according to their respective fields of expertise. I think everyone realizes the importance of saving every month rather than spending their income/paycheck just for fun and entertainment, because if you don't have savings then you won't have savings for emergency funds that you need at any time without us knowing.

The same as some of the people at my workplace. Every payday, I often see them going out to eat, out of town, and even purchasing expensive gadgets. What I can always hear them say is they deserve to be rewarded by purchasing the things they like as they work hard every day in their life.

Purchasing a house with an average job was an opportunity few decades ago for middle class in the western countries, but in countries like Ukraine, for example, where I live, it was not and still is not an option at all. People here have to save for decades, and not only themselves, but join the efforts with the nearest family to make being an average, not big enough apartment possible. You have to be rally creative and think out of the frame to earn what in more developed economies is considered to be a small salary (2-3 thousand of dollars/euros). If it wasn't for crypto, my life would be much more difficult and poorer, because I would have to go to a 9-17/5 job and make approximately 500 dollars (and that would be way higher, than most of Ukrainians make).

Most likely, it’s a wrong management of finances. Although taking a loan sometimes may be inevitable, but if you are doing it regularly and seems like you rely on it on every financial problem that arrives, then I must say you’re actually not doing the right thing. Do not tolerate yourself because in the end, you will only see yourself drown into debt.

Instead, save a little no matter how you find it hard to save. Manage your finances wisely, even if it means being deprived with comfortability in life but as long as you do it for future benefits, then it’s definitely worth doing.

The emergence of sophisticated smartphones from year to year, the high cost of pleasure, and unimportant holidays, often become a big obstacle for the younger generation, especially those born after the year 2000, to save money. In my circle, many children born after the year 2000 do not have a job but their lifestyle is very high, I wonder where their money comes from, there are also many who are successful in making money from social media, especially TikTok. In conclusion, I really agree with you, today's young generation must be able to be more innovative and think outside the box, so that they can own a house in the future because expecting just a modest salary will not be enough to help them buy their dream house now it is impossible.

Different ways for different people living in different regions of the world. Some overspend because they can afford to do it and they have economic security because of their government. On the other hand, some are compelled to spend more than they may earn because of economic situations and increasing inflation, in such countries and regions, people barely earn enough to be able to fulfil the monthly expenses of their household and are compelled to borrow money now and then.

Situations are not the same for the whole world, which is unfortunate. This is the biggest reason why a lot of people migrate from one place to another, it's only with the hope that they might get a better life if they get out of the current situation.

Well, saving is only possible when you have or earn enough resources available. A person with a limited income cannot save anything even if they have discipline and financial literacy because when you don't have more money than you need, you won't be able to spare any and when you can't do that, it means no savings for you.

It's a blessing if one can start saving money at a young age because such people always have a bright future. When you are saving money while you are still young, you will have a good enough sum to build your assets when you grow older, and having assets means a better future.

So things like these are not possible for everyone, and those who can do them are guaranteed to have a great life ahead.

This is true on which there's no way that we could really be able to make out those kind of conclusions on why other people cant really be able to save up.Just like me into those previous years on which i dont
really have the time or situation that i couldnt be able to save because of too much expenses or being that negative with my salary which i do even have debts or loans on which it would really be impossible
for you to set aside some amounts for you to be able to save up.This is why we cant really be able to judge someone on what are the challenges or things that they do face in life for them they cant be able to save.
What if you do really want to save but due to those real life situations then you cant be able to do so.

This is why on the time that you do have that kind of opportunity on saving up then it would really be that best that you should really be doing that
so you would really be able to make yourself having those possible back up funds for emergency and for some investment purposes.

This is really sad. Only those who are middle class can understand this well. Far from saving their wealth, most of the middle class people take loans from various NGO to meet their needs and at the end of the year they find themselves entangled in another loan while repaying their loan. Thus it keeps coming back in cycles. Later, they cannot accumulate wealth through this. If the money is not invested in a good place at the end of the day then it is never possible to achieve solvency And it is not possible to go to the dream future. So in this case one must be careful in earning and spending money.

Nobody's blaming anyone. Life delivers curveballs, and sometimes you just need to sidestep them, not hit a home run. Excuses don't grow savings accounts; actions do. Not having too much money at the end of the month; priorities. You can't save? Increase your expense scrutiny. Something can always give. Yes, those self-indulgences we think we deserve. The truth? You deserve more money freedom. Start small if necessary. Extra change adds up. Discipline, not rocket science

You shouldn't splurge when the tides flip, which they will. Double your savings with this golden ticket. An emergency fund? Check. Investment? Next up. It's about making money work for you, not making money. Please be honest about where your money is going and start steering it

Being trapped in a situation where we have to look for loans in order to pay other debts is indeed a trap that sometimes makes us someone who is difficult to make changes but on the other hand it is difficult to get out of a zone like this if not with a strong desire to make a gap and improve yourself.

Money management is sometimes very easy to say but difficult to do especially for those who are in a low economic strata that requires them to take loans so that they can still survive in a hard life like now but I agree if indeed the tendency to borrow money actually makes your risk of destruction stronger.

It is true that saving is done if we already have enough income, because having income can help us to meet our own needs such as our own will because I think everyone has their own will so to be able to get it we must have a clear income, and also with a clear income we can save to prepare for the future, of course the future must be prepared from now on because if it's too late it will be difficult.

many young people are currently only thinking about the trendy style so they only spend their money to buy things that are only temporary because young people have high prestige so it's only natural that they only think about a luxurious lifestyle in their youth, but it's true as you say saving in youth is good and in my opinion there are rarely young people who can save consistently. by saving in youth of course it can make us have savings whether it's money or assets that are clear for the good of the future and that's good.

It is a loan trap. You will get difficulty in getting out of the debt cycle if you don't take an extreme action by stopping the debt/loan. In some cases, we must sell our lovely goods to pay the loan, maybe selling our motorcycles, cars, or lands. But after the loans/debts can be solved, I'm very sure that we will have a better life again.

It will never be easy to manage the financial in a proper way. People have the natural desire to feel interested in many things. If we can't deal with the desire, we may get trapped on the loan because it requires big money. When we have limited money, loan is one of the interesting solution to do. That's why people who have bad control on their desire, they easily got a problem on the loan trap.

to escape the loan trap is achievable
look over the last 5-6 months and look at the average balance you spend using a credit card. and then how much income you then put into the credit card to pay it down

now you know you are able to pay credit cards because you have been doing so.. so there was wiggle room to make repayments.... so now you know you can,.. so now just try to stop resorting to credit. by actually taking a month break from spending on anything beyond your housing costs..
and when times are good PRETEND its another bad month and ..(make it an imaginary target balance) and then start paying yourself
pretend you needed to buy something and then 'pay the balance off' by putting your income into another debit card you own treating YOUR debit card  as if its you paying down a credit card, by paying upto a budget of the imagined spend into debit card
treat yourself as the credit bank.

get upto an amount that you can use as a rescue amount. and now you dont need to use credit again, because now your debit card is your own personal credit card.. if you deplete the balance(limit) you need to pay yourself back to refil the budget. instead of a credit company the budget amount is then treated as your credit limit

..
i find it funny people are willing to have 6 credit cards in their pants pocket. but dont set up 4 debit cards giving each debit card a purpose, like bills, groceries, essentials, emergencies, living within the limits

where they at start of month divide funds up into each debit card..

if you WERE able to divide up your income to pay down credit cards.. use that skill. but putting money towards your own divisions of income into your own debit cards.
where you then live within the budgets. treating the budgets of debit cards as credit limits.. where by when using up the limit/budget. you then refill debit(like paying down credit)
its the same skill but in money positive direction instead of money negative direction

Sometimes people like this also have a big worry about borrowing but it's not that they can't repay the loan but that they can't get the loan back after they've paid off the debt.

I've seen this situation in my neighborhood when someone who works for a bank came to people's homes to survey and collect the last few months' payments from customers who took out loans.

They try to re-offer loans on the grounds that when closing and not borrowing again then future borrowing will be complicated but this is precisely what makes conditions more complicated where ordinary people are still not too aware that in the end we have to stop activities like this so that our economic conditions become better but with the fear that they cannot borrow money again at the bank, this becomes a very difficult thing for customers to avoid.

What do you mean by the borrower will have difficulty getting a new loan after paying off the previous debt, in my opinion it is easy to get a new loan if you have collateral as tools/goods to use until the loan is paid off, some people turn loans into profitable businesses but they set strict conditions and high loan interest , so they often depend on loans and will not stop applying for more loans after they have paid off the previous loan.

Some bank workers often deceive customers who are still unclear about the terms and conditions of loans, they deliberately scare customers by providing false information as if there are new conditions that will make it difficult if they do not apply for a new loan before the final payment in full on the previous loan. We know that the target of bank workers in the field is specifically to achieve the target of new customers who apply for loans. If their performance experiences a decline due to not achieving the new loan target, they will be dismissed or their contract will not be extended.

In life there are certainly ups and downs, therefore it is not strange if we experience events that require us to borrow money, whether from the bank or from other people. but what is clear is that this is actually tricky but also helpful. For example, if we have an accident and don't have enough savings, maybe the only way is to take out a loan, but even though this is a trap, it can help. People nowadays tend not to think about the future, so they only have money to prioritize pleasure.

having savings or an emergency fund is important, because in my opinion this can help us in the future to deal with unexpected things such as accidents that require hospital treatment costs, and of course that's not a small amount, therefore we should be able to save in addition to future also for sudden needs. What you say is true, money management is sometimes easy to say, not easy to do or implement, many people experience wasting money by buying things that are actually not that important to them, and I think they don't think about the future or save. In my opinion, recording expenses must be done, the aim is to minimize unnecessary expenses, before spending money to buy things that are not too important, you have to think about it first and consider it well.

As far as I know, when we succeed to repay our loan on the banks, it must be easier to get a new loan because we have a good history in borrowing money. Why it will be difficult to get a new loan? Banks must try and try again to get the customers, surely they will persuade us to have a new loan. Even, the banks ensure us with some benefits if we want to have a new loan. They will make is easier in processing the new loan. This is what I experienced for borrowing money on the banks.

It is not a surprising thing if we see some bank employees come to people's homes. In the villages, it is something usual because they can easily get the customers in this way. The bank employees get some money if they succeed to get customers. The banks sometimes set a target for their marketing, they must have certain number of customers in a year.

CMIIW

No, I don't really think that we need a radical change at the moment. The world just recovered from the covid pandemics and inflation surge due to food and energy prices rising. A radical change to our economic system could make things worse instead of better. I would rather prefer a few years of calmness with some return to normality instead of another crisis. The thing with purchasing power is that inflation has been higher than the wage growth for a long period of time. The central banks are targeting 2% inflation per year, but in most jobs, we are not getting that 2% wage growth per year. Which means that we are losing real money every year. Which is why it's so important to invest money. Saving alone is not going to lead anywhere, the savings rate is usually below or at the same level as the inflation rate. So, in real terms we are not gaining anything. Only when we invest our money and aim for higher returns, we will be able to grow our money and make sure that the purchasing power of our money grows as well. It's all about making the first step and taking some money aside for investing, over time through profits and dividends our investments will grow and we build up our portfolio.

This is situational, depending on your class and economic status, also country you are residing to. Difficulties in this levels may also be a factor in this problems. Sadly higher percentage of populations are having this problems, but with the help of different institution and good financial management can help everyone to back in their own track saving for their future

It happens when we immediately make a new application in a loan when we have paid off the previous loan but if the loan is made in a certain interval (stop first) after the previous debt is paid off then it will still be a little difficult for a new application even if we already have a fairly good track record in a loan.
It happens where I live now but I don't know if it happens in other regions, countries or not because in the end policies like this seem to depend on where we live.

I once accompanied one of my family members to pay off a debt to a bank and the bank that applied for the loan said that it would be a little inconvenient if they did not re-borrow after the current debt was settled because the process could take longer. That might just be a trap to keep us in debt but in the end it happened because after my family stopped borrowing for a certain period of time and re-borrowed again to the bank, the process was a little longer than before.

Having a good financial management will also come from your experience. If you are terrible in handling your money before.
Then, this time you'll be able to handle it properly because you don't want to have troubles again because life is hard nowadays.
Inflation is there and savings won't just be all about savings but it's about having something you prepare for and you ready to withdraw it any time in any situation that you'll be in.

I don't know what's the problem with the bank officer, but ideally you must be easier to get a new loan if you have a good track record. Here, the bank officer even persuade us to take a new loan soon after the old loan was successfully repaid. But I refuse the offer because I know it is like a loan trap made by banks.  ;D

I think the bank system won't be so different in any where around the world. Each bank probably adopts the same system and mechanism. I don't see a big difference among the bank in the world.

Sure, it is like a loan trap. But it is also a part of their business because they got money in that way. When you won't agree for another loan and stop temporarily, surely it won't be so easy to get a new loan in the future. They have the information that you weren't a loyal customer. So, they need to evaluate anything first before you have a new loan.

local bank branches dont hand you borrowed money.. loans create money out of no where.. the reason they want you to re-borrow. is because the cashier at the local bank branch makes commission for certain things..
EG they get more/EXTRA christmas bonus/commission if they can turn a settler into a borrower..
the day you visit them to settle. the human you pay the check to to settle doesnt get a commission for your settlement. they get commssion on selling you more debt. so he wants you to take out a loan with him instead of his colleague next month..
its like car dealerships. the salesguy you stand with wants the sale, he doesnt want you walking off and coming back next week to speak with a colleague of his and that colleague gets the deal

..

anyways,,
the secret to get out of the loan trap
a. stop taking out loans

b. how? well that is simple.
if one bad month you take a loan, but the next good month able to pay it off.. do the opposite.
on a good month.. where you are all settled up and not need another loan..
.. pretend its a bad month. and put the money you would have loaned/paid back a loan, into a second bank account you own. and hold it.
then when a real bad month happens.. you then treat your second account of your own money as the loan to yourself. where you use it for the emergency, but then repay yourself on the next good month, instead of taking out a loan from someone else and repaying someone else

c. but here is the thing, commit to yourself to repay yourself to refill your emergency fund(your own second account you loan to yourself)
treat yourself as your own loan officer needing to be repaid if you ever want to take out a loan from yourself again.. because loaning from yourself is a 0% interest and no debt collector will chase you because you also your own debt collector.
thus you then become the best bank in the world offering you 0% loans with no downside. so be committed to repay yourself and refill the emergency fund on the good months..
use the same energy/commitment of paying down a true loan to also be the energy/commitment to repay yourself in the same "fairly good track record"

here's another way to get out of the loan trap. stop paying them back. they'll stop giving you loans ASAP. and for a long time after that most likely.  :o

I think governments will always keep taking care of the poor, so I don't think there will ever be a true problem.

Those who are middle class have to face many problems to live a good life. Those who take loans from NGOs are under a lot of pressure. The money they get at the end of the month ends up paying their NGO loans. So because they don't have much money in hand.  It is a lot of trouble to live a good life and can't save any money.

Funny suggestion but i look at it the other way it would work. They will definitely stop to give out loan to loan defaulters. But just know that they will also come for you so that you can pay back the loan they won't let you go free. If not i would have buy the idea.

In what country is the government taking care of the poor?  In my country the government cannot help the poor and so it is in other countries. I would love to know where you are from?

In regards to government assistance, one approach that may help people escape a life of debt is the introduction of financial education programs. These schemes might teach individuals about financial management, managing their debts, and other financial ideas that will help them make better money decisions. Furthermore, the government may consider introducing laws that make it simpler for people to get inexpensive credit, such as subsidized financial assistance or additional monetary assistance programs.
Another alternative may be to promote business ownership and job development, giving individuals greater possibilities to grow their income and escape the cycle of debt. If more individuals had access to solid employment with fair compensation, it may help anyone get away from debt and accumulate their savings.

  Most people advise you to live below your means, pay off your debts, save money, and such nonsense. Well, this approach is from a scarcity mentality. It is taken from the assumption that money is scarce. How can money be scarce when there’s plenty of it in the pockets of people who have plenty of problems you can solve? Ok, where will you get money to pay off your debts and save money? I mean how do you live below your means when you want to enjoy life just like everyone else? We all have one life, don't we? And that life is short, isn't it? Instead, why don't they teach you that there's enough money for everybody and if some people weren't as greedy as they are, we would all have financial independence and no one would lack anything. They don't want you to know. That's why they don't teach you about money at school and at home. Your parents don’t teach you because nobody taught them in the first place. They were taught that money would distract them from learning. They were taught to study hard, get good grades, get a high-paying job and a pension book, and retire on pension at 60 or 65. And so, the subject of money and financial independence has been made a “taboo” subject. Don't discuss it at school, don't discuss it at home, and don't discuss it at dinner table.
  Interestingly, the subject of going to school in order to pass with high grades so as to get a high-paying, secure job, is at the forefront of every discussion whether at home or at school. Yet, everybody knows that jobs aren't easy to get nowadays. Even if you happen to get one, you are basically trading your time for money and becoming someone’s slave mentally and physically. The system has been rigged from the start. In fact, it was rigged in the 19th century during the Industrial Revolution. Schools were introduced to provide the labor market with an endless supply of labor to work in the industries of the rich. Well, those who work extremely hard are in the factories and in the trenches. The problem is that schools are job-oriented. They teach you to graduate college in order to get a good job. The problem with getting a job is that it imprisons your mind so that you don't think for yourself. I’m not trying to bash schools. Schools are necessary but not in the way they're used today. There's need for schools to be reformed.

Livelihood programs and other government programs are really that something that could aide but only it would really be just that only good for a small numbers or % of the entire population on which it would really be prioritizing those poorest of the poor. If you are someone whose living on standard to poor condition then you would be unlikely be able to get those kind of aide from the government unless if you are that eligible on getting those support or not. If not, then it would be something means that you would really be needing to work your ass off hard even more to have that kind of progressive life you do have.

Savings would comes from the extra funds that you do have left on your income on which it would really be something hard considering that economic conditions or situation that we do
face today is something that could cause that hardship on which we know that this is something that you should really be focusing on.

This further validates the uselessness of fiat, day by day liquidity affects fiat leading to further devaluation and lack of purchasing power. Savings is still possible even till this day, but its better not in fiat, because of its lack of appreciation and decline in purchasing power.

The answer to competing with those cited by OP and even doing more is presented to us on a platter of gold for those who're wise enough. Wise and profitable investments is the way forward. Investments in bitcoin, real estate, agriculture and renewable energy, gold etc is the way to safeguard our fiat savings from constantly depreciating as these are always appreciating in value.


Definitely, banks and loan sharks enjoy giving out loans because it enables them to properly prey on your own money. That's why you see most of them increasing your credit margin the more you borrow, to further seduce you to continue being in their trap and never get free. Most people make money for banks and loan sharks because their entanglement with loans deprives them of utilizing their funds for themselves. Its more like they work hard for the loan companies benefits and its such a pity.


Impressive, this is a very efficient financial advice and one that needs immediate implementation. This can help someone get back to accumulating his own funds and staying off the hooks of getting loans. It still requires discipline to continue paying yourself and refilling your second account after a successful self borrowing. I also think you need to involve a third party maybe your partner or close friend at least to apply little pressure on you so that the cycle is not broken, thereby put you at a disadvantage on bad months.

Decling birth rates are a great thing for this planet and no one will ever be able to convince me otherwise.  That's also not the issues with SS.  The issue is corruption.  The government doesn't handle money properly (any government, all governments..take your pick).  They all lie about everything, spend money on shit needlessly and worst of all, the killer of all..WAR.  Imagine what we could do as a world if we stopped fucking fighting.  I also wish most people knew it's our gov's not the people behind this crap.  As an American I always remind my foreign buddies that I hate my gov probably more than they do, and that I want nothing but peace.  The US spends more on it's military each year than the rest of the world combined.  That is so ass backwards it sickens me to even think about. 

For the rest of the world, I feel that too much socialism is the problem.  Also the whole buying a home thing is more so a problem of big corporations and foreign nations buying homes and becoming slum lords.  Driving prices up on rent as well as making the buyers market a disaster.  It's really sad the way things have been headed.  However most of my friends, with good, medium and okay jobs are still finding ways to buy homes.  So it's not as bad as some make it out to be.

I encourage my clients to invest as if SS wont be there.  I actually have a friend coming over shortly to help set up a portfolio for her, and will be echoing this same thing to her tonight.

maybe the problem lies in each person's finances being different, because of course there are people who do have sufficient income and can save some of the income they earn, and with those who have stable finances they should be able to save because it is for their own good themselves in the future too. because of course we have to be able to prepare for our future, by working hard to be able to make money and save for the future if we really want a good enough future.

and for those who can't save maybe because they don't have stable finances. with unstable finances where it is possible that their needs are always lacking because their income is limited, it is not surprising that they cannot save, the problem can still be fixed, they must be able to work harder by looking for additional work or part-time work to improve their finances so they can save for their future. and maybe every once in a while they can take out a loan to meet their needs and maybe that will be a pressure for them, but that's how life is, we have to fight as best we can to survive.

Dont make yourself that be reliant with government aids or somewhat such as this because if you do put up yourself on such condition then you would really be definitely be having big problem because
if you do find yourself that been depending into those aids then you wont really be that having any progress into your life and this is something that you should really be changing up that kind of life or mindset you do have.
Never ever make yourself on having that kind of approach into your life because there would really be no progress t hat you could get if you do have that kind of approach.

This is why if you do find yourself that not having that kind of opportunity then you should really be doing your very best on trying out to achieve on things on which you would really be having
that kind of approach on things if you dont really like on staying up on what you are now because you are the ones who would really be leading up your life for the betterment.

Savings problem is actually that caused by several reasons;

1. Non sufficient salary
2. Too much expense
3. Lots of responsibilities and priorities

Which these things would cause up for you to have that kind of shortage on which this is something that you must really be that facing or everyone is really that facing.
If you are really that indeed having a job which does only give out that basic pay then you would really be definitely be having that kind of struggle on which this is something
that you would really be needing to make adjustments if needed because if not then you would really be that having that struggle.

If you would really be needing to work extra then you should or must do, because we are living in a world where economic conditions become even more shittier
as the years passing and this is something which is inevitable.