In these uncertain times Analysts have struck a nerve by claiming that American’s are destroying their economy by hoarding cash, and they feel that the American citizens should spend their cash in order to revive their country’s economy. In my personal opinion I don’t think that American citizens are wrong to hoard their cash, due to uncertainty surrounding their jobs. What are your views on this matter should America’s citizens sacrifice their savings in order to save America’s economy, or should they continue to save cash but unintentionally continue to harm America’s economy?
Well, we have been told a different story for years
That there are no savings, and America is made up of households living on credit, whether it be homes, cars, and whatnot. However, as it seems to me, you can't work it out both ways, like you can't have a cake and eat it (unless you are going to eat for the second time, of course). If you have cash on hand which you want to stash, you can't be in debt as debt forces you either to spend or to pay back (then mission accomplished). This way, something smells extremely fishy with this narrative, don't you think?