The savings problem

[EFS]

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.

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[KennyR]

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.

[MarjorieZimmermanGinger]

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.

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.

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.

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.

[harapan]

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.

[franisiz]

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.

https://www.pewresearch.org/wp-content/uploads/2018/08/FT_18.07.26_hourlyWage_feature.png

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.

So, do you agree that radical changes are needed?

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.

[Kakmakr]

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.  

[beerlover]

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.

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.

[snowpega]

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.

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

Happened with you the same thing any time?

[WillyAp]

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.

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.

[Davian144]

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.

[WillyAp]

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. ory.

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.

[Dewi Aries]

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.

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.

[uneng]

So, do you agree that radical changes are needed?

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...

[umbara ardian]

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?

[Kriptogram14]

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.

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.

[jrrsparkles]

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.

[stomachgrowls]

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.

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.

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.

[slapper]

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.

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.

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

[Captain Corporate]

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.

[God bless u]

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.

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.