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The 20% solution: personal savings rates Personal savings was low in Q1 2016.
"This is not an economic issue or a
'class' issue no matter how much the writer(s) would like it to be. It is a values issue. [...] Most of those who become rentiers learn to be either through formal education or on their own, although it is clearly true that some are born into it (so what). What rentiers learn or just figure out on their own, is to live as frugally as one can reasonably do and save for the future and then invest in that future. [...] What debtors generally do is live the maximum lifestyle today that their income will bear and mortgage their future. [...] In the end, it’s a choice. A choice and values that have been forgotten by far too many Americans. Attempting to
'fix' the 'problem' through political means will ultimately make things worse, as it always does. [...]"