Is Saving Money a Violation of Civic Duty?
My mother always told me “every cloud has a silver lining” and the silver lining in the storm cloud of our current economy is this…millions of Americans are trying hard to spend less and save more. The savings rate is actually increasing for the first time in decades. People are giving up the conspicuous consumption that has marked our spending habits, and frugality is now “chic” even among the wealthy. Some people are cutting back on spending out of necessity, others by choice. Whatever the reason, our economic problems have served as a wake up call that has helped bring us to our senses. However, it seems the more we save, the harder some people try to discourage that behavior. There will always be people trying to convince you to spend your money. If you listen to economic journalists these days you have undoubtedly heard that what the economy needs most is for you, me, and every red-blooded American to start spending. In fact one column I read went so far as to say that it is our
