Between the housing slump and the effect of globalization, U.S. economy is highly dependent and driven by consumer spending based on data from the first half of the year. Why did I bring this up? We people who blog about personal finance have often mention the need to teach financial awareness. This is especially true after looking at the lowest American savings rate in ages. People should educate themselves about personal finance to be financially ready for the future, to be able to take care of the inevitable parts of life concerning personal finance…
But then, I think those business people (I’ll call them “the man” from here) don’t want people to be so financially aware…
“The man” don’t want us to understand to figure out lesser deals that means bigger profit margin for them.
“The man” don’t want us to be frugal.
“The man” don’t want us to have budgets.
“The man” want us to put all our money into their pockets!
I know. I know. It’s a bit “conspiracy-theory-ish”, but after all, the economy is ESPECIALLY depending on consumers’ spending these days.
Just a thought.
Originally posted 2007-06-29 00:47:00. Republished by Blog Post Promoter