Thursday, December 24, 2009

One Saver at a Time

I'm on record strongly advocating that people need to save more. When I heard yesterday that personal savings had held steady October to November against rising personal income, it made me smile.

Now comes this post from Sullivan running a reader's email, updating Andrew as to his financial condition. Andrew has for months been running emails from readers who are dealing with the recession. It was the last paragraph that really got to me:
We live in interesting times, and I know my generation will come out of it with a very different perspective on savings, spending, and investment than did the graduates of the 1990’s and early 2000’s.

I'm already seeing this with my mortgage customers, who in general have more savings than I ever did when I was younger. It's a testament to people living within their means.

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