{"id":11861,"date":"2025-12-13T05:47:52","date_gmt":"2025-12-13T05:47:52","guid":{"rendered":"https:\/\/staging.kabbalah.info\/?post_type=book&#038;p=11861"},"modified":"2025-12-13T05:47:52","modified_gmt":"2025-12-13T05:47:52","slug":"buying-more-saving-less","status":"publish","type":"book","link":"https:\/\/www.kabbalah.info\/en\/buying-more-saving-less\/","title":{"rendered":"Buying More, Saving Less"},"content":{"rendered":"\n<p>According to the magazine,&nbsp;<em>Global Finance<\/em>, \u201cHousehold saving rates as percentage of disposable income in the U.S. has declined from 7.3 in 1992 to a mere 1.7 in 2007, at the start of the financial crisis.\u201d&nbsp;<a href=\"https:\/\/www.kabbalah.info\/eng\/content\/view\/full\/108939#anchor_ftn1\"><\/a><a><\/a>[<strong><a href=\"https:\/\/www.kabbalah.info\/eng\/content\/view\/full\/108939#f54\">54<\/a><\/strong>] People are squandering their savings and even increasing their debt to \u201cstay in the game,\u201d with the full endorsement of the advertising industry.<\/p>\n\n\n\n<p>Such a negative savings rate has grave social and financial repercussions. It is a time bomb that will explode in times of crisis when our financial confidence is compromised. When a rainy day comes, we often find ourselves with little or no savings, yet we must still pay for the credit we received to fund needless consumption. When such a turn takes place, people stop their over- consumption abruptly, causing companies to cut their work forces. Then, state income from taxes drops and the crisis quickly escalates.<\/p>\n\n\n\n<p class=\"has-small-font-size\"><a href=\"https:\/\/www.kabbalah.info\/eng\/content\/view\/full\/108939#anchor_ftnref1\"><\/a><a><\/a>[<strong><a href=\"https:\/\/www.kabbalah.info\/eng\/content\/view\/full\/108939#54\">54<\/a><\/strong>] Tina Aridas, \u201cHousehold Saving Rates,\u201d&nbsp;<em>Global Finance<\/em>, http:\/\/www.gfmag.com\/tools\/global-database\/economic-data\/10396-household-saving-rates.html#axzz1bQlyYiFq<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the magazine,&nbsp;Global Finance, \u201cHousehold saving rates as percentage of disposable income in the U.S. has declined from 7.3 [&hellip;]<\/p>\n","protected":false},"featured_media":0,"parent":11620,"menu_order":0,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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