11.25.2014  |   | Subscribe  | Contact us

All News & Blogs

E-mail Alerts

Spending, not saving, seems the modern way

Date published: 2/12/2013

Spending, not saving, seems the modern way

What a nice surprise when I opened my Sunday Schen-ectady [N.Y.] Gazette to find a Free Lance-Star column by Andrew Kline ["America's money tree," Viewpoints, Jan. 20]. Having been raised in the Fredericksburg area gave me some incentive to read the article.

I found the subject enlightening and much to the point of the fiscal problems facing individuals and our country today. Kline noted how no one wants to save and everyone wants to spend. Usually this spending involves other people's money, whether money borrowed, credit card, or our government trying to spend its way out of debt by printing more money and borrowing from China.

Many of us born in the 1940s have remained true to our parents' frugal ways and are OK in retirement. What a surprise to see in the article that people making significant amounts of money could not come up with $2,000 from all sources in a matter of 30 days.

Let's hope the "message from Fredericksburg" penetrates to folks who may be closed to saving and get more of them thinking about their future and not rely on other people's money to bail them out!

Gerard F. Havasy

Glenville, N.Y.