Because we work our ***** off for it and we can't take it with us.
Yep, true story :)
Not all of them do :-/
searching for the american dream a life of useless things so we can feel better than our neighbors.
I have no money you got the wrong guy
First we sold the government to the highest bidders, then we took out a loan and gambled that away. It's a capitalist compulsion.
How much interest can you earn saving money?<br />
REMEMBER you have to deduct the taxes from that earned interest.<br />
Then how much does the rate of inflation go up each year?<br />
When you are saving money, You are losing buying power. <br />
You get 1.5% if you are lucky, and then pay 1/3 of that in taxes. Leaving you with a whopping 1% earned. (IF THAT) and the rate of inflation goes up 3% each year. <br />
YOU LOST 2% of your buying power ! <br />
10 years of saving and you lost 20% of your buying power. Just look at it this way, in 1912 a new car was $500 in 2012 a new car is $20,000 See the buying power change?<br />
You are making the banks wealthier since they use that to write loans against. YES, The banks USE your money to make loans that THEY claim the interest from !
Why do Europeans spend money all the time?
I guess if I had some Id spend it.....
They should. It's depreciating rapidly.