Because we work our ***** off for it and we can't take it with us.
Yep, true story :)
Everyone regardless of where they are from make purchases, that is just a stereotype
Not all of them do :-/
There are over 300 million Americans ... not sure how you can make such a generalization.
None of us knows what someone else can afford or needs in their lives. You have no idea how much money anyone has in the bank or how much their assets are worth. It's really none of anyone's business but their own.
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?
REMEMBER you have to deduct the taxes from that earned interest.
Then how much does the rate of inflation go up each year?
When you are saving money, You are losing buying power.
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.
YOU LOST 2% of your buying power !
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?
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.