Quote:
Originally Posted by The Reaper
I am not sure, what does it count as "personal savings"?
IRAs, 401Ks, mutual funds, equities, money market funds, etc., or just savings accounts?
It could mean that we have transitioned from the conventional passbook savings accounts to a more diversified means of accumulating wealth.
TR
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Beat me to the punch.
To be clear, in the earlier comparison between spending and earning, "spending" was meant to be an idea distinct from investment or debt reduction.
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