Cash Advances Needed | How can Saving be Killing the Economy?

Different borrowing, more saving

Could this little piggy bring the economy crashing down? I don’t think so.

While it’s true that more people are relying on cash advances now, there is also a higher number of people stashing money in their savings accounts.

I will be the first to admit that when I read the headline “Why Saving is Killing the Economy,” I rolled my eyes.

Sensational saving skeptics

Call me cynical, but I just have a hard time believing that hard-working Americans stowing $20 out of their paychecks is “killing the economy.” For one thing, some would argue it was already dead.

I completely understand that consumer spending is key to supporting a thriving economy. But given the fact that more and more people are needing cash advances, I’d say we need not look at low- and middle-income Americans as the culprits in this “saving crisis.”

Show me the money

All that’s happening is people aren’t spending money on things they don’t need. Yes, that does mean businesses that deal in frivolity run the risk of going under. Or maybe they just need to market their frivolousness to a different market. ... click here to read the rest of the article titled "Cash Advances Needed | How can Saving be Killing the Economy?"