The Bias Against Saving By Buttonwood Essay

The Bias Against Saving By Buttonwood Essay

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When growing up, I heard over and over from my parents to save my money. Most times this was encouraged in order to ensure that I wait to spend my money when I needed it. Although this was a main concept that I heard while growing up, it seems as though in today and age, saving is not the right way to go. There are many opinions about the idea of people saving their . The economist illustrates their opinion in the article “The Bias against saving” by Buttonwood. In this article, the main idea is the thought that individuals should be saving because those savings are needed to spread among other places in the economy.
When trying to explain the idea illustrated in this article, Buttonwood starts off by stating some negative results that are seen through the process of saving. Buttonwood states, “there has been talk of a global ‘savings glut’ for a decade now,” which is an illustration of the economic condition. The article goes on to explain that “Part of the idea of near-zero interest rates in the world is to discourage saving and to encourage borrowing” (“The Bias against Saving”)...

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