There is no incentive to save any money these days as no one wants to pay you anything for it.My bank checking account pays a whopping .3%. but loans it out for 6-8%. A 1 year CD is 2.2%,a 10 year T-Bond is 2.3%.You just as well stick it under the mattress.
Wall Street and the Hedge Funds want you in the stock market so that they can get their lousy hands on it.For lots of people 10 years worth of gains are gone.In the past 12 months a friend lost from $200,000 down to $100,000 and he's 63 and has no time to build it back.I had mine in safer places and only lost $10,000.
Our economy is now based on borrow and spend and everyone being deeply in debt.Reward people for saving and lots more will start doing it.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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