This article is about why Americans don't save as much money as people do in many other countries. I wondered if there was some trick to saving money. The article went on to explain that the idea of spending to promote the economy is not the best message to send people. In other countries, people are encouraged to be thrifty and save up money, and their economies are more stable because of it. This news interested me, because I have frequently heard that everyone must spend money in order for the economy to flourish. According to this article, that concept is flawed, and Americans need to do more saving and less spending, especially the people who cannot really afford to spend much at the moment. This made sense to me, because I am constantly hearing about people getting into debt and having financial issues. I have always wondered why people buy more than they can really afford. After all, I have never met anyone in my life who has owned nothing exceeding the bare necessities. Therefore, everyone could spend less, avoid debt, and still survive if they really wanted to. However, I understand that American society is constantly encouraging people to buy what they do not need and spend money they do not have. To defend itself, America also tells people that spending will help the economy. However, hopefully this article will wake people up and change our strategy.
The article relied almost entirely on logos. Unfortunately, this made it a bit boring. I found myself very bored with it after a few sentences, although the information it contained was useful and convincing. But as long as people can get through the article with falling asleep, they will find a great amount of evidence that would be very difficult to dispute. The article is full of statistics proving that Americans spend more, save less, and still are struggling economically compared to other countries. As soon as I finished reading it, I thought every citizen of America should know this, and perhaps we could finally change our behavior and improve the economy. Unfortunately, there are thousands of people who would be all too willing to describe the advantages of borrowing money and spending. Despite the popularity of that point of view, however, this article has a solid, logical argument that thoroughly convinced me of the truth behind it.
Article: http://www.nytimes.com/2011/11/25/opinion/why-we-spend-why-they-save.html?_r=1&ref=opinion
It does seem logical that spending money would help the economy because then everyone would have a fair share to it but once you think it through, it makes more sense to save. I agree with your analyzation, while articles like this are important to read, they sometimes seem monotonous because of the lack of variety and lame terms.
ReplyDeleteif only my mother could see this.....
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