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Podcast: Money Shifts by Tom Young.
Episode: EP # 619, “Saving is Painful, if you don’t have a reason!”
Description: The average savings rate has consistently been around 3 to 4% excluding times of trouble. Example, during Covid the savings rate went up to as high as 16% and has since dropped back to historic levels. Why don't people save more? That is the question. I believe they do not have a goal, dream, or agenda.