We should be preaching to not go out and spend as things open up. Create your nest egg and forego spending buying only food and dire necessities. No entertainment, no shopping for anything you don't have to have. More peoe saving and less spending will only strengthen our citizenry.
The thread premise is truly ridiculous.
It’s because people live paycheck to paycheck that they can’t ‘save up’ to create a ‘nest egg.’
They’re already foregoing buying things.
Indeed, after rent/mortgage, utilities, food, and other necessities, there is little – if anything – left over.
And if they manage to save a small amount of money, it’s gone when the car needs to be repaired, when the water heater dies, or when there’s a medical emergency.
Most Americans have been hard-hit by this recession not because of ‘reckless’ or ‘irresponsible’ spending, but because wages have been stagnant for decades.
The fact that wage stagnation stems from intentional policy decisions means that fundamental economic forces did not make these trends inevitable. The income, wealth, and wages generated over the last generation were sufficient to provide broadly shared prosperity for all families. There will be...
www.epi.org