Topic: The savings problem - page 9. (Read 1932 times)

savings are a pile to continue our future, with savings we can enjoy the future, if our savings are enough for old age then life in the future will be easy, by joining bitcoin we hope to produce results from our savings in old age, by If we are serious about achieving savings in a more beautiful old age, then from now on we must manage our finances well, expenses and income must be stable, so that it is easy to organize the future of our own savings, the problem of making savings is a bit overwhelming for those of us who If you have less income, then by joining Bitcoin we have to fight for a more beautiful future. Being grateful that Bitcoin makes us enthusiastic about saving for a more beautiful old age.

Forget stork deliveries and baby booms – in the West, having kids these days feels more like dodging a financial meteor shower. Gone are the days of government handouts and overflowing piggy banks. Instead, we're juggling stagnant wages, shrinking paychecks, and the ever-present threat of "budget cuts." No wonder many of us are looking at parenthood with the same enthusiasm as a tax audit.

It's not just about the money, though. We're also facing a cultural shift where climbing the career ladder and sipping oat-milk lattes seem more glamorous than sleepless nights and diaper duty. Don't get me wrong, there's nothing wrong with ambition or fancy coffee, but let's be honest, raising kids ain't exactly a walk in the park, especially when the park costs an arm and a leg.

So, what's the answer? Draconian austerity measures to punish people for not breeding like rabbits? Nah, that's just gonna make everyone even more stressed and put parenthood further out of reach. Instead, how about we try something a little more…human?

We do agree changes are needed, although nobody knows for sure which changes should happen to assure the results we are looking for. Some will claim more financial freedom is needed, while others defend more state's intervention. In the end, none of the measures promoted seem to work for real, because there is a common human factor on both methodologies which is fail and ended preventing considerable positive results appearing for everyone, especially nowadays, since individuality has grown stronger than ever, and people became more egoistical and selfish.

So if someone is able to thrive in life through any means, he won't care enough if everybody else is also doing well or facing harsh situations in life, like you mentioned in your post. These people are on top positions of the world, and of course don't want any changes at all, because it's comfortable for them how the system is right now. In my opinion, although we always have God watching and intervening for us, we are by ourselves in this physical world, thinking at society's level. You can't rely on authorities, coaches, celebrities, businessmen and fake messiahs who appear on our modern society from times to times in order to make a change in your life for the better.

What we can try doing is to find gaps on this wicked system we live in, so we can improve our standards and life quality step by step. Bitcoin is one of these gaps, while other gaps involve certain attitudes you have for yourself, such as keeping your monthly budget under control, avoiding superfluous companions and empty women, boasting parties and rides, and of course, not starting a family without a planning in advance.

The extreme change or measure here is to respond to an individual and selfish society with more individuality from your part. That is how we survive these days, I suppose...

I agree with you, knowledge about money management certainly has to be passed on or learned in order to be able to manage finances well, of course this can determine the future, because usually the current young generation doesn't think about the future so they can't manage their finances well, either. with current developments, where many young people always want to appear luxurious in front of many people, and in my opinion this is what encourages them to spend a lot of money to fulfill their style which wants to be seen by many people.

and in my opinion, only a few young people want to save for their future. Nowadays many young people are lazy about working, even though in my opinion they need income because they themselves also definitely have desires that must be fulfilled, and if they ask their parents for all that, in my opinion they are shameless, because of their age. When they are adults, they should be able to earn their own money and save instead of just asking their parents. Most young people are stuck in a zone that makes them comfortable, even though it doesn't produce results, they are still comfortable, it would be a shame if they continued like that and didn't think about the future.

Partly true.
Partly because I see people being poor are able to unite cash for a bottle.
I also have seen kids not knowing that 20 is much more than 10.
Ignorance is what makes people remain in poverty.
Education being the only medicine which works.

People who have not been able to save are people who usually have a small income or an income that is only enough for their daily food costs. But basically those who have not been able to save will definitely have the intention to do so if they already have more ability through the income they earn and whereas those who save through crypto and shares are usually people who already have more income. So they can make adjustments between the funds they will consume daily and savings funds in any form.

Regarding lack of discipline, it seems like this is only owned by lazy people who don't want to manage their time properly enough so they will only try when they are hungry and really have no intention of achieving better development for themselves. So this is different from those who are unable to save but still have the intention to save and is also different from those who are able to save in crypto and shares, because the three are not the same category.

That people are not able to save money is up to their inability.
The lack of discipline is predominant in many societies.

Some people save money but in crypto, in countries which have high inflation in cars, houses, land. Some even in shares.

Well, technology is getting more advanced day by day because developers are making more accurate it. One thing happens to me very time like I am talking with my friends or family members about something after sometimes It start to show me the very relevant item or products I was talking about well maybe it is due to the smart listening of our mobile devices because when we are talking with someone it keeps tracking us like what the user is talking about and when we are using our mobile phones it starts to show us the Ad's of the same thing we were having talks haha

Happened with you the same thing any time?

I do not think that we are going to end up with a total collapse, it is not going to be ending up with anything major. I feel like there are moments when it crashes, that happens, there is no argument about that, but at the same time we need to realize that it is not going to be all that weird in the end neither.

We just need to realize that it's bad times vs good times, it is not going to be zero. People who expect the federal reserve to crash must realize that USA is way too big for that and they are not going to be getting to that Zimbabwe sort of level. We just need to accept the fact that they are going to be what they are going to be and we need to work around that and figure out a way get rich no matter what happens.

You have to look at the bigger picture, because you have a two fold problem here, namely :

1. Inflation : The inflation has increased way more than what wages increased, so people are getting less money to pay for expenses and the expenses increased.

2. Buying power declined : We know governments are trying to print them out of problems, when it comes to printing money. Since 1933... the US Dollar has lost almost 92% of it's purchasing power.

Debt is almost unavoidable, so people will not have savings.. because they have too much debt to pay.  

This is the time of social media, everyone is showing their income and lifestyle. Others get influenced and they also start spending all money. No one is focused on saving money which causes lot of financial problems in future.

The same way wealth is been handed from one generation to another,its the same way the knowledge should be passed down.The knowledge of been able manage finance,save and invest should be introduced as a matter of fact.
 This generation is slacking and lazing around thinking thier poor hard work,mentality and inappropriate response to work can put food on the table for them or cater for their bills.
  So many young people have difficulty in saving money;the lack of inculcating a saving lifestyle is mostly what contributes to poverty in the country.We are trying to encourage people on the need to save for rainy days,but only few young people wants to be in charge of thier finances.
 
The criteria for a successful life is hardwork,saving and investing but most people still enjoy been stucked in thief current stagnant position.

The gap in social values is enough to affect human life and we are at a stage of moral crisis because life takes place independently. The birth rate is growing so much from year to year, while the quality of jobs available is becoming increasingly difficult to meet these numbers. The shift in the world economy towards the process of human life is quite large and when an area's economy is not good it will affect the quality of society within it.

It is so difficult for people to live a normal life, how can people think about saving when living their daily lives. The level of employment opportunities must be provided by yourself and people living in this era must have the skills to make money.

This is a different case and perhaps the younger generation will be lucky enough to be able to buy a car, a house and go on holiday anywhere in their teens. In some places there are still many young people who are unable to continue their education because they do not have money. It would be very detrimental if the young generation like you mean is unable to save and place their money in a much more productive way to generate profits in the long term.

It depends, according to me, the growing technology keeps people under control and gives them the opportunity to save and spend less as well as spend everything. In simple terms, through the smartphone, everyone is being tracked, and we've been triggered to buy things through social media platforms. We just make a search for a product, and then onwards we keep on watching ad's related to it all over the social media platforms. At some point, we think, Let's buy it. This, through some means, affects savings and makes people spend more.

This varies from country to country. I don't think there is a saving problem on a global scale. Some countries are even experimenting with systems like universal basic income, which gives money to citizens without them working.
I think the main problem is that some jobs pay very little. The injustice in income distribution is increasing day by day. The rich are getting richer while the poor can't rise to the middle class. Also, young people can't save or invest because they see the luxurious lives that come with social media all the time. They try to pretend like being rich and spend money relentlessly. They can't save money without changing their lifestyle.

Saving can indeed be challenging, especially for those with monthly salaries and various financial responsibilities. The ability to save regularly can indeed be influenced by the frequency of income, and people relying on monthly salaries may find it hard to set aside money every day. The prioritization of lifestyle over saving is a trend seen in many places. The pressures of daily expenses, bills, and supporting a family can sometimes leave little room for discretionary savings.

Lifestyle choices and the desire to meet immediate needs often take precedence over long-term financial planning. This scenario is not unique to any specific country and is a reflection of broader economic and cultural trends. It implies the importance of addressing both short-term and long-term financial goals that  finds a balance between current needs and future financial security. It's a complex challenge, but small steps towards building a savings habit can make a significant difference over time.

It is difficult to save every day because if they are a worker who receives a salary once a month then it will be difficult to do that, unless you have your own business, or a shop that can earn every day but an employee will not be able to do that even if you have calculated simply.

Still, many of their employees who have a lot of bills will find it difficult to win especially those who have a family then their needs will go there not to save anymore, we know the salary level of each country is different so this only concludes in my own country that the average young generation is now difficult to save they just want to fulfill their own needs which lifestyle is increasing.

Try you notice, most of them now prioritize lifestyle will be more in view than saving often trivialized because of the usual lifestyle.

I agree with you, this is exactly what happens in the environment around me, many young people are competing to fulfill their lifestyle in a luxurious way, including branded goods that have high prices, even though they themselves don't have a job with an income. clear. I think they only think about the prestige they have to fulfill, by only thinking about their youth which they have to enjoy but not thinking about their future, they can have fun at a young age, but don't think about what their old age will be like.

In my opinion, only a few young people want to save for their future, most young people today, as you said, tend to only think about how to enjoy life now and don't look at the future, even though I think the future is also important to prepare for. Those who are still young, even with their young age, they should work hard and think about their future, because I'm sure they don't want a bad future either. but this is a difference of thought so in my opinion it is not strange that something like this exists. but I hope that those who only think about their youth now can think about their future too.

often time its the accumulation of debt because they just can't control themselves is what caused so many people to be poor despite working overtime which supposedly make them able to save some money for future planning but in reality many people are just can't hold the desire of enjoying luxurious thing as you want.
i've seen so many people with small salary already starting to buy some car by loan despite salary sometime become unstable since we all know that everyone is getting fired these days its just such a bad decision that I just don't think i would ever do that but some people just do that anyway since they think they are confident that they could make it through the loan and paying it in full but honestly at difficult time like this no one knows.
even if suddenly the interest rate is rising that already means we gonna become even more broke, definitely overall series of bad decision that could make people never got out of poverty.

I do not dispute the fact that one should invest their money somewhere, but sometimes we want to purchase something or do something and because the salary or income method can’t give all the money at once, we have to save. That’s the kind of case you should consider. Asides that, you still need to have readily available cash for emergency. These doesn’t affect investments as it’s mostly recommended to split your money to each segments in percentage.