Friday Fun Video: Are You Saving Your Money?
March 28, 2008 by Miranda Marquit
Filed under Finance
One of the biggest stories in the personal finance world right now is the fact that Americans have a negative savings rate. And, in the current economic slowdown, that needs to change. This public service announcement from the Feed the Pig campaign illustrates the point: We need slow down on buying things we don’t need.
Do you think we could lower the price of gasoline if we all cut our driving back just a little (or perhaps left the Hummers on the lot for now)?
That’s a real hungry pig! Our automobiles!!! Yet, we bit** and bit** but don’t do anything about it.
Thanks for dropping by my place :)
Thanks for your comments, Mark! We do complain about the cost of gas, and then do nothing to modify our habits. My husband has started taking the bus to school, and I’ve been practicing major trip consolidation lately. But, as always, we could do even more.
However, in order to make a significant change in the cost of gas, there has to be a viable alternative to compete with it. Unfortunately, we complain that there’s no alternative, and then we don’t support the development of technologies that could provide that alternative. The lion’s share of government subsidies still go to Big Oil, giving oil companies little incentive to change.