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  December 2005 Archives
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Eat your spinach. Or why it is so hard to save for retirement
» Posted by Martin Weil on December 05, 2005
But for most of us, it would probably be easy to save for retirement if we were willing to live like your parents did--or at least like my parents did. One television, no stereo, no VCR, no cable, one (used) car, six rooms for four people, no eating out, no cell phones, no vacations other than visiting relatives, stretching meat out with egg and bread and noodle rings, jello as a salad, turn the light off when you leave the room and get off the phone--it's long distance!Jane Galt as quoted by Tyler Cowen in his economics blog Marginal Revolution. Tyler adds "Saving is less fun than it used to be, most of all in the United States. That is one reason why we save less, or save only in fun forms, such as capital gains on our homes. The better your society at marketing and retail, the harder it is for abstinence to compete."
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