A Picture Worth A Thousand Words
This simple, but potent, chart is a Google Ngram of the frequency in printed material of the terms “Spending” and “Saving” since 1800. Note that the incidence of the term “Spending” starts to rise dramatically after WWII and surpasses the slowly declining Savings term in 1980. Funny how this coincides with the decline in personal savings and explosion of debt-driven spending that began in earnest in the early 1980s.
Thanks for the pointer to Dylan Grice.Tags: Personal Savings