☆ Yσɠƚԋσʂ ☆@lemmy.ml to China@lemmygrad.mlEnglish · 4 months agoChinese Household Savings Hit Another Record Highwww.wsj.comexternal-linkmessage-square8fedilinkarrow-up133arrow-down11cross-posted to: [email protected]
arrow-up132arrow-down1external-linkChinese Household Savings Hit Another Record Highwww.wsj.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to China@lemmygrad.mlEnglish · 4 months agomessage-square8fedilinkcross-posted to: [email protected]
minus-squarelorty@lemmygrad.mllinkfedilinkarrow-up8·4 months agoHalf-formed thought this brought me: didn’t a fair amount of 20th century growth be fueled by a lot of workers having access to savings accounts and banks lending that money?
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up8arrow-down1·4 months agoAbsolutely, people having savings also means they’re in a much better position to weather any economic downturns making the economy more stable.
Half-formed thought this brought me: didn’t a fair amount of 20th century growth be fueled by a lot of workers having access to savings accounts and banks lending that money?
Absolutely, people having savings also means they’re in a much better position to weather any economic downturns making the economy more stable.