1.20.2025

Saving money is not encouraged

China's frugal young adults accelerate saving, raising economic risks

BEIJING, Jan 20 (Reuters) - The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend, spend and doubles down on saving.

This, I guess, is something like Georgie W's urging Americans to keep shopping after 9/11.

I would point out that I, myself, have heroically supported a growing economy at every turn. 

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