Though ours is a country that struggles with a general lack of financial literacy and suffers the consequences of not learning about money in a clear and confident way as kids, most of us can look.
differences in the candidate s plans in terms of the national debt, it is staggering. what are economic benefits that trump is expecting to see under his plan that would keep from piling on the nation s deficit? what he says is you put more money in the pockets of average americans and they ll spend it. it s not necessarily true. rich people do typically save more than spend. they save about half of their tax savings. they do spend half of it. lower to middle income americans do spend more. there is some merit to that argument. but also, corporations. what he says is if you his plan results in corporations saving money on taxes. what they ll do is take the money and they ll invest it in hiring people or biuying new equipment or other companies. creating jobs and raising
they get $2 if they do this, they get $4 if they do this: then they take that money. here s the thing, if you make them save it and not touch it, they won t work for money anymore. so let them earn money and let them do whatever with it when they re young. and then, one day, they ll see, oh, i wished i had saved. i actually do that. when my daughter receives any moneys, birthdays and stuff, i tell her spend half, save half. that way, she at least appreciates that she has something to fall back on. but, momma, here s the real question. are you saving money for you? i am trying. i am trying to work hard at that. momma, kids do not do what you say u they do what you do. if you really want to have an effect on your children, especially your daughter, you have to have an emergency fund. you have to take care of yourself. momma has to give to herself more than she gives of herself. and momma, i m here to tell you you don t do that.
i actually do that. when my daughter receives any moneys, birthdays and stuff, i tell her spend half, save half. that way, she at least appreciates that she has something to fall back on. but, momma, here s the real question. are you saving money for you? i am trying. i am trying to work hard at that. momma, kids do not do what you say u they do what you do. if you really want to have an effect on your children, especially your daughter, you have to have an emergency fund. you have to take care of yourself. momma has to give to herself more than she gives of herself. and momma, i m here to tell you you don t do that. i can see it in you right now. so if you really want to teach them to save, teach them to save themselves by you saving yourself, girl frenld. [ applause ] thank you very much. i ve asked this a lot on my show in the last couple of years, as the economy has tanked almost the whole time. do americans just generally