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S E30: Consumption and Saving - Spend Now or Save to Spend Later
Think Like An Economist
Why People Save Money
People will save if they've t an expensive life change coming up. A higher real interest rate means you'll earn money by not spending it in putting it into a savings account, so you can spend more in the future than you could to day. Another reason why people save money is that you may want to pass wealth on when you die. We're recording this in february 20 21.
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