☆ Yσɠƚԋσʂ ☆@lemmy.ml to China@lemmygrad.ml • 8 months agoChinese Household Savings Hit Another Record Highexternal-linkmessage-square8 fedilinkarrow-up132cross-posted to: china@lemmy.ml
arrow-up132external-linkChinese Household Savings Hit Another Record High☆ Yσɠƚԋσʂ ☆@lemmy.ml to China@lemmygrad.ml • 8 months agomessage-square8 Commentsfedilinkcross-posted to: china@lemmy.ml
minus-squarelorty@lemmygrad.mlhexbear7·8 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? linkfedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlhexagonhexbear7·8 months agoAbsolutely, people having savings also means they're in a much better position to weather any economic downturns making the economy more stable. linkfedilink
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.