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|User Info||Why America Is Headed For A Depression; entered at 2008-08-20 08:56:27|
Till 2000, Indians were great savers. Our parents were strict in spending and they taught their children about savings and all. Kids were not getting anything easily. But after that the new generation are least bothered about savings and adapting US way of living (living in debt). People got greedy and low interest rates sparked consumerism. Easy money spoiled a lot here. Now things have changed a lot here. At the same time people are feeling the pinch now with high rates of interest and inflation. Earlier the better, right?
Last modified: 2008-08-20 09:02:11 by jayarammv