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0 sats \ 1 reply \ @cryotosensei 30 May \ parent \ on: 55% of Americans have three months of emergency savings econ
Good point. Japanese people save a large proportion of their income because of the perpetual low economic growth situation
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0 sats \ 0 replies \ @SpaceHodler 30 May
Japanese people save a large proportion of their income because of the perpetual low economic growth situation
Do you know why they don't invest much? I've heard only 1/3 of the Japanese population invests. I know part of that is the NISA accounts, which are tax-free, but only allow Japanese stocks, which are non-performing.
It's a really peculiar money culture from a Western POV.
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