Should your savings finance a sustainable future or a burned-out economy?

Expert Solution

I strongly feel that my savings should finance a sustainable future and not a burned-out economy. My savings should be used by funds to make investments, increase output, employ more people and increase the income of people. In addition, my saving can be used by the government for infrastructure development, human capital development, technological development, etc., which can support future economic growth. When my savings are utilized in this way, it creates a future economy for all of us which provides more earning opportunities for all of us and improve our standard of living.

On the other hand, if my savings are used to finance a burned-out economy i.e. to finance the high level of government debts, it will neither create infrastructure nor build production capacities for firms. Therefore, there will be no improvement in my future earning capacities or any improvement in my overall well-being.

So, I would like my savings to be used to finance a sustainable future.

Rahul Sunny answered 2 years ago

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