Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home

[DonFerrari]

VGPolyglot said:

DonFerrari said:

Who said anything about no one buying anything?

Any real economy growth have strong savings accompanying it, so it can be invested, infrastructure created, costs lowered, etc. On an economy of all in debt or with small savings leads to inflation while lowering GDP.

Creating infrastructure requires the spending of money, many countries go into debt for infrastructure as it is something that cannot be just be ignored until savings are high enough, you need roads to get to the stores and businesses, electricity to provide power for the machinery, school to indoctrinate the population, etc.

And nothing of that comes from population in debt, but population making savings that will loan the money (invest) on companies that will provide the infrastructure.