In this video, we examine four thought-provoking reasons that frugal living is now popular. Looking back over the past 90 years, I show you the circumstances under which Americans have spent less and saved more. Historically, personal savings rates have dramatically risen during times of crisis.

Since the beginning of 2020, the personal savings rate is up over two percent. The question is: Will it continue to rise? We tell you why we hope so and give you tips and suggestions about the importance of deciding what you value, living with fewer possessions, and asking older friends and relatives about lessons they have learned about frugal living.

SOURCES USED IN THIS VIDEO:
CHARTS:
○ https://www.researchgate.net/figure/US-personal-savings-rate-as-a-percentage-of-disposable-income-1929-2009-Source-US_fig1_49604051
○https://fred.stlouisfed.org/series/PSAVERT

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//WATCH MORE VIDEOS ABOUT FRUGALITY:

○ How to Be Frugal – Not Cheap or Greedy: https://www.youtube.com/watch?v=uuqcjrH37cY
○ 70+ Creative Frugal Tips: https://www.youtube.com/watch?v=ztr-L6cv30k&list=PLCom1FJcZQnfh4QL9Ff1su0Hdfo49-wtg
○ Extreme Frugality – Tips to Save Money Fast: https://www.youtube.com/watch?v=k_sW4KD5bk8&list=PLCom1FJcZQnd1GG3VA5hSherwtw1wti5G

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We’re Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media.

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