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- What are the pros and cons of
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Card 49 / 100: What are the pros and cons of saving a high fraction of your income?
Answer:
The pros are a higher future wealth and income, the cons are less consumption in the near term.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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