"thunder" wrote in message
...
On Wed, 14 Oct 2009 17:53:04 -0500, Vic Smith wrote:


Same old, same old. Glad Obama is bringing hope and change though.
Let's see if his health care program heavily subsidies the health
insurance companies with taxpayer money, while premiums continue to
rise.
That might be harmful to him.

This recession has changed something, Americans are saving. We are up to
5 1/2%. Can't say that it's a long term change, but...


That's a big change that might not go away. Once people see the result, they
have trouble stopping. I did this with my niece. She was 10. We talked about
compound interest in practical terms... say, you want to buy the latest mp3
player, but you don't have enough money, etc. I started her off with $300,
with the promise by her that she would not spend it for two years, that she
would still get her usual horribly spoiling behavior from her aunt that her
mom hates but tolerates. Two years is almost up and now she's saving for a
new computer. To be fair, she got the mp3 player as a gift. :-)

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Nom=de=Plume