What is the economic impact of saving?
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Savings actually form the foundation of civilization. For a great primer on the importance of savings, check out the following article:\n\nhttp://www.mises.org/story/1596\n\nScroll down to the section called "The basics of the pool of funding concept"
170087
The Economist has an Economics A to Z section to help you understand various terms.\n\nIts helpful for looing up depreciation, gross, net, etc.
426954
Save $100,000 each year.
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It depends on what you mean by "save a lot of money".  If you are trying to save money over a period of time, it depends.  Over the long haul you might save money by buying, since you'll end up owning the property and could sell it and recover your investment.  You might even make money by buying if you live in an area where the property value is likely to go up over the period of time you might live there.\n\nIf you're trying to save money on a monthly basis, renting is usually cheaper, unless a) you might rent out one or more rooms, thus off-setting your out-of-pocket monthly expenses, or b) you can afford to put down a large down-payment.\n\nLiving in a high-cost area myself, I say "buy" if you can afford it.  If nothing else you can go to town on decorating or remodeling, something you can't usually do when you rent.
1185458
On a net basis, no one.  In real terms, higher interest rates are a result of inflation which is an asset transfer usually from the poor to the rich.  However, there can be no profit if rates rise and no real transfer.\n\nNow, there are individuals and organizations who personally benefit and others who lose.  On average, everything is neutral.  Anyone holding cash, variable rate instruments or short long dated fixed rate instruments is ahead.  Anyone fully invested, holding fixed rate instruments or short floating rate securities is losing.  Commodity prices tend to fall as rates rise, existing owners tend to lose, but consumers then buy things at lower costs and win an equal amount (or approximately).
852248
Yep, the instant savings mean that the amount will be taken off imediately.  Dell and computer ppl do that alot.
150009
If I understand your assignment correctly, our economy has been changed by terrorism due to 9-11 because of the shock to economies based on tourism (remember, people were afraid to travel); job losses, particularly in the service industry; and housing.  Because of the war against terrorism and the interference with oil production, costs have been driven up.  The higher oil price impacts everything because of freight costs: food trucked from warehouse to local grocer, manufacturing, housing materials.\n\nAlso, the higher price means we all pay more at the pump.  For those with low discretionary income ($ left after paying rent or mortgage and utilities, car payments or car lease payments) (aka fixed expenses), the higher gas price in effect drives down their wages because it is costing more to drive to work.  This extra expense means less money for other things, such as necessities as food, and less to spend on new clothes, CDs, and other manufactured goods, the sale of which brings up the US economy.
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The impact can be described in one word... globalization. Globalization reforms are actually going to boost India's economy enormously and make them a viable global market competitor to be taken very serious.
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right NOW my job is quite secure... but it's impossible to predict the impact the economy might have on it down the road.\n\nthe effect snowballs as people have less disposable income, and they spend less on non-essential items (such as eating out: i work in a restaurant.)  fewer customers lead to fewer employees needed, so the ones that remain are forced to work harder to cover the slack.  and as the cost of the raw materials (in this case food) increases due in part to higher transportation costs, the profit margin shrinks to a barely manageable level.  \n\nit is a scary time for small business owners and employees alike.  a one-word description for the way i feel about the whole economy is "cautious"... we are in uncharted waters.
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Yes....it needs to settle the economy.\n\nIt won't affect me that much.
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If people buy whole life insurance policies they are buying both life insurance and an investment vehicle.\nThe money above what pays for the insurance is the 'savings' part of the policy and thus increases the national savings rate.\nThe US national savings rate recently has been negative for the first time in our nation's history.  It means people as a whole are spending more than they are bringing in.\nIt is a sad harbinger of an impending credit crisis.\nInterest rates will soar.\nIt's best to try to limit your credit and save more if you can right now.
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The impact is generally, good. It has narrowed the gap between countries and cultures. It also provides unlimited knowledge at your fingertips. It has freed up the mind from useless clutter, because now the computer can store it instead of us.
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The impact would be huge and spread far beyond 100s of thousands of people just being sick and/or dying.\nIn attempts to stop the spread of the flu, schools and businesses would close as people began to stay home in attempts to isolate themselves and not get sick. That means no production, no shopping and no spending and the economy takes a big hit.\nAnd with many people staying in and businesses closed, you can count on a certain part of the population trying to take advantage and risking illness to loot, leading to massive insurance claims by businesses and shortages of key items as people begin to emerge from their exiles (be they self-imposed or government imposed).\nAll-in-all, it will be one big mess.
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economy is the most important, enough money will support you to run away to more or further places\n\nso, step one, try your best to save enough money
376231
yeah. Think of the tax you save!
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lower unemployment rate.  exactly what tax cuts do raise job market\n\nGross Domestic Product (GDP)\nTotal annual output of the U.S. economy, measured by its final purchase price. \nGDP is divided into four categories, according to the final purchaser: \n\n\nGDP = Consumer Spending \n+ Business and Residential Investment \n+ Government Spending \n- Trade Deficit. \n\nyou are not gonna get intelligent responses because your understanding of FACTS is wrong.  Learn what GDP is.
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Higher rates slows down the economy by making the costs of borrowing higher.  Businesses invest less and consumers will spend less, so prices won't go up so much.\n\nHigher rates attracts more investors to the country because there will be a higher rate all around for both bonds and savings type accounts.  These accounts are all based on interest rates.  With more investment, the currency gets stronger from supply and demand.\n\nEdit: No, higher interest rates aren't the only indicator.  If investors feel that the currency is going to depreciate in the future because the economy is weak, then the country has to provide a higher interest rate just to balance that effect.