In many countries around the world, from China to the US to Australia, there is concern that people are not spending enough of their money. They are saving it.

The average person needs to save some of their money for emergencies and for their children’s education, but in most cases, saving is not a good idea. The top 10% save a huge amount. There is only so much they can spend on houses, boats, holidays and luxury material possessions, so they just invest it and then save the dividends so they have more saved. This is detrimental as it does nothing to support a sustainable world.

A key reason that the average person is consuming less is that many have realised they do not need lots of material possessions. They would rather live in a........

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