Regarding saving for retirement, some say we should save 5% of our annual income each year and put it into a 401k. There are a variety of thoughts regarding savings plans, but the bottom line is 97% of Americans aren’t following sound financial strategies when it comes to saving money.
But here’s the thing, we might not be doing what’s best for us as far as following sound financial advice, but we are doing what’s generally best for our politicians, and that is to spend, spend, spend. Good luck finding a politician who truly wants people to take care of their own livelihoods, instead, the more tax revenues the more influence and power they have which as we've seen, leads to their personal wealth.
The more we spend the more we pay in taxes at every level even down to our city taxes. No, they don’t want us to put our money in the bank and not buy that fancy new SUV. The fact is, they know they'll make more money off of electric vehicles because they cost so much more than what an average consumer is spending now on a vehicle. The more we spend the more they can legally take away from us. I guess what it all boils down to is this, if you really want to stick it to the government (the man), start your effective saving strategy today.