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Why I wish I'd never saved a penny

By Chris Carter   July 2002

I have decided against saving. As a child growing up in the rural American south, I was taught the virtues of hard work and thrift. I recall my great-grandmother, born in 1900 and a survivor of the depression, repeatedly asking family members if they had “work.” A look of relief would envelop her face when they replied positively. My family had low expectations. A job counted as success, and made savings possible.

When I was given money for birthdays and holidays, I heard the tired clich? to “save it for a rainy day.” This made no sense. What was so…

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