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A nation of big spenders
A survey by AC Nielsen recently put the United States at the top of the list of countries with the most consumers surving from one paycheck to another. 28% had no spare cash after making payments for living expenses.
In contrast nations like Philippines, India, Malaysia, Indonesia and Thailand had the highest rates for savings while at the same time, raking at the bottom of the list of having no spare cash.
As the richest country in the world, the United States ranks first for the highest gross domestic products ahead of 192 countries in the world. In terms of per capita, the United States is third on the list with Philippines at 107, India at 125, Mexico, 66, Indonesia 121 and Thailand 72.
Therefore being the richest country, Americans are not faced with a dearth of income opportunities. Yet most spend far too much to enjoy financial security. Credit card info.com reports:You've heard Aesop's fable -- the one about the ant and the grasshopper.
It goes something like this: The ant spends his time industriously storing food supplies for use in the future while the grasshopper lounges around on a leaf, poking fun at the ant. The grasshopper's motto is live for today, while the ant's creed is be ready for tomorrow.
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