Balancing Savings and Consumption: Finding the Middle Path
The Middle Path: Savings vs. Consumption A famous story about the grasshopper and the ant is often told to children to extol the virtues of savings and hard work. The story goes like this: In a jungle, a grasshopper and an ant live as neighbors. The grasshopper believes in enjoying life and living in the moment, while the ant plans and prepares for the future. During the summer months, the grasshopper spends time singing, dancing, and enjoying life, while the ant works diligently to store food for the winter....