Charles' Take: We Spend Too Much & Save Too Little

Charles gives his daily take on Making Money: Welcome to the trickle-up economy we live in today in America, where people prefer to spend their excess savings. But Charles explains how one person’s spending is another person’s income. Charles breaks down the three types of income classes and the spending and saving behaviors of each group, saying this system is to blame for creating the top 1 percent. Learn more about your ad choices. Visit podcastchoices.com/adchoices