Does FINE need to replace FIRE when saving? –Silicon Valley

A recent CBS News / YouGov poll found that 69% of Americans were generally optimistic about their personal finances. This is a surprising turnaround from the early days of the pandemic, where millions of workers lost their jobs and were worried and anxious about the future.

Jill Schlesinger

The worst recession since the Great Depression seems to be in the rear-view mirror in just over a year. This is a much faster recovery than what was seen after the Great Depression. The difference between the two recessions has a lot to do with their causes. The catastrophe, which officially began in December 2007 and ended in June 2009, was triggered by a housing boom funded by easy lending to consumers by banks, as financial institutions place large bets. It was exacerbated by packaging the loan to. The pandemic recession arose as governments around the world shut down their economies to prevent the spread of COVID-19. Those same governments also provided ample relief to workers out of work, without their own negligence. Does FINE need to replace FIRE when saving? –Silicon Valley

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