Spend or save your cash?

According to Charles Bean, Deputy Governor of the Bank of England, we should be spending our cash rather than saving, if we want to help the economy recover.

But would it be wise to listen to this advice, when all over the world, workers fear unemployment? People who saved throughout their entire life are now being urged to give up some of their savings to help their country recover from this financial blow.Mr. Bean's comments are being called "irresponsible" and contrary to sound financial advice. We can find enough reasons to save our cash instead of spending it.
(The daily telegraph)

Lore Maes