Hey Joe 6-Pack: Stop Spending Like You're Rich

People donâ??t save enough money. In most OECD countries, household saving rates (Excel) are falling but the need to save has never been greater. The more uncertain the economy, the more savings you need to protect yourself from a period of job loss, a health scare, or smaller emergencies like car repair. You also need to save for retirement especially since life expectancy has increased, few people get an employer pension anymore, and state pensions are uncertain.