The idea that Americans are overspenders and undersavers and addicted to debt is all myth.
FORBES: Fact and Comment
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Yet over 90% of the consumers who Ratemizer application identified as overspenders could change to a substantially cheaper plan while remaining with the same operator.
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For overspenders, revisiting the virtue of frugality can help them get back to economic fundamentals, such as not spending beyond their means and saving for a rainy day.
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