Why Give or Save?

A quote from a San Francisco Chronicle reader:

As the government becomes more involved in supporting the poor, less and less people are going to give to charities – why should I give the charities when the government helps the poor? ”

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30 Responses to “Why Give or Save?”


  1. 1 wordtown March 1, 2009 at 6:35 PM

    It’s going too hard on us as a country when so many people start retiring and needing help. It’s already hard enough because the elderly are living longer. We have all the technology and medicines to help out the elderly to live longer. If you have the money to give to charity, then why not help out a little. I try and give to the less fortunate even if it isn’t money. We can help out in other ways. Hopefully we as a country start coming up with ways to help the growth of our country from overpopulating.

  2. 2 lalves March 1, 2009 at 8:17 PM

    I personally do not know where the money is going to come from to give to all these baby boomers because last time I was informed our country was borrowing from the Federal Social Security fund. What is happening now is that the retirement age is getting older and older and taxes are going to increase to cover the money that is owed.

  3. 3 Hannibal March 1, 2009 at 9:52 PM

    It’s so hard to tell what’s going to happen when the baby boomers start retiring…so many people are getting ripped off of their 401K’s or getting laid off…they don’t have much to look forward to. It’s sad but true that people won’t want to donate to charities because no one really has money for themselves right now.

  4. 4 Edward Murray March 2, 2009 at 7:55 AM

    Thank god we have at least 30 years to figure this out.

    That’s when the few remaining Baby Boomers will be able to start considering retiring after their 401k’s recover enough to allow for that.

    Since there won’t be that many left at that age, the problem should be quite manageable.

  5. 5 Ricardo Olmos March 2, 2009 at 1:56 PM

    We need to start coming up with sources that can provide baby-boomers sufficint money for retirement. We also should start taking to account ways to invest our money. I think it is rediculous to wait and let the governmet take action to tell us when to give,spend or save. It is not secure to trust the governmet will help all of us finacially, especially students who take out loans to fund their education.

  6. 6 Kit t Kat March 2, 2009 at 6:33 PM

    It is likely to be hard for the baby boomers, so saving by putting funds in interest deposits can help in the future. Also learning how to spend money wisely never hurts, but help people make better decisions. Hopefully the baby boomers will enjoy their retirement, especially after working for years. Also, even if the governmet helps charites individuals should still have a heart to help. A lot of what we do comes back to us, wheather good or bad. When people get really old they’re going to need a lot of help from others, like nurses. So as the saying goes, do unto others as you would have them do unto you.

  7. 7 woltmon March 3, 2009 at 2:21 PM

    I think that its great that the government is helping out the less fortunate, but I also think its important for others to give a hand and help.

  8. 8 NicoleMB March 3, 2009 at 6:41 PM

    Maybe I’m overreacting but I think that quote is horrible. Government may help the poor but that doesn’t mean it fully supports them. It’s government assistance. And I feel like in my personal view I don’t know what government assistance programs have to do with my donating my own money to charity. Just because someone else – be it the government – does it then I guess my portion is taken care of. I thought the more that contribute to charities the better?

    As for Americans not saving… I don’t know how much faith I actually have in programs like social security and medicare so I feel a lot more comfortable with myself if I save as much as I can. Because what if one day there is just nothing?

  9. 9 quiche March 3, 2009 at 8:39 PM

    Whoever said that quote is unsympathetic and appalling. Sure, the government may help the poor but they are not fully responsible for them. Charity to the poor won’t hurt your bank account and you can make a difference in someone’s life by just giving a little. I’m a full-time student and work 2-3 days and don’t make that much I feel sympathy for the poor because i still have a valuables that they don’t have and I still donate a couple of dollars here and there. I guess its just up to a person’s conscious whether they want to donate or not but saying the government is already helping them so why should i donate charity just shows how greedy you are. Moreover, our system of medicare and social security will benefit us later on. We might not think it is because it seems so much when they take it out of our pay checks but what are we going to rely on when we get older.

  10. 10 Mva89 March 4, 2009 at 5:25 PM

    I have no idea what is going to happen when the baby boomer generation finally retires. I know it is going to be hard for them, as well as the government to find a solution to this issue. Personally, I believe people shouldn’t stop donating just because the government is helping those who need it. Every little effort helps, and everyone could afford to donate a few dollars.
    Also, causing awareness of this issue, as well as giving people advice on saving and making good financial decisions can help.

  11. 11 Dennis K March 4, 2009 at 7:19 PM

    Hm it is true, but also selfish thinking in a sense. We shouldn’t rely on the government 100% of the time. They are there to assist the masses if it is really necessary. We all live our individual lives and struggle to get by day by day. Sympathy is needed to show we are still human and not just a pet that the government owns

  12. 12 dionicio arechiga March 5, 2009 at 9:03 AM

    I think the reason why people don’t save is because they probably think that the government is doing it for them which its not. The government takes a lot of money from peoples pay checks in case they need unemployment and so that they have money when they retire but. People should consider the money the government has taken away as lost money and do their own saving and if the government gives you the money back then it’s a plus .

  13. 13 LK Economics March 5, 2009 at 2:44 PM

    We all need to save. The social security system is not enough to live on. It’s unfortunate people abuse the system but allowing people to just stay home and receive income is not okay. Many people receiving help are very capable of working but they choose not to. Although their are circumstances where people are disabled and can not work. It should be a mandatory requirement to only stay on assistance for a short period if you are not disabled and unable to work approved by a medical professional. Their are many incentive programs for those who want to succeed but we make it an option instead of a requirement to either get a job or go back to school. So do save money because it does help the economy and yourself in the future.

  14. 14 Euan Brown March 6, 2009 at 9:58 AM

    In the economic climate it is no surprise that many people are low on cash, i think the problem is that many people have not changed their spending patterns and are still over spending. With the baby boomers retiring in a few years the government is going to have to find money to pay their reirement but also these people need to realise the situation and save money. Sometimes we need to stop relying on what has happened in the past and take responsibility ourselves.

  15. 15 nancy moussa March 8, 2009 at 4:02 PM

    This is a scary topic to even think about. we all have known that this problem was going to come up, and have done nothing about it. All of our baby-boomers are not going to be able to have social security. My generation is going to have to pay off all of their I owe yous. Elderly need an income, if they are not able to go out and work on their own. Their income also needs to be enough to live comfortably. Something in our spending habbits needs to change

  16. 16 Arnulfo Solorio March 10, 2009 at 9:06 AM

    Hi all,
    When is this will stop? Baby boomers may be lucky and still get some help. What about the younger ones? I believe we are borrowing money now and expecting our great grand kids to pay. Should we start saving now and forget about the government’s help? How do we know that other countries are saving more than us? 401k’s are really down no question about it. Who do we blame and what can we do about? Can we make the people pay back for their huge mistakes?

  17. 17 Sandman March 10, 2009 at 5:51 PM

    I believe there’s nothing wrong of giving. It’s just a matter of knowing to spend, save, and give at the right time and place. Basically, we all need to be well balance with our finances. I believe that giving is better than recieving.

  18. 18 Andrew Curry March 11, 2009 at 9:54 PM

    Baby Boomers will start retiring pretty soon and large portions of our paychecks will continue to support them. my poli sci teacher told us that after 2004 every person that pays into social security will recieve less money than they pay in. thi angers me because my return persentage will be a negative number. something must be done, perhabs abolish SS all together and jsut privatize it.

  19. 19 janeth f. March 12, 2009 at 1:27 PM

    Yea one of my high school teachers told us, he’s a baby boomer and our generation is going to be supporting them. I really don’t mind because old people need help and the government can’t just pop money out of nowhere and give it to them. it has to come from somewhere. What makes me sad is that they’re not going to be receiving a lot. My grandma is about 60 years old and she still has to work to earn income. Who wants their grandparents working when their bodies are always tired and weak.

  20. 20 Houck24 March 15, 2009 at 3:22 PM

    I defiantly think that it is important to give to the poor. And as one person said it doesnt have to just been money. I think that we can all agree that a lot of food goes to waste at our respective homes or we have a lot of clothes that havent been worn in years, donating food items or clothes to charities would be a huge help. About Spending, it helps the economy in the short run.

  21. 21 Keith C March 19, 2009 at 10:18 PM

    No, and I believe that it is exactly this attitude that got us into the financial mess that we are in, the attitude of relying on the government for financial means. America was brought up as a nation that valued hard work, not relying on others to pay the bills for you. I completely agree with the Chronicle reader in that less people will be inclined to donate to charities and such with more “help” coming from the government.

  22. 22 Leonardo Sanchez ECON 101 April 29, 2009 at 3:16 PM

    Yes when Social Security was established it was meant for that

    size in that years population but not for our population. Baby

    boomers and the elderly are living longer and longer with this

    tech era and medicines. Since now the government is borring from

    the Federal money where do we see our selves 25 years from now?

  23. 23 Emily Bonzi May 4, 2009 at 3:50 PM

    When the baby boomers start retiring social security will take a hard hit. However, it is the role of the government to take care of the people and should redistribute funds so that the wellbeing of the population is the priority. Funds that are spent on defense and war could be one such place where this money could be found.

  24. 24 Matthew Dimech Econ-101 May 5, 2009 at 9:29 PM

    That seems to be all our problems, spending. Us as Americans do not save what so ever. I’ll even admit it, i don’t save as much as i should. We all bank on our 401ks and our social security. We in a sense use it as a security blanket to reassure ourselves that we will be safe in the long haul. In fact though, we may not be so safe afterall.

  25. 25 phanh May 11, 2009 at 11:22 AM

    when the baby boomers start receive social security will take a hard hit cause we’re going to be the one paying for it so its not going to be no big surprise for us but we cant do anything about it cause one of this day we’ll be have to be like the baby booomer

  26. 26 mrrodenas May 11, 2009 at 4:45 PM

    I do not agree that the reason why we do not save so much is gov’t welfare programs. This country provides very few social programs compared to Canada or European countries, for example. They pay similar or slightly higher taxes and get much more -where does our tax money go?? Gov’t waste and inflated federal salaries would be the first place I would look at!

  27. 27 Andrew May 12, 2009 at 4:40 PM

    I think people should give more to charities. Yes, the govt gives a lot of money to those on welfare, but there are still many people out there who are disabled, or homeless or in bad situations. I think we should try to clean up the situation here in America first if we are to try to help those around the world first. Also, giving to charity is tax-deductible.

  28. 28 Gabriel Mayora May 13, 2009 at 4:10 PM

    I believe that this is a huge reason why Americans do not save as much as other countries. The fact that we have security after we quit working is a sense of security that keep Americans spending. And our money still keeps the baby boomers receiving social security. Hopefully this system will be sustained until our generation reaches that age. As for giving to charity. Peoples morals will always outweigh their money interest of they are the type.

  29. 29 Jerry Ellison May 16, 2009 at 2:38 PM

    I don’t know about the effects of Americas spending when the Baby Boomers retire, but that quote makes me want to punch whoever said it in the face. Thats like one of the disciples saying “Well Jesus is helping all those people so why should I?” Is there a quota on how many people get helped a year? Nothing sickens me more for people who don’t have any sympathy of sense of gratitude for how lucky they are.

  30. 30 Britany Linton May 19, 2009 at 2:02 PM

    Where does the government think they are going to get this money from? We are already in a tremendous amount of debt that is going to take awhile to pay off, where are they getting the money to help the poor and help the old people when they start dying? We do have problems that other countries don’t have but i think its because we care more. We care more about the poor people in other countries than the people in the country with the poor people. I don’t see us having the money to do everything the government is planning.


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