When frugality goes too far Many Americans have embraced frugality in recent years, but sometimes money-saving strategies backfire when taken to extremes.
June 11, 2013 - MSN
Mortgage debt catches up with the Netherlands Dutch real estate prices have plunged in recent years, leaving homeowners 'underwater.' Despite the country's reputation for frugality, it has the highest household debt levels in the Eurozone. WEESP, Netherlands — The Dutch dream isn't that different from the American one. Nor is the nightmare that many people have woken up to.
June 9, 2013 - Los Angeles Times
Ken Lewis in Reuters We have a hard-earned reputation for frugality, not extravagance,said Ken Lewis, CEO of Bank of America (BAC.N). "Taxpayers have invested in our company, and they deserve to know what return they are making on their investment and when it...
George Mason in Milwaukee Journal Sentinel George Mason wrote in the Virginia Declaration of Rights that "no free government, nor the blessings of liberty, can be preserved to any people, but by a firm adherence to justice, moderation, temperance, frugality and virtue."