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The Thrift Paradox
By Dickson C. Igwe
There are two types of player in the market economy: the producer and the consumer. Producers and consumers can be further described as savers and spenders; and lenders and borrowers. This is an important dichotomy of the marketplace.
48% of VI residents not saving for a rainy day - FSC report
ROAD TOWN, Tortola, VI – Compared to managing, saving and using their money, fewer numbers of Virgin Islands’ residents are planning for the future or saving for a rainy day, disclosed Elise Donovan coordinator of the Financial Literacy Survey Report 2011 which was conducted by the Financial Services Commission (FSC).
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