Spenders Get the Gold Mine, Savers Got the Shaft

September 10, 2008 by  
Filed under Money and Behavior, Spending

Some of you may be old enough to remember Jerry Reed of “Smoky and the Bandit” cinematic fame.  Sadly, Jerry died recently, leaving a musical legacy that includes his 1982 classic “She Got the Gold Mine, I Got the Shaft.”   OK, maybe it wasn’t a true classic but it was funny.

I’ve been thinking of that song recently, as our government continues to confirm that when it comes to acts of responsible money behavior by some American consumers – the “savers” – no good deed goes unpunished. Read more