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Vote: Live Now, or Save Later?

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In Saving More Vs. Living More, our Personal Finance Editor, Dan Kadlec explores the balance between saving and living.

In a recent article in The New York Times economist Laurence J. Kotlikoff stated that Americans are saving much more than they need, even going so far to say "There is a risk in saving too much," and adding, "You could end up squandering your youth rather than your money."

Professor Kadlec, while respecting Kotlikoff's unique vision, offers the view that a century's worth of financial and social safety nets are breaking down and future generations will have to rely on themselves to have enough for the years ahead.

So while this emotional tug-of-war isn't new to us, it's important that we discuss as it's one of those things in life that we can't fully escape and ultimately influences many of the decisions we make each day--especially when it comes to the tape. In the end, it's your money and your life. So we ask:

More to say? Sound off!

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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