Piggy Bank.

In this modern world how many people really conscious about spending money. You can easily find it through the spending nature of the people. I noticed this in my trip to taiwan, where there is very much less saving and more of spending. Government is encouraging the citizens to spend money but only their money, not by getting personal loans or any kind of loans,That way the money will always in the circulation instead of accumulating in one person. In Our country there are more black money than the white money and people hiding the money which they earn from the government by not paying tax. They simply say that i am hiding the money r saving it for the rainy day when there is a need for it. Not paying tax is not fine, but saving money for the rainy day is good. But as i said earlier in other countries where there is very little savings people are living a very good and happy life.

I am not able to understand which is good - Saving money of the Rainy day or just spending money what you earn?? Can you people out there help me???