From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

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Cash Machine - Hard-Fi

JEL: e i     

I scratch a living, it ain't easy
You know it's a drag
I'm always paying, never make it
But you can't look back
I wonder if I'll ever get
To where I want to be
Better believe it
I'm working for the cash machine
Cash machine
Cash machine ...

There's a hole in my pocket, my pocket, my pocket
There's a hole in my pocket, my pocket, my pocket
There's a hole in my pocket, my pocket, my pocket
There's a hole in my pocket
Yeah yeah yeah yeah yeah

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Assignment:

This 2005 modern rock hit examines the circular nature of poverty. Recognize the ending? It is a variation of the well-known children’s song, “There’s a hole in my bucket, Dear Liza.” The ballad is especially poignant since if your money is draining out you can never get ahead! Using the most recent edition of the Statistical Abstract of the United States determine the personal savings rate. Why does a low savings rate matter?

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