Quote:
Originally posted by legion
The politicians would have us believe that wealth is highly correlated with "class". Turns out the correlation is with age.
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I don't believe either, class or age....It's the individual. My daughter, age 37, for example, refuses to save and invest...spending her very good salary on things like jewelry, cruises, a new car every few years, etc. She believes that her RN retirement bennies and social security will keep her in her current lifestyle. She may be in for a shock. Saving and investing takes discipline, understanding your investment plan, etc. Many feel this is too much work.
So, it's not that the young, especially the young with degrees are being magically left behind. It's their own "gotta have it all NOW"
attitude that is leaving them behind. In order to "have it now", they usually only ask "how much per month?"
No politician can fix that. No nation in history has taxed and regulated itself into prosperity. Nobody learns proper money management unless they want to.
Neither Cindy or I have a degree. We just worked hard, saved, self educated ourselves in matters financial. Early on, we both had developed a hatred for debt. This mutual hatred was developed long before we met.
Some, not all, younger people today don't seem to worry about personal debt.
Let the good times roll...
