Quote:
Originally Posted by cscmc1
Then, when we all retire, those who pissed away their money will be penniless, and the pols will tell us that our retirees are among the poorest in the world, and we simply MUST do something to improve their quality of life. If my investments have amounted to anything, I'm sure I'll be told that it's time to pay my "fair share" to help those poor souls out.
It irks me to no end that I'll end up paying for someone's poor choices while I drive nothing but used cars and have exactly one debt (my house payment) in order to prepare for the future.
Human nature indeed; the ugly truth.
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All true. I will never, ever buy a new vehicle of ANY kind again.
The vast majority of Americans are demonstrating clueless financial behavior - wandering through their working years mired in red ink (debt,) many upside-down financially speaking - with no plan for their financial future. 52% of Americans have less than $5,000.00 in total savings, including their IRAs.
The statistics are indeed scary, when taken into account.