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re: Am I poor?
Posted on 9/18/26 at 1:26 pm to Traveler
Posted on 9/18/26 at 1:26 pm to Traveler
quote:
When you are retired and enjoying life those people will still be getting up in the morning and going to a job they hate with little or no hope of getting out of endless debt.
Congrats on not being one of them.
Nah. When he’s retired the government will have confiscated his “wealth” and he’ll be getting the same stipend from Big Brother that the profligates will be getting. Thank you for your service.
Posted on 9/18/26 at 1:37 pm to boogiewoogie1978
quote:
What am I missing?
The cumulative wealth effect
The parents of boomers working during the depression were just trying to survive and in most cases didn't have much to leave in their estates, maybe some land.
Now as boomers start to die off, more of them are leaving large inheritances to their heirs. The land they inherited from their parents increased exponentially in value during their lifetime.
That, and the impact of two income households.
This post was edited on 9/18/26 at 1:40 pm
Posted on 9/18/26 at 1:41 pm to boogiewoogie1978
quote:
buying 600k-850k homes like they are nothing. Driving brand new 100k cars and eating out every night.
Had some good friends who did this, every conversation with them was money money money..
The husband lost his job and within six months the entire house of cards had tumbled.
They sold their house, divorced and he now lives in a trailer.
Posted on 9/18/26 at 2:01 pm to boogiewoogie1978
Apparently money..
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