re: Americans Are Still Spending Like There’s No Tomorrow

I agree but I’m not sure that’s the way it’s tabulated.

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Fears about a changing climate are driving some people to try to see places before they’re gone. In a monthly Deloitte survey of 19,000 global consumers, climate change was the only topic among 19 different concerns that respondents reported feeling significantly more worried about over the past year. My fellow Americans are dumb.

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Yeah. I think this is bull crap. That’s like the lowest thing people are worried about when they do polling for elections. They try to fit that crap in every chance they get.

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Woodstock was in the late 60’s when most of the boomers were still too young to go.

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You're right, nobody associates Woodstock or that music with Baby Boomers.

My wife and I didn't save enough when we were younger. We were young, not making much money yet, raising young kids and just trying to keep our heads above water.

I crunched the numbers at some point and realized we weren't doing enough and spent years playing catch up.

Luckily, by that time we weren't paying for things like daycare and were making enough money to start saving a lot more. We'll never retire in our 50s or anything but we should be good to go around a fairly normal retirement age like 62-65.

Lots of great responses in this thread.

I also would say that as we know, society has become increasingly impatient over the last 25 years with the advent of technology. Everyone wants everything NOW.

And long term investing is a grind, even for those who are dedicated to it. I max my 401k, as well as toss a massive chunk into my brokerage account each month. And nothing sucks worse than knowing your money is at risk as the market goes up, down and sideways. And every month I get tempted to say screw it and live for now. But I don’t. I’m playing the long game. Most people likely do not have that patience. And who knows, maybe I’m the dumbass?

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society has become increasingly impatient over the last 25 years with the advent of technology.

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I can agree with this. People are trying to keep up with the Jones’ as well as the latest and greatest technology. Do you absolutely need the latest iPhone right now? Do we really need every streaming service?

People also make excuses to buy new things. A guy at work had a truck that had transmission problems. The truck was paid for. He paid to repair it, then sold it before it started costing him too much money, and bought a brand new Jeep. I guess he thought his transmission was going to go out twice a year every year for now on.

There’s also a difference between purchasing a quality product and purchasing a “PREMIUM” product. 30 years ago, you show up at the hunting camp with a $500 ice chest and everyone would have laughed your arse out of there. Bass boats that nearly cost as much as a starter house. The old men in my hunting club have all passed away now. Many of them owned 1 shotgun, and some of them owned a rifle too. And that’s what they used nearly their entire hunting careers. Our generation (I might be a bit guilty here) keeps buying more and more guns searching for “perfection”.

We live in a disposable society today, and that’s how we like it. The pace of change in the world has us searching for something else. My (random possession) broke. Can it be fixed? Sure, but I really want this new thing instead. It’s no wonder marriages don’t last these days.

CC debt is the worst

Hell yeah, scared money don’t make money!!!!

Baby Billy’s bible bonkers!!!

ETA: misread previous post