Quote:
Originally Posted by blankall
There have always been people who are good with money and people who are bad with it. Yes, you see more smart phones now, but a generation ago you had people buying corvettes they couldn't afford. Before that you had people with decade long leases on colour televisions.
The difference is that currently, property prices and living expenses are far higher than wages.
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We also lend absurd amounts of money to morons now in a way we never would have even twenty years ago.
My father (a financial dofus of Homer Simpsons like proportions) would have to crawl on bended knee across the bank managers door while chanting 'verily I am an idiot of the highest order' in order to get a small overdraft.