Quote:
Originally Posted by blankall
I think a large part of the problem is the career options available to people this age. Entry level positions simply do not exist like they used to. Roles that would otherwise be available to young people are still occupied by baby boomers.
I am not talking about lazy young people sitting on their ass either. I am talking about people with degrees in teaching, engineering, law, medicine, etc... they are often forced to pick up work sparingly and barely keep afloat.
The same goes for many young people I know who have become firemen, tradesman, etc..
The full time work is simply not available for them.
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Partially right. I also blame the fact that our society has become incredibly consumer and credit based.
I was always told to put 10% of my paycheck away. Sometimes it tough but I do that.
Too many people buy to much stuff, consider credit cards as found money and then can't put money away because their trying to keep on top of their bills both neccessary and un neccessary.
I think there's also a sector that believes they'll be dead long before retirement so why save for it.