Quote:
Originally Posted by CaptainCrunch
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.
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I think the housing market is reflective of this as well, many people got locked into making payments that are much larger than they can afford. In turn, they can't put any money away. A prime example is a friend of mine who bought the exact same design/specs of townhome that I did, only 2 years prior. He paid $368k, I paid $270k.