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 agree with this. The problem isn't really an income problem, it's a spending problem. Consumer culture encourages people to live beyond their means and steal from their future for current consumption.