[Cowperson]

Originally Posted by flamesfever

From what I have witnessed, the average person in the 20 to 40 year age group tends to get sucked into the idea that he or she has to have all the toys e.g. expensive cars or trucks, motorcycles, quads, snowmobiles, boats and motors, etc. These are all depreciating assets, that become worthless with time, and continually take away the ability to generate savings...in years when it counts most.

Anything that you can invest in, that appreciates with time, will help you create assets, which when sold will generate money to live on when you retire, eg. your house, cottage, land, various investments in stocks, bonds, etc.

This seems to be about legislating against human nature, the penchant of the common man to live in the moment instead of looking to the future consequences of those actions.

Forcing people to save would have societal benefits in the long term but they'd kick and scream about it the whole way.

Cowperson