Quote:
Originally Posted by Bonded
Also, i think wealthier people are now more frugal then in the past because of the two big crashes that have occured fairly close in time
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When the first recession hit, I did my best to single-handedly spend my way out of it for us as a nation. A couple different life events reminding me we can't take it with us and a couple other factors led to buying a house worth 3 times what I moved out of and a car worth double anything I'd ever had before. A year ago I figured I'd done it, things were looking up for us, and I'd better start actually putting some money away as I knew that keeping a job from 2008-now was actually pretty lucky, and making house/car purchases assuming you'll never make less than you do now is not a wise move.
What do you know, I start saving, boom, recession part 2.
Sorry guys.