Quote:
Originally Posted by Cheese
I'd give my left nut to live long enough to see half of the gen Yers and Xers in the exact spot the Boomers are in...just because ALL of them have it figured out! Lol
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LOL... half of the people that I know that are in their 20's and 30's can't even get a credit card because their credit rating is so screwed up.
And they live from paycheck to pay check, rent, and have all the latest toys. I sincerely doubt that by the time they are old enough to retire they'll be any better off than the current generation of boomers.
There's a lot of Xers and Yers on here who aren't in that situation but their education and income levels also aren't the norm. When you have a lot of disposable income its a lot easier to save for retirement. Most people don't have that ability.