Quote:
Originally Posted by OMG!WTF!
I just want to shake the young people I know. My niece wants a hot tub and will finance all 12k of it. I asked her if she wants to work until the day she dies to pay for it (and all the other crap they buy on credit). Without a doubt the answer is yes. They will work thier crappy jobs forever to pay for the stuff they want to own now probably because it makes the crappy job seem worthwhile.
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That's not just your niece though, its human nature and psychology. People don't want to cut consumption in the present to save for the future. It's a difficult thing to do for most people because they can't really grasp that far flung date say 30 years away.