Quote:
Originally Posted by FireGilbert
Wages have stagnated, the cost of living is increasing, and interest rates are at historic lows. Can't say I'm surprised people are taking on debt.
Can we please stop with the generational stereotyping? Kids these days are not better or worse at saving than their parents were. The older generations spent more on optional things like music, smokes, and alcohol while the younger generations spend more on the necessities of life such as rent and education. Looking at what wages, house prices, and interest rates were 40 years ago it was easier to save enough to buy a house or have a nest egg.
Oh and you NEED a phone with a data plan to exist in today's society. It's not something you can budget out to save money.
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My wife and I do just fine without a data plan, and I don't even really have a cell phone, but I do have a home phone, so I can see a person choosing to have a cell instead, you can spend $30 a month on that. But no, you don't NEED a data plan. Otherwise I guess I'd be unemployed and dead? You also don't need a brand new phone every 2 years, but most people don't keep them longer than that.