I always find these threads seem to go in a pretty predictable pattern.
You have the regular pissing match between boomers and millennials, the boomer criticizing millennials for frivolous spending, while millennials blame boomers for putting society in this mess in the first place with their consumption.
Then you have the people getting all judgmental and feeling the need lecture the irresponsible spenders by saying how much they've saved, not kept up with the jones', learned financial restraint, don't travel, etc. I guess it's the same rehash of how they've been responsible with their money, but it's not like it's anything new that we haven't heard several times over already.
And then you have the doomsday people thinking we're all going to hell in a handbasket soon once the housing market collapses, and interest rates go back up. But lets be honest, interest rates may creep back up eventually, but they aren't going back up to 5 or 6 percent anytime soon. Not unless the government wants to crash the country's economy.
|