Re: OT: AARP

jmorngstar@xxxxxxx wrote:

Judith, you may be right about their spending habits, although I am not
sure, but you are throwing a stone where a flower should be planted.
This generation cannot save. Their homes are costing them 250K for
starter houses (if not 500K). Their daycare costs could be as much as
$800/month for one child. Many of these kids do not have the support
of their parents because, as they should, their parents are in
retirement and off having a good time, as opposed our generation, where
the whole family helped with the kids. I know these kids have to have
the best and may not know the word "no" but we did it to them and we
cannot blame them for it now. I feel sorry for this generation,
because they cannot afford to save for their kids college education and
their own retirement and put food on the table.


Thank you, Janice. Yes, the economics of the two situations are apples and oranges.

It is ABSOLUTELY TRUE that my generation thinks it has to have the top-priced thing, without sacrifice and struggle to get those things. I don't know how to fix that. I wish I did (that's one of those things that I would picket about if it was a picketable issue).

I only know that keeping a clamp on the keeping-up-with-the-joneses think is a full-time job in itself.
.

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