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So I guess it’s not just my generation that had an entitlement mentality and spent way too much. Regardless, I don’t know that many baby boomers who don’ at least have a bunch of equity. Then what jobs are worth decent pay? All the factory jobs are gone, a thing of the past. Wages have...

I’m not sure what you’re getting at. I’m not comparing stocks to real estate. A simple buy and hold approach in both markets have proven extremely beneficial over the past 30 years. This type of investing required no skill or hard work whatsoever. What I’m getting at is a lot of the...

Thank you for the kind thoughts. You guys have certainly showed much more understanding than others here. I don’t want sympathy though. Yes I am very discouraged. I feel like I’ve tried everything and have lost at it all. I don’t blame anybody, but it is very difficult because literally...

When I first went to the local community college a few years ago, I filled out all of the typical financial aid forms. I live with my parents but I was pretty much alone for the tuition. They said I didn’t qualify for anything but the “Board of Directors” scholarship. I thought I was all...

You seem mad at the world. Well the baby boomers benefitted for years from inflation, so I have no problem with their portfolio’s being cut in half. Buying the Dow 30 years ago at 500 and buying a house for 30k that is now worth 500k, doesn’t make you an investing genius or hard working...

I list a bunch of items all at once, get the emails when they sell, print the postage labels, throw the item in a box, and drop it at the post office. Probably not as easy as it sounds, but it was pretty nice. What is so bad about that? The goal is to get something that I can make money at...

I never said people should have a free ride to“get ahead” I am saying for my generation it is much more difficult to get ahead than the last. Why do we play the blame game so much instead of coming up with solutions to fix the problem? Our job markets are eroding. How can we bring back good...

Thank you. I sold a lot on eBay and enjoyed that very much. I don’t have anything to sell right now. It’s very difficult to find good stuff. Eventually something will work out, but in the meantime it just keeps getting harder and harder to stay afloat.

I still don’t see your point. This thread is about people not saving. I thought one of the ways to save is to work a lot. So what if people watch a lot of tv if they’re working a lot. I can’t wait to see how Jack Bauer saves the world next.

I guess you’re getting at a bigger point, but everybody knows accounts are only insured up to 100k and now I guess it’s 250. You should divide all the money between several banks. I think the odds are much greater that your savings is eroded through inflation, rather than a bank failure...

Well I definitely think that you raise some very good points. Thank you for pointing out specific topics rather than the typical barage of useless comments I seem to get around here. I think you have some valid points. I don’t think that we really need to focus on politics here. The left may...

On another ET thread, I offered the idea that perhaps people keep going into debt because the cost of living keeps going up and up and wages keep staying flat or dopping. I was heavily critisized and told to work harder and get a better job. Presumably I and others are supposed to get better...

I have mentioned this and other things like this on ET a little. When I suggested that somebody who works 40+ hours a week should be able to afford a decent standard of living, I was called a Socialist. When I mention how the cost of living keeps going up, and wages are continually stagnant I am...

Exactly!

You want to know why you probably don’t have to keep up with the Jones’? Because you are the Jones’.

Your attitude is very typical of a baby boomer. While some in my generation may have an entitlement mentality, I contend that your generation didn’t need one because you were already given the things that we (not me necessarily) think we’re owed. NEWS FLASH!! All of you baby boomers...

I live in Maryland outside DC in the supposedly the 12th richest county in the country. Nobody I know seems to be doing all that well right now. That’s great if you guys are saving righ now. Now is the time to do that. I wish I had $10 million right now. I’d be buying everything in...

http://www.en.wikipedia.org/wiki/File:Yearly_working_time.jpg Sorry to burst your bubble, but the facts don’t support your argument. Fact is that even though Americans watch so much t.v. they work some of the longest hours out of any country.

Well most people (probably most of them over 40) will probably say it’s because Americans lead extravagant lifestyles, which may be true for some, but not most, in my opinion. But ask yourself, how much can you save when you’re making $10 an hour and health insurance is hundreds a month...