I always find this idiotic rhetoric funny and it always seems to come from someone who has money and never had to face life like some people or was lucky enough to have the skills to make a better life. Life must be so simple for you when you think your insight is the rule for everyone, like some omnipotent God. Life is never as simple as one imagines it in their own head.
Exactly right, and as someone else said in this thread it gets harder and harder to save money in this day and time. And even if isn't a matter of not making enough money our entire lives are bombarded by capital zealotry to spend, spend, spend!
"People are saving at the lowest level since the Great Depression, and that could be a problem for the millions of baby boomers getting ready to retire.
In fact, the Commerce Department reported Thursday that the nation?s personal savings rate for all of 2006 was a negative 1 percent, the worst showing in 73 years.
The negative rate means people are spending all of the money they have left after paying taxes ? and then some. They are dipping into savings or increasing their borrowing to finance current spending."
http://www.msnbc.msn.com/id/16922582/
And another reason why many people can not save enough money is the most obvious and often overlooked. Especially by the other poster I quoted or any other person who makes decent money and has lost touch with reality of being in an actual work force.
In the last 30 years the average mans increase in salary or wage has been far less that the rise of just gasoline prices alone in only ONE SINGLE YEAR. You do the math. Many people make barely any more than the average Joe did back in the 1970's. Since then EVERYTHING ELSE has raised to meet standards of inflation (food, gas, transportation, clothes, entertainment, etc.) as well as cost of living (house/apt, gas, electric, water, etc.).
http://www.kyklosproductions.com/articles/wages.html
To rationalize it with numbers, visual capital growth or inflation for all those areas to say 300% over 30 years. That is all the shit we spend our money on that has raised over time. Now lets look at wage and salary growth over 30 years and it looks more like 10% or less.
My dad has worked at the same plant for over 35 years and he probably only makes $5 more than the salary he started out at.
