Quote:
Originally Posted by mikewoodbooks
People like those on savingadvice who have learned to 'just say no' are in the minority.
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This is unfortunate, but true, and worthwhile to point out. Someone stumbling upon this site seeing lots of people who strive to be responsible with their money might think they are the strange ones. In fact, it is we who are the strange ones in our society.
How often do we hear the stats? 70% of Americans live paycheck to paycheck. The average household credit card debt is about $9,000. One in eleven homes is in foreclosure. The national savings rate is a negative number. Most baby boomers are not adequately preparing for retirement. The news goes on and on.
So yes, those of us maxing out our Roths and 401ks, contributing to 529 plans, paying our CC charges in full each month and otherwise living below our means are the exception rather than the rule... but we're working here to change that.
__________________
Steve
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