Quote:
Originally Posted by ErikLS2
Great point. I think it was Rockefeller who said when asked "how much is enough money?"........."just one more dollar".
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Sadly --- somehow that old school way of thinking turned upside-down and became "can I spend just one more dollar".
My parents, and Grandparents, sole goal was to pay off their house -- and pay cash for a car. Mind you, saving for retirement didn't used to be quite so important because companies had PENSIONS and they also had Social Security which I think was larger by virtue of inflation (in other words inflation has eroded buying power and SS had NOT kept up).
Just look at governments around the world... all they do anymore is raise the debt ceiling. There's never any discussion about cutting spending to balance the books. Just spend more. There's no throttle modulation at all.
It would be nice if PEOPLE could do that. Right? Oh honey - we're out of money so we'll just increase our own credit card limit. Never having to pay the money back - just pay the interest only. No worries.