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> Why did Boomers not have enough income to put savings aside? Many of them did have enough income to put aside, but chose not to. My father is one of them.
by duderific 11y ago
> Why did Boomers not have enough income to put savings aside?
Many of them did have enough income to put aside, but chose not to. My father is one of them. He was making 6 figures back in the 1980's when that was a lot of dough, yet he finds himself at 74 still having to work and living essentially paycheck to paycheck. I'm pretty sure he is not the only one like this.
- 6stringmerc 11y agoFrom the article, it sounds like the lady definitely had means at one point in time - at least enough to rack up some serious CC debt: >She owes $50,000 on her credit cards.
- rconti 11y agoAlso from the article "having never done much long-term financial planning"