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Can speak for myself, I don't live paycheck to paycheck now but I grew up in a household with a lot less money than I make now in comparison - Involved lot of s

Can speak for myself, I don't live paycheck to paycheck now but I grew up in a household with a lot less money than I make now in comparison - Involved lot of sacrifices and accumulating modest savings over a lifetime to help the next generation to live a bit better and make fewer such sacrifices. > Most people pay $100+/month for cable, eat out multiple times per week, have thousands of credit card debt, and an unexpected $400 bill would ravage them. There's also a cohort that might not earn a lot but is financially responsible, frugal and makes modest gains towards big goals e.g. education for kids, home ownership which can take almost a life time. There's a big spectrum from being poor due to being financially irresponsible and being lucky enough to be in their 20s, debt free and paying off a mortgage instead of rent (with help for college, down payment etc from family to have a healthy head start). Not everyone who doesn't have the means is in such a place because they are lazy or is financially irresponsible. Simply stating that most people are a certain way without evidence is just disingenuous and judgemental, perhaps exposes a bias more than anything.

caseysoftware 5y ago
> Involved lot of sacrifices and accumulating modest savings over a lifetime to help the next generation to live a bit better and make fewer such sacrifices. Congrats. That's awesome and it's what we should strive for. Sacrificing sucks but doing it now so we have to do less of it later (or later generations have to do less) is powerful. Your parents setting that example for you - and you passing it down - is exceptionally valuable too. I grew up in similar financial circumstances without learning those lessons until much much later. > There's also a cohort that might... Yes, there are cohorts in all circumstances. That's why I said "most" and not "all."

caseysoftware 5y ago

> Involved lot of sacrifices and accumulating modest savings over a lifetime to help the next generation to live a bit better and make fewer such sacrifices. Congrats. That's awesome and it's what we should strive for. Sacrificing sucks but doing it now so we have to do less of it later (or later generations have to do less) is powerful. Your parents setting that example for you - and you passing it down - is exceptionally valuable too. I grew up in similar financial circumstances without learning those lessons until much much later. > There's also a cohort that might... Yes, there are cohorts in all circumstances. That's why I said "most" and not "all."