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Many young people have negative net worth because they keep taking out student loans hoping to get a job. Your scenario about the costs and difficulties of mai
by djokkataja 12y ago
Many young people have negative net worth because they keep taking out student loans hoping to get a job.
Your scenario about the costs and difficulties of maintaining a house won't generate any sympathy with young people. There are zero people that I know from my graduating class (2009) who have purchased a house since college.
If you're seriously concerned about having saved enough to retire by the time you reach retirement age, maybe you should keep working. My parents have planned to push their retirement back about a decade for that reason.
- ericd 12y agoMost young people can work and generate an income, many old people cannot. It probably takes a bit of aging/having your skills becoming outmoded to start understanding this at an intuitive level.
- innguest 12y agoMost old people have the power to change the system, many young people cannot. Unfortunately the old lack the young's courage (as they're risk averse) and so are less likely to go against tradition. Money need not be inflationary, and if we solve this problem we end the cycle of the young being overworked for the sake of the old, but the old had rather do it later (the next generation will take care of it, they say).