Originally Posted by JoshTrent
...has saved only a paltry sum for retirement, has a lot of debt & lives a life of consumerism...
Why do we expect anything different?
Much of our economic activity would grind to a halt without profligate spending for gee-haws and widgets, much of it on credit.
Both the gumment and Madison Ave. promote consumption and living beyond our means.
Financial education is given short shrift, the market
seems rigged, 401k plans are loaded with high-fee, active funds, and financial "advisors" often take advantage of the uninitiated and uninformed by placing them in the aforementioned funds.