daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
I think advertising and TV shows have a lot to do with why people are broke. Advertising is a whole science aimed at getting people to spend more and more money. There are no commercials on TV telling people that they should really clean their homes with baking soda, vinegar and reusable rags. No one makes money that way except of course the end consumer, who could put all those savings towards early retirement or financial independence.
On TV shows, people often live outsized lifestyles compared to their incomes. Dates are often at expensive restaurants and night clubs instead of walks at free public parks followed by a picnic.
There are very few ads for people to save money and the ones that exist are usually for rip off investment advisers. There are no TV ads for TIPS and I bonds. At our local bank the teller and supervisors had to huddle and get out their procedure book to figure out how to sell us I bonds. They had never heard of them before.
People watch 30 hours of TV a week. That is a lot of exposure to commercials and unrealistic lifestyle expectations and the message to spend, spend, spend instead of save, save, save.
On TV shows, people often live outsized lifestyles compared to their incomes. Dates are often at expensive restaurants and night clubs instead of walks at free public parks followed by a picnic.
There are very few ads for people to save money and the ones that exist are usually for rip off investment advisers. There are no TV ads for TIPS and I bonds. At our local bank the teller and supervisors had to huddle and get out their procedure book to figure out how to sell us I bonds. They had never heard of them before.
People watch 30 hours of TV a week. That is a lot of exposure to commercials and unrealistic lifestyle expectations and the message to spend, spend, spend instead of save, save, save.
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