Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Preaching to the choir here, but a good read. Too bad Ariana Huffington's POV will get much more exposure than Jacob Fisker's...
» The disapperance of the middle class Early Retirement Extreme: — written by Jacob Lund Fisker, Freelancer. Here's the obligatory quote, but it's better to simply read the whole thing, it's not very long. If only the USA could get this...maybe one day.
» The disapperance of the middle class Early Retirement Extreme: — written by Jacob Lund Fisker, Freelancer. Here's the obligatory quote, but it's better to simply read the whole thing, it's not very long. If only the USA could get this...maybe one day.
When you have two people in similar circumstances with the same options but making different choices [LBYM vs living in debt pursuing "happiness"] and consequently ending up in different places, we should not blame external circumstances. Yet what it seems like now is like the day after the big party. People are hung over and they blame the bartender (the banks). It’s like they completely miss the connection to all the booze (credit) they were drinking the day before. Like the example in this post, people just don't seem to get it.
Maybe people need more financial education? It’s pretty clear to me that anyone who care to self-educate about credit and savings (and it’s not rocket science, you know) would do just fine as a middle class person. If anything, if the middle class is disappearing as the Huffington Post says it is, it’s not because it’s being killed off. It’s because a group living on credit above its means is simply not viable as a “species”. Not in nature, not in sociology, not in economics