Originally Posted by
Dark Knight
Blackhawk, interesting comment about our "needs" of today.
I was talking with a buddy of mine and we hit on this too.
60 years ago we didn't have... Internet, cable TV, cell phones, satellite radio, iPods, GPS for our vehicles, xbox live, etc.
What i'm getting at is we have additional expenses today as a result of technology. But yea, i definitely agree with you about more jobs being created today and the higher QOL.
I had a similar thought. If anything hurts our personal financial situations today, it is the availability of easy credit. Combine that with the instant gratification tendencies of today's Americans and you get massive credit card debt. Repayments on this debt take up a large part of many people's disposable income.
And much of this debt results from things that we want, but don't need. Dinners out, movies, computers, ipods, fashionable clothes. This is the stuff that we risk our retirement incomes and homes for.