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Not Enough Adults
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<blockquote data-quote="rod" data-source="post: 5486402" data-attributes="member: 5382"><p>The trouble is most of them start out their 20's and 30's already swamped in debt from student loans and buying expensive stuff while working crappy low paying jobs-- . The first thing most of the new part time people at UPS do now is buy a new car or pickup and take on a 5 year loan. Boomers for the most part were more frugal (CHEAP if you want to say that). For example, I've had only one car loan in my life (for $600 when I was 18). I made double payments on it and had it paid off in about a half a year. Since then I have bought dozens of new vehicles (cars, pickups and motorcycles) and have paid cash for every one of them. I haven't had a house payment since the early 80's. I will buy another new pickup this spring for cash. All this has been possible because I was brought up to live within my means.</p></blockquote><p></p>
[QUOTE="rod, post: 5486402, member: 5382"] The trouble is most of them start out their 20's and 30's already swamped in debt from student loans and buying expensive stuff while working crappy low paying jobs-- . The first thing most of the new part time people at UPS do now is buy a new car or pickup and take on a 5 year loan. Boomers for the most part were more frugal (CHEAP if you want to say that). For example, I've had only one car loan in my life (for $600 when I was 18). I made double payments on it and had it paid off in about a half a year. Since then I have bought dozens of new vehicles (cars, pickups and motorcycles) and have paid cash for every one of them. I haven't had a house payment since the early 80's. I will buy another new pickup this spring for cash. All this has been possible because I was brought up to live within my means. [/QUOTE]
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