Reply to Wow! Anyone else listen to the Diane Rehm Show today?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow -- this thread derailed fast.

OP, thanks for sharing. Interesting topic.

We're lucky to have been fairly established financially before all hell broke loose -- bought on the Hill in '96, paid off student loans, banked about $750K.

House has appreciated, obviously, and is nearly paid off, but our savings have stalled completely. Really thought we'd be a lot closer to our "number" than we are.

I have family members who are just starting their adult life and I don't envy them. They will have a much more difficult time achieving financial benchmarks. One can't even find a full time job.[/quote]Us too. That show reminded me that we in the DC area are [i]lucky[/i] the economy is good here for certain professions.  We are doing fine because of the year in which we bought a house (2002) in the location that we bought it (Hill East) and that there are still jobs for us here.  While we work hard, there are plenty of people who work hard elsewhere in the country and they are struggling.  We are doing well more because we are lucky and less because we are virtuous.  Counting my blessings here.[/quote]yep.  the folks graduating school right now are going to have such a tough time compared to my generation (30s, with 10+ years if experience).  that said, unless someone is a multi millionaire with cash savings, it could all disappear with one bad illness or job loss.  what a tenuous existence for all but the super rich - i mourn the loss of the symbolic american dream.

that said, the u.s. is still a land of great opportunity.  [/quote]

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