Reply to Why do people think Boomers had it so good?

Forum Index » Money and Finances

Reply to "Why do people think Boomers had it so good?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the difference between me and my peers and our boomer parents is that they are just far more frugal than we are. My parents saved and scrimped and said "no" a lot. I will fully admit that I spend so much more, and my kids have so much more than I did at their ages. A lot of this is about spending vs saving. We could all do better.[/quote]

BINGO!!

My parents also scrimped and saved and said "no" majority of time to anything that was not a need.  
Heck, I was in college before they got a Color TV (I'm early 50s now) and didn't have cable/streaming until they were in their 60s.  
Dining out when I was in MS/HS was Pizza or a trip to "Golden Corral" (entire family eats for $5-6 each person)

SO while it's not all about saving vs spending, you have to admit most people have a significantly longer list of "needs" now than our parents did.

[/quote]

I think it obviously varies a lot. My in-laws are MC BIG spenders: dinners out several times a week always, restaurants, drinks, many many clothes, three TVs.  These types of boomers are not doing well financially. They're the first in line for pricey phone upgrades, still pay for expensive cable. In my mind boomers do not equate good financial sense or frugality at all. If anything they are a model of how not to be.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics