Reply to The divide gets bigger as you get older...

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[quote=Anonymous][quote=Anonymous][b]I think it simply becomes harder to HIDE [/b]that you haven’t saved or accumulated any money.

The first big shift is couples buying their first home.  Then it’s upgrading to a nicer home.  Later, it’s when you can retire.

I have a number of friends who continue to rent a fancy lifestyle. They may have high earnings but can’t save any or much. Still don’t own a home.  We make less but bought a while ago and have since upgraded.  It is becoming more and move obvious that certain couples haven’t saved any money especially if they can’t even buy a house or apartment.  [/quote]

Totally, totally this.  Not that there aren't excellent reasons to rent a home, especially with it being such a seller's market right now.  But if you didn't catch on to the concept of having *some* kind of nest egg, be it a house or a 401K or whatever, the gap will grow and grow.  Decisions in your 20s and early 30s compound, the bill comes due and it's very hard to catch up.[/quote]

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