Really very surprising that such a long piece doens't seem to mention once that the current crop of older Americans are teh first generation to live largely on credit, lived in houses 3x larger than previous generations, purchased 10x more new cars than previous generations, and have spending habits that far outstrip anything their progenitors would ever have considered.
Yes, healthcare costs a lot, and social security pays very little. To previous generations, such knowledge would have been motivation to spend less and save more...
Yes, healthcare costs a lot, and social security pays very little. To previous generations, such knowledge would have been motivation to spend less and save more...