Jalapenos and More wrote:
Boilermaker Rick wrote:
Take a look at the statistics on the amount of people who are in credit card debt. It makes no sense to buy stock when you are paying 10-30% interest on your latest Justin Bieber concert tickets. Most people don't invest for the future any more and simply worry about today. It's no surprise that the rich people are more likely to be invested in the stock market.
No doubt that there are a lot of people who are woefully uneducated in the area of personal finances, but the narrowing of the middle class population has many more factors than Bieber enthusiasts and their overspending ilk.
We are a very spoiled society. Growing up in a small 3 bedroom house with 1 or 2 cars was enough to satisfy most people a generation or 2 ago. People wanted to save money years ago. Not today. Everyone now wants to look like they're a big deal, buying houses & cars that they cant afford. Many people have pulled all of the equity out of their homes to keep up with the joneses. Youngsters buy custom wheels that cost 5 times as much as they payed for their car. People buy ridiculous flashy clothes to give the appearance that they are all that when in reality they arent anything. These are the people who complain that they aren't getting theirs & that they are always getting screwed, No you dumbasses, your doing it to yourself! People are careless, wreckless & foolish with their money. Shame on them.
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