This ?\ deserves to be said @WXman, thank you for pointing it out.A lot of chatter in here about how people are terrible with their money and should have developed a large nest egg years ago. Y'all must live in an area of the nation where jobs pay a hell of a lot better than they do for most of us. Rarely can a person make enough money to pay all the bills, buy a house, drive a dependable truck, take care of the kids, hit the grocery store for hundreds of dollars in food each month, handle all the misc costs of life, pay insurance, pay for healthcare, AND have enough left over to stash mountains of cash away into a rainy day fund.
In fact, in today's world it's hard to make ends meet for a lot of families when BOTH parents are earning money.
But that's ok, you guys just keep on living your luxury lives looking down on 85% of the population who would cry if they just received one of your paychecks.
But, with it said, this message goes out those doing better financially than this, who may be "renting their lifestyles" a bit too much.
This is a tough pill to swallow. I get it. Please don't shoot the messenger:
Generations before us new of some major calamities. The Great Depression, WW II. These people on the whole learned to save a much larger percentage of their income for rainy days by...wait for it...doing without some luxuries, sometimes necessities.
Sadly society, the internet, and sites like Facebook (and it's not Facebook's fault) have given rise to the "it's all about me," generation who not only don't save, buying materialistic things that have little to no resale or investment value rather than saving, but take out loans (via credit card debt) to further do so.
Clearly--that comment's painted in broad strokes. There are remarkably responsible [young] adults out there too.
For you comes the following message. Financial advisors nearly all concur, if you don't have liquid assets for up to 6 months of living expenses then you probably should prioritize things to build that.
I get it. Life is not certain. We all like nice toys. You can't take the money with you to the other side. And after all the things you're suppose to first fund, from retirement, to life insurance, to disability, it's a wonder there's anything left for food, let alone the occasional vacation or nice vehicle: and we all deserve pleasures now and then.
Maybe those who can, will, once we get through this pandemic, rethink some financial priorities. And for the record, I completely appreciate how the toys we buy for our JLs help feed employees of the firms that make them.