Gloom, Doom, or Boom? Finance and Economics

[monster_gardener]

[Alph]

[Mr. Perfect]

[Colonel Sun]

[Colonel Sun]

[AzariLoveIran]

[monster_gardener]

[AzariLoveIran]

[AzariLoveIran]

[Colonel Sun]

[Demon of Undoing]

[AzariLoveIran]

[Colonel Sun]

[AzariLoveIran]

[Alph]

[Demon of Undoing]

Is processing more consumer goods a real measure of wealth, though, in light of the fact that the 1984 guy could place himself in a much better position for his future then as opposed to now? Admittedly, this questions the question, not the numbers. But the wealth then was more easily put into education or insurance or significant retirement preparation, then as opposed to now. We may have more toys, yes, but less security. In that, it's far less money than it appears.

[noddy]

the difference in real wealth is the earlier generations would not have spent anywhere as much money on "stuff"

"stuff" doesnt protect against economic downtimes, its all disposable and fashionable and typically comes with builtin obselesence at around 3 years, it belongs in the entertainment category with beer and restaurants and movies.

they spent all their money on housing.... which is part of the problem we have today... and another thread.

security is another kettle of angst ridden fish, i personally cant imagine feeling secure in a rented share house with fair weather friends and big week to week money obligations, its not an environment that deals with bad times very well.

this is compounded by the death of low risk savings and the rise of the pernicious meme that this is tied up and wasted money and you should live week to week on credit calculated against your future sense of increased wealth... fine for a large company, diabolical for the simple individual.

[Captain Murphy]

Alph, graduation rates are not up enough to account for the loss in wealth. The average person does not start working at 30, they start at 22 or younger.

[AzariLoveIran]

[Demon of Undoing]

As mentioned, I expect to be late for work on the day I die.

Retirement is for the nobility. Rust never sleeps.

[AzariLoveIran]

[noddy]

[AzariLoveIran]

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[Demon of Undoing]

[Colonel Sun]