GypsmJim
Member
- Joined
- Oct 16, 2009
- Messages
- 4,079
- Reaction score
- 7,182
I personally have not left any debt for anyone. It was the politicians that did it, many of which I never voted for.The primary issue that the younger folks have, or should have, with we Boomers, is the debt we're leaving them, our grandchildren and probably their grandchildren too. Boomers, and some since, have been profligate borrowers and spenders and I doubt that most of our progeny will look back fondly on that.
I lived in a lower middle class family, and worked full time while attending the University. No debt when I graduated, and I followed a curriculum that had value in the real world.
We waited to get married until we had the down payment for a house (a fixerupper by the way). Then, we waited until we had paid off the mortgage until we started a family. I never bought a car until I could pay cash.
I learned from my parents. They lived in a flat until they paid cash for a little house. My kids learned from us and their Grandparents. My son bought his first house at age 19, after working all thru high school. Today he is an executive making an obscene salary. My other son is a licensed Master Social Worker. Not rich, but serving the community.
I just bought a brand new Cadillac, and have no reason to be embarrassed about it.
All my contemporaries had the same neighborhood, the same parent's values and the same opportunities. Life is what you make of it.