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Subject:  Re: What we're doing right ... Date:  7/14/2012  9:59 AM
Author:  ziggy29 Number:  70828 of 93634

I have to take some issue with some of the points in this article:

>> If you put off buying a $25,000 car, that means you've saved roughly $550 a month in car payments (assuming you'd pay off the loan in four years); and probably another $50 a month on insurance. That's $600 in monthly savings for 24 months. You've just made yourself $14,000 richer and far better able to afford that new car when you do decide to buy. <<

Largely true but it ignores other factors. What if the new car is more fuel efficient? And an "old clunker" is likely to require significantly higher maintenance costs. Sure, these don't come close to offsetting all of a $600 monthly savings, but does take some of it.

>>Talk to any group of working seniors and you're likely to find that a good portion of the group is simply too vibrant to consider joining the rocking chair set. <<

This to me is just offensive and it perpetuates the old stereotypes that being retired has to mean sitting on your butt and doing nothing all day, and that only WORK can avoid that and keep you physically, socially and mentally stimulated.

>>The latest data shows that Americans are attending college in record numbers, with nearly 40 percent of the population of 18- to 24-year-olds opting for higher education .... Meanwhile, getting that college degree is likely to boost your lifetime earnings by some $650,000, according to research by the Pew Research Center. <<

But the more we send folks to college, the less that advantage becomes... AND the more it costs. I don't think we can count on this being the golden ticket it was considered in the past; just ask someone $100,000 in student loan debt and waiting tables at Denny's because there have been no jobs for years.

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