Dentist
***Official FBG Dentist***
this will be the tough part.When we get some type of sad story about someone being broke is the media going to dig back into their finances to see that when they should have been saving they had a premium cable package and an i-phone that were much better than I allow myself to have?Definitely a great read and a heartbreaking story, but how many of the elderly were truly financially smart with their money?
Also, if I never have enough money to live in America when I retire, I'll just live somewhere in Latin America or the Philippines. Someplace where the exchange rate is good when you're spending US dollars.
Are we going to find out that they did a lot of stupid things with student loans, credit card debt, and moved a lot from house to house?
See that's what is not going to happen. We aren't going to find out if they were smart about their money... only the depressing sad parts of the story.
But will America allow these millions of people that are fiscally terrible with their money to suffer when it really is their own fault?
Nope... they'll get lumped in with the millions of others that may have been ok with money, but they were bad beated by the job crisis or medical bills.
so who's going to pay that? Me... the top 5% er who lived like a bottom halfer so that i could afford my own retirement.
this is going to be serious headlines moving forward.. and it's going to be tough to fight off the temptation to bail the financially irresponsible out.