Quote:
Originally Posted by FlyingScot
Increasingly over the past 20-30 years our economy has been set up to reward those already wealthy. This has the side effect of hurting those still striving. Just to pick a couple of examples--Taxes on income from the stock market are lower than taxes on salaries. Insanely low interest rates drive the stock market ever higher. Both of these things drive up real estate values. Increasing real estate values hammer those renting and in their early home owning years.
So Mom's working because the family needs a house that's WAY more expensive relative to income than what Grandma and Grandpa had to pay
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Maybe, maybe not. However, the bottom line is one has to work hard to achieve their goals.
Spending constraints, and smart investments go a long way in achieving financial goals.