Quote (Ylem122 @ Apr 7 2014 10:13pm)
Are you talking about paying off college loans, home loans, and their children's education when you say spend untill middle age?
Education costs used to be significantly lower (ignoring that cheap in-state and community college options still exist), the boomers can't blame education costs for their debt.
If children are receiving money from their parents for education they aren't saddled with debt, and if the parents aren't paying then, again, it can't be counted as the reason they're failing to save for retirement.
And home loans are expensive, but too many people live in homes that they can't afford, or were you not around for the last housing bubble?
The problem here is that the middle class is financially illiterate and they make poor financial choices that saddle them with debt. This is stupidity, not greed.
This post was edited by bogie160 on Apr 7 2014 10:47pm