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post #5 of (permalink) Old 12-05-2017, 08:03 PM
Del
Senior Member
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Join Date: May 2005
Location: seattle
Posts: 15,288
Well, that's one way of looking at it I guess, lol.

Another way of looking at it is that maybe some are spending more money than their life budgets can really allow, ie, living too high a lifestyle. People are living longer now than before, so much more money is needed to maintain their old age lifestyle in a sustainable manner. I've known too many who ended up penniless in a minimum care facility, their minuscule retirement savings, if any, gone long ago.

Our neighbor was always one house payment away from being broke, and he said he didn't understand it. We replied that we noticed that he and his wife always spent everything they had in their collective pockets for stuff like high end cars, above their life income budgets, (and since expensive cars depreciate at a tremendous rate, they were basically dumping their money down the drain).

Del

Seattle

1989 Milano, Shankle Sport
1991 164S, stock
1994 164LS (~Q)
1972 Morgan 27

previously owned since 1964:

62 Morris MiniMinor 850, 67 Austin 1275 Cooper S (Downton 3/4 race), 64 Giulia Sprint GT (1st red one made), 72 Fiat 128 Sedan, 75 Alfetta Sedan, 78 Alfetta Sedan, 78 GTV, 81 GTV6, 86 GTV6

Last edited by Del; 12-05-2017 at 10:46 PM.
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