Tradelite,
I deleted my message, cause I didn't have time to explain it (work), and the tone was clearly negative.
It is my opinion, and experience that many boomers are just as debt laden as the rest of America. They either took home equity loans out, refinanced and cashed out, or traded up to a larger house. I do not have a link or statistics to prove it. I would love to see some concrete info to either prove or disprove my assumptions.
Things like bigger houses, bigger cars, bigger vacations, second homes, college tuition, etc...are all too much for consumption happy AMericans to resist.
By the way, the MND is my favorite book. It sits next to my bed.
Regards,
Jason
PS- brief as possible, cause my day job is busy... |
