It's so sad to me that the media continues to profile a few idiots like this who are really not representative of most Californians.
We're in our 40's, and everyone we know is fiscally responsible. We are people who have our houses paid off, and have planned and saved for many years to provide for a sound retirement. We understand the meaning of the word reality.
Many Californians are transplants and they are great, responsible people, but for some reason, many of the real flakes I've seen in recent years, came to California from other places in search of "the dream," and have lived far beyond their means. Perhaps it's time for them to leave.
Americans suck at savings. That's no joke. It's not a native ca/ non-native CA thing. You go to the east coast, west coast, south, etc, it's the same thing over and over again. Statistics in CC debt don't lie..
You in your 40ies being financially response really in the minorities frankly. And if you compare people in my age group (30ies), you'll find even less financially responsible people. Though my immediate friends and family only have "good debt", so many times other constituents around me (co-workers, peers etc) have regularly hit me to borrow $100 a week or two, talk about how great deals their getting on credit card rates by transferring balances, how they don't contribute to a 401k,and on and on).
