[quote=livinincali][quote=paramount]Are we certain future generations are going to pay for this all of this debt?
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No they probably won’t. They’ll probably be more than willing to throw granny under the bus, right after they default on their obligations to China.[/quote]
Actually, you may be right, and I wouldn’t be surprised if either of those things happened. In many ways the younger generations have been thrown under the bus with regard to well-paying jobs, affordable housing, retirement, etc., so turnabout is fair play.
My kids who are all in their late 20’s were lucky, but the great majority of their friends around their age and younger, seem to be fighting an uphill battle on all fronts, and it doesn’t look like it’s going to get better for them any time soon.
On the plus side, as flu and AN mentioned, for those of us who have the funds, the past few years have been a fantastic time to further cash in on some great buying opportunities with regard to real estate, etc. In that way, it’s actually been a great time to accumulate even more wealth that can be passed on to your kids.
