Thank you utcsox. I’ve seen other reports and graphs, but those make it crystal clear–and even more disturbing.
Yes, BG, I agree with you on all of that, and I certainly meant no disrespect, as I am just over 50 also, and realize any of those things could happen to any of us at any time.
I think a lot of younger people may feel the money train they are riding will never dry up, and that’s a very dangerous way to live–as the net worth numbers clearly prove in all age groups.
I can’t tell you how many people we’ve known who made big bucks when they were young, as my wife and I were very blessed to have done, who are now barely making it because they spent it all.
As I mentioned before, the challenge of wealth is trying to maintain it for the duration of your life.
We know we were very fortunate to have acquired the net worth we have, and thank God for that, and we hope others can do the same.
