This comment is nothing new but – don’t these people think to save their money? It’s great that they’ve done well in the boom years – but who cares if they end up with nothing to show for it?
I strongly believe kids should be taught about personal finance in school. People will still do stupid things, but at least they will have some underlying knowledge of the basics of financial responsibility.
By the way, some of the best advice my dad has given me was not to buy too nice of a car too quickly – that it’s a lot easier to move up than to move down.
