Mikeoxenormous
Diamond Member
MSN
I was taught in school all about economics, how to balance a check book, what you could and couldnt do to make money. When my daughter went to high school, they didnt even bring up economics, because we were told, that she would learn it in College. I asked the person "What happens to those people, who dont end up going to college"? I got the proverbial "Deer in the Headlights" look. Many of the Gen X and now Z have no clue how to save a buck, but to spend it like the Jones, on TV's and electronics, and expensive coffee shops, while never even considering a way to increase their wealth. I guess this is what the Marxists have planned and that is to make everyone poor and miserable. That is Socialism at its worst...Numbers don’t lie – and according to a recently released report, Gen X has the largest retirement savings wealth gap when compared to any other generation.
"Cut back on spending and increase savings. That's all they could possibly do," Thru the Cycle President John Lonski said on "Varney & Co." Tuesday. "When are they going to go ahead and make that type of move? It's beyond me. But it might well be that this consumer spending spree that's been around 2022 to 2023 may disappear in 2024."