Are We Better Off Than Our Parents?
I found it amusingly interesting to read front page newspaper articles claiming how better off we are compared to a generation ago and then read another front page newspaper article a few days later stating how our federal government is in debt or how much us, as Americans, are in debt!
Granted, we have considerably more material wealth in the amount of things, luxuries, tech gadgets and fancier automobiles and homes than generations before us. But the source of all that material wealth not because we are better off financially but because of among other things, innovation, technological advances, cheap products from Asia, and debt accumulation.
Tags: accumulation, dollars, income, inflation, saving money