Comment Re:Building wealth (Score 1) 202
"Besides not having the option of owning a home, which was doable for a lot of people in the post WW2 era, many people don't have any retirement savings except Social Security. And there are also far too many Americans who are a paycheck or two away from homeliness. People are buying groceries on credit, which is insane."
This is mostly not true. The purchase power, even for poor people, has never been higher. Poor people make bad choices in life, that's why they are poor, not for lack of money. E.g., don't have kids until you have a stable housing situation, are established on the job market and/or finished an education. Don't drink alcohol, smoke or eat take away food until you have a couple of months income saved. Start saving money when you live cheaply with your parents. Etc etc.
How many of the people you describe in the quoted paragraph do you think followed these very simple advices?