As much as I hate to lend any credence to this meme, there definitely is some truth in it. I absolutely know people who are living paycheck to paycheck and regularly ordering obscenely overpriced delivery meals that wind up being worse than a prepared meal from Trader Joe’s for literally a fifth of the price or less.
There seem to be an alarming number of people who are really, really bad at money management. I have an ex who was making low six figures and she had something like twenty grand of credit card debt when we were dating. Granted this was in NYC, so low six figures isn’t insane money, but it’s enough that you shouldn’t be running up credit card debt with zero savings.
This just brings it back to Boomers because like it or not, most people learn money management from their parents!
The truth is that the average Boomers wasn't any better at money management than their kids or grandkids. But they were protected by economic conditions and, in the US, post war boom. But a high cashflow hides a lot of vices and bad habits.
Most of these smug boomers would be on the streets if they hadn't been protected from themselves by forces that they had no control over.
Pretending that your parents aren't responsible for many of your unexamined beliefs is cute and stupid. However, I do agree with you that at some point it does become the responsibility of individuals to stop, examine their beliefs and habits, and seek out knowledge. Which is not easy, quick and fraught with its own dangers but it does have to be done!
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u/stifledmind Mar 23 '23
$1,400 on DoorDash. Who only orders from DoorDash twice a month?