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<blockquote data-quote="bacha29" data-source="post: 3098399" data-attributes="member: 58386"><p>You&#039;re point is well taken but you&#039;re missing an important historical event.You and I lived during a time of historically HIGH interest rates. We came to respect if not fear those interest rates. If you were on the saving side of the equation you did great but if you were on the other side God help you. That interest rate just ate you up. Today with interest rates and savings rates at historic LOWS the younger generation who want it all right now don&#039;t fear the power of compound interest anywhere close to the extent you and I do . As a result they seem quite willing to roll the dice and trade off the need to begin yesterday to save for retirement for the things they want now. If they&#039;re confidant they they will have both the health to work to&nbsp; &quot;full&quot; retirement age of what will likely be age 70 and the job skills to prosper in the economy of 2047 then stop worrying&nbsp; about them.</p></blockquote><p></p>

[QUOTE="bacha29, post: 3098399, member: 58386"] You're point is well taken but you're missing an important historical event.You and I lived during a time of historically HIGH interest rates. We came to respect if not fear those interest rates. If you were on the saving side of the equation you did great but if you were on the other side God help you. That interest rate just ate you up. Today with interest rates and savings rates at historic LOWS the younger generation who want it all right now don't fear the power of compound interest anywhere close to the extent you and I do . As a result they seem quite willing to roll the dice and trade off the need to begin yesterday to save for retirement for the things they want now. If they're confidant they they will have both the health to work to "full" retirement age of what will likely be age 70 and the job skills to prosper in the economy of 2047 then stop worrying about them. [/QUOTE]

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