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Originally Posted by Martian
Not everyone in that age group has the option. I'd love to max out my RRSP contributions, but as I do enjoy eating, I find the actual execution difficult.
Unfortunately I don't have the option of running to mummy, either.
It's not always bad planning. Sometimes it's just bad circumstances.
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Oh, I'm with ya on that Martian... but I live outside D.C. and see all these rich college kids blowing their money on silly stuff with no idea of how to plan for the future. They'll be poor by the time they're 35. My point is that if you have the money... use it for something good instead of buying another Acura.
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As a broke-ass middle class college student who spent two tours in the desert... I feel the pain of sending $5k to a place I won't see for another four decades, but I know that in the long run it'll keep me fat and happy when I lose bladder control and Viagra is chased every morning by a Centrum Silver.
Sadly, the poor will still be poor. Government programs should take care of them, instead of trying to take care of everybody, including the haves who had-it back in the day instead of saving it like they should have.