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I think the average person is probably better off than the media and “experts” would have you believe.
The media thrives on news, and covering the small percentage of homes that default, etc. For example, if normally .1% of all homes default in an average year, and now it is .5% – wow! defaults are up 500% – but it doesn’t affect the average person.
Also, the financial industry has an interest in scaring people about retirement.
I’m not saying that all people will have a cushy retirement, but I don’t buy into a lot of the pessimism out there.
There is a reason that billionaires get rich by ignoring conventional wisdom.]]>
Ignorance certainly isn’t bliss, though people make a good attempt at it. On the inside I’m sure these people have a lot of insecurities.
Is it any wonder that poverty and weight and depression tend to be linked?]]>