conversation: User (RollerRagerMD): "http://online.wsj.com/articles/savings-turn-negative-for-younger-generation-1415572405\n\nI don't have a WSJ subscription, but the key numbers that I can see... US data:\n\n*Adults under age 35 have a savings rate of -2%\n\n*Adults 35 to 44 have a savings rate of 3%\n\n*Adults 45 to 54 have a savings rate of 6%\n\n*Adults over 55 have a savings rate of 13%\n\nI'm curious as to what is behind this trend. The article starts by saying that "young Americans have stopped saving," which to me implies that the savings rate used to be positive for this demographic. \n\nIt's also interesting to note the upward trend in savings rate as you get older. I would reckon this is due to earning more money while expenses become more stable. What do you think?"
  Self: "I think it's bc "things" are getting more expensive naturally over time and income is not rising proportionally. So saving is damn near impossible. A descent car is $30k, 20-30 years ago a descent car was about $20k. Have our wages increased 50%?  Not a chance. I make good money and still find it hard to save. "
  redberyl (redberyl): "Um you can get a very decent new car for 20k, and a decent used one for 10-12k."
  Tainlorr (Tainlorr): "Hell, I bought a NEW car for 14k. I don't know how you're defining "decent" but it seems like a pretty good value to me.  "
  