Quote:
Originally Posted by mineistaken
So you are saying these people do not understand that when they hit age of 36/39 years old their income would stop?
Well, that would be the definition of stupid if they do not understand that. Or do not "prepare" for that as you put it.
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You can never underestimate the power of ignorance. They cannot grasp the concept of financial stability, saving, budgeting, low risk investing and cannot think beyond tomorrow.