Thank you for sharing!

Your article was successfully shared with the contacts you provided.

I am concerned, of course. It is a terrible situation that the country’s gotten itself into. My family didn’t buy things on credit the way people do today. Most people in my generation had a mortgage, maybe, but that was about it. And we worked hard to pay that off. And when we finally did, we had a mortgage-burning party to celebrate that we were no longer in hock to someone else. It was considered rather shameful to buy things on credit, shady almost. But times sure have changed, haven’t they? – Charlie, 83, Ashland, Maine

Dig Deeper


Join ThinkAdvisor

Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!

  • Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
  • Exclusive discounts on ALM and ThinkAdvisor events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join ThinkAdvisor

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.