Rob Carrick did an interesting analysis of how difficult it is for young adults today versus what it was like in 1984 when he was young. I think the most important factors are current tuition costs and the difficulty of finding work today. It’s easy to find something where you’re called in for a couple of 4-hour shifts per week, but it can be difficult to stitch together 30 or more hours of work per week. Young people today don’t do themselves any favours by hemorrhaging money on snacks, sugary drinks, and junk food, but on the whole I’d say they have it tougher now than it was in 1984.
Robert McLister has some important information for anyone considering buying a home with only 5% down.
Larry Swedroe explains how public sector defined-benefit pension plans put taxpayers in the investment guarantee business. Don’t be fooled into thinking this is just an American problem. The U.S. has bigger problems, but Canadian taxpayers are in the investment guarantee business as well.
The Wall Street Journal says that Americans are warming up to the idea of renting a home. It’s ironic that this should happen while housing prices are so low in much of the U.S. It’s Canadians who should be looking at renting because of high house prices, but we’re obsessed with home ownership. Hat tip to Rob Carrick for pointing me to this one.
Million Dollar Journey shows how he got nearly half off the best available Expedia price on a car rental.
Big Cajun Man is no fan of the credit card cheques mailed to him every month.
Larry MacDonald says that the Canadian health care system needs reform.
Retire Happy Blog has some good reasons why you should formalize the loans you make to your children even if you love and trust them.
Where Does All My Money Go? says that the cost of smoking is equivalent to blowing up multiple Porsches. But can you really put a price on doing something that your parents don’t want you to do? By the time you’re too old to worry about defying your parents, you’re hooked.