A recent study showed that nearly half of Americans are financially illiterate. That number shoots to well beyond half when you talk about millennials specifically. I didn’t declare this to be the case. A representative sample’s inability to accurately answer basic finance math questions did.

To die a multi-millionaire. Not retire a multi-millionaire. 60 years of investing assuming the person lives to 80.

It takes $200/month invested into a plain old index fund from age 20 assuming a relatively conservative 7% return to die a multi-millionaire. Two. Hundred. Dollars.

Most Americans have retirement accounts. It’s not a bold statement.

The majority of Americans also believe homeownership is an investment.

Convincing yourself that contributing a few grand, maybe, into a pool that’s supposed to cover a four trillion dollar bill is a “fair share” is some true gold medal level mental gymnastics. To go from there to insisting that the people that actually finance all this stuff aren’t paying their “fair share” is to…

Take any household run by two educated, financially literate/disciplined, professionals and a 1% net worth (10M) isn’t a tall order.

If college isn’t worth ~30k to the individual attending then it damn sure isn’t worth someone else’s tax dollars. If their college selection isn’t worth the economy car they drive then they had no business in college. If our special someone isn’t mature enough to figure that out at 17-18 that’s probably an indicator…

The “savings account” argument is pretty weak because early in the amortization schedule (Most American home owners never make it beyond the early years of the amortization schedule mind you.) you’re essentially spending three dollars for every one you “invest”. That doesn’t even include taxes, insurance, and maintenan…

If it’s hard to imagine buying a phone with a $1000 price tag outright maybe it’s because our hypothetical person can’t afford a phone with a $1000 price tag? Breaking it into 24 installments, even at zero percent interest, doesn’t change the baseline fact that our hypothetical person here clearly cannot afford the…

Lost me at “It seemed like a cool place to work.”

Right because the data totally shows that there are millions and millions of young Americans with “crushing” student or medical debt preventing them from being into cars...

Let’s be real.

Did I say that?

Some of us wouldn’t vote for handing someone a screwing we wouldn’t be happy to receive ourselves. Principles I think they’re called...

Yeah no...

Does Warren think middle class people don’t have brokerage accounts?

Her plan gives employers incentive to fire a whole lot of employees and bring them right back on as 1099 contractors because her healthcare tax for employers is a function of employee headcount. No employees? No healthcare tax liability.

No one gives a damn about the middle class’ collective finances. Let’s be very clear about that. “Bbbbut the middle class” is just a political club. Same as “bbbut the children”. People are voting for their own household finances. The burden for Sanders/Warren is providing numbers that allow a household to confirm…

I realize that you probably think that was a clever burn but if you think ideological consistency is “GOPlogic” or anything other than how rational adults operate maybe you should re-evaluate your life.