Is today more difficult to be financially stable?

@ourlot (993)
July 29, 2016 8:03pm CST
Comparing to 30-40 years ago, are people less stable financially? Do we have more trouble to get a fixed source of income? Or, is it just the case of thinking that in the past everything was better, even the economy?
4 people like this
6 responses
@FourWalls (15277)
• United States
30 Jul 16
I think there are more "issues" today, such as the need for a car (where people in my parents' generation got by without one because everything was in the neighborhood). There's also the issue of inflation, where things simply cost more today than they did. More significantly, I think it's more a problem of easy credit. People get approved for $10,000-limit credit cards without a job! And, at least in the US, we're a very covetous nation: why buy a simple $18,000 Honda when you can buy a $70,000 Lexus to impress the neighbors?
1 person likes this
@Mike197602 (13895)
• United Kingdom
30 Jul 16
It's harder these days. I think even older people would agree with that.
1 person likes this
@JohnRoberts (63251)
• Los Angeles, California
30 Jul 16
Definitely more difficult with employment issues, higher taxes, being charged for every little thing, paying for TV which our parents did not, new tech costs (cells, computer, streaming services) our parents did not have.
@marie42 (982)
• Shreveport, Louisiana
30 Jul 16
Yes I believe its harder now days to be financial stable. The economy right now is ruff and so hard to find stable jobs. When you do, ya better hang onto it!
@Shavkat (65268)
• Philippines
30 Jul 16
Life is simple before compared today. It is most likely possible to be financially stable during the old days.
@zarlamain (24884)
• United States
30 Jul 16
There's been a lot of ups and down in the economy so I can't say it was easier to be more financially stable back then compared to now.