[dalereed]

“How were people supposed to save in this economic meat grinder?”

Don't ever live on borrowed money.

I grew up in the depression and I was taught to never borrow money except for a 1st home.

I've lived by that for 77 years including running a business without ever borrowing a cent for anything,

If you haven't got the money you don't need it.

In over 40 years in a construction business averaging 25 employees over the years I can't think of more than 4 that had a pot to piss in because they borrowed money to buy things.

[dragnet2]

Yeah, Americans should purchase their homes and cars with cold cash...lol...

I imagine a lot of first time buyers will be in their 60s or 70s, if their health holds up...