Thank you for the article about wealth gaps. There are myriads of reasons why there is such a gap. I know for my family it has always been debt and the lack of savings. I am 62 years old and I'm just now learning about investments. I didn't grow up with any financial knowledge, only poverty brought on by my dad's alcoholism. Much of what I have learned in the past several years has been through hardship. My husband is disabled and retired, on a fixed income. I am retired from teaching, but not receiving my tiny pension yet. I rolled it over into an IRA so it will grow. I work part time. We are scraping by on what we make. This has been going on for many years. Our children are grown and doing well on their own, for which we are glad. But I don't have much hope for accumulated wealth for our family. Our son has two baby girls and I am unhappy that have nothing to pass on to them so they can get a good start in life. My start was debt and very little has changed over the years. I owe over 100,000 in school debt, the only debt we have. I am also a writer, trying to make a dent in this newsletter business. I have no illusions of wealth, not at this late stage of my life.
Thank you for the article about wealth gaps. There are myriads of reasons why there is such a gap. I know for my family it has always been debt and the lack of savings. I am 62 years old and I'm just now learning about investments. I didn't grow up with any financial knowledge, only poverty brought on by my dad's alcoholism. Much of what I have learned in the past several years has been through hardship. My husband is disabled and retired, on a fixed income. I am retired from teaching, but not receiving my tiny pension yet. I rolled it over into an IRA so it will grow. I work part time. We are scraping by on what we make. This has been going on for many years. Our children are grown and doing well on their own, for which we are glad. But I don't have much hope for accumulated wealth for our family. Our son has two baby girls and I am unhappy that have nothing to pass on to them so they can get a good start in life. My start was debt and very little has changed over the years. I owe over 100,000 in school debt, the only debt we have. I am also a writer, trying to make a dent in this newsletter business. I have no illusions of wealth, not at this late stage of my life.
I feel bad for you. Something should be done to help you out. All I can do is add you to my prayers right now.