Originally Posted by dmppdx
Very few people in their 20s, particularly early 20s, can easily own a 70k car. Some people on this board do it because they live with their parent, or live in a dump apartment or something and aren't saving a dime of money. But you are right, many in this country are in the live for the moment lifestyle and aren't fiscally responsible.
I am one of those 20 something people. I'm 23, have my own 2 bedroom house in a very nice neighborhood, and have been contributing the max to my IRA since I was 18 years old. So I guess the above quote is a standard for others, or I guess I am out of the norm.