I know a 60yo male who is thrilled with the student loan gift. Rather than paying off his student loans, he chooses to fly first class, own the latest and greatest iPhones, iPad Pro, iMac, and shop at Fresh Market. He filed bankruptcy a while back. Today he lives rent-free, with his elderly widowed mother. She cooks his meals. Did I mention he is a dyed-in-the-wool liberal?
“Did I mention he is a dyed-in-the-wool liberal?”
No you didn’t, ... but one could have made an educated guess and been right. My mponey is on the bet that the grifter with a degree probably did not get an engineering degree either.
“Today he lives rent-free, with his elderly widowed mother. “
When I was a young, I would have died rather than move back in with my parents. As a result of this fear, the first new car I owned was in 2010, bought when I was 56. For my entire life I bought or was gifted the families’ twenty-year-old cars that were not wanted by the dealerships. I kept them going with every weekend maintenance. I always lived well below my means. Then, during the 2008 real estate madness, I sold my house for enough extra to pay cash for a dilapidated doublewide on acreage in the woods. For the first time I was truly happy with where I was and debt free.
Everyone I knew considered it a huge step down. I considered it a huge step up. And the neighbor lady would bring over possum or coyote chili that tasted of whatever brand cigarette was currently cheapest at the local Jiffy Mart. Paradise. Oh, did I mention it was on Lake Talquin?
The trick to the chili was to never ask what it was made from.
Complete with gray ponytail and wearing non-leather sandals, I'd bet. Living 15 miles east of Beserkeley, I see his type all the time, sorry to say.