ILP & kaunas obviously you've missed the point as now where talking about pocket money and some are picking on lazy youth, easy targets as they dont usually frequent here ILP I think you answered your own question
There is numerous topics on this thread sadly its reverting back to one line sentences, how tough it was when i was a kid in my my scratchy hessian potatoe sack shirt,covered in drippings from last months roast
"is money redundant" NO
"Is credit the only form of currency" Yes if you want to buy an overpriced asset from a baby boomer,
Here is an example to make it more simple a boomer i know purchased his house for $50,000 his wage at the time $30,000, (25 years ago) (less than 2x salary)currently on the market for 1.2 million a 2300% increase a gen x friend purchased a house 2 years ago $360,000 nothing fancy old needs work priced at the lower end of market his wage $60,000 (6 x salary) so expecting same returns 8.64 million in 25 years. Let's hope for future generations this is not the case
