Our parents’ generation, primarily Boomers and Gen X, grew up in a completely different economic world. For instance, they had access to pensions, affordable education, and a housing market that wasn’t outrageously out of reach. While they gave us advice based on their reality, that world no longer exists.
They weren’t trying to mislead us; in fact, they were sharing what worked for them. However, many of the financial “truths” they passed down are now outdated and, in some cases, dangerous. It’s time to face the harsh never told us, because clinging to their old rules is costing us dearly.
