Sunday, July 5, 2015

Not being able to pay for your kids New York apartment must suck.

It is hard to be rich nowadays:
“Right now, we are all concerned that our kids are not going to have as good a life as we did. We have had a good 30 to 40 years. We have liked the last 30 to 40 years, and we are concerned about the next 30 to 40 years,” Catsimatidis told The Daily Beast. “We have made enough money. You did and I did and the friends we are sitting with did. If our kids need an apartment, we pay for the kid’s apartment. Do you think your kids will be able to do that for their kids?”
I know people who are worried about keeping their own apartment because of the wages they make. We aren't talking saving for their kids future, their own health care or retirement--just living expenses for next weeks roof over their head.  So I can understand how distressing it might be for those who worry about keeping a roof over the heads of their kids--its the 'extra roof' part of the equation that has me baffled.

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