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Bay State is 48th in home affordability, earns grade of &quo

 
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PostPosted: Wed Jan 30, 2013 3:18 pm GMT    Post subject: Bay State is 48th in home affordability, earns grade of &quo Reply with quote

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Description: Bay State is 48th in home affordability, earns grade of "F" in housing and homeownership; Many Mass. residents have little saved up
URL: http://www.commonwealthmagazine.org/News-and-Features/Online-exclusives/2013/Win ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3951

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1040EZ
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PostPosted: Wed Jan 30, 2013 5:39 pm GMT    Post subject: Reply with quote

For those who has no money in MA, they won't feel the pinch of their existing saving being eaten up by actual inflation. The truely screwed group these days is the deligent saver for the past few years who play by the rules. Evil or Very Mad
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PostPosted: Wed Jan 30, 2013 6:12 pm GMT    Post subject: Reply with quote

1040EZ wrote:
For those who has no money in MA, they won't feel the pinch of their existing saving being eaten up by actual inflation. The truely screwed group these days is the deligent saver for the past few years who play by the rules. Evil or Very Mad


Yes, the options for savers have been meager for awhile. However, I would take in a heartbeat the "pinch" of slow erosion from inflation over having my world upended in an instant by a job loss or medical emergency. The downsides to lacking savings touched on by the article seem much worse than losing some money to inflation.

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