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Originally Posted by jdubya
Not to drift away from the finance talk but some of these "hoarding" type stories makes me wonder what ages we are talking of. There is definitely an age group that lived through the depression or raised by those who lived through the depression that could easily explain why some folks refuse to give anything up that isnt broken.
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That's basically what it is here, but it's compounded by Agricultural issues.
The depression era scarred the hell out of them as kids and then the '80s ag issues drove a dagger in the next generation. I remember the sheriff knocking on the door to serve papers and the repossessions when I was just a kid. It really seems like each generation has had to live off dirt and whatever they could cobble together at least once in their life in order for the next generation to experience going broke and digging there way out of it again. Those things scar the hell out of people.
On my mom's side they don't have the Ag issues to compound it, but my grandmother still has little toys for my nieces and nephew to play with from the and 70s that my mom and her brothers played with. She grew up dirt poor and then raised her base traveling navy brat kids thinking ketchup sandwiches and hotdog spaghetti was a normal thing. My uncle still eats the damn things.
Her hoarding is cash money and keeping every single thing she does pay money for. She's going to go to her grave very simple and fairly wealthy because of her own life experiences.
I'm sure there have been some studies done on how all of this affects my generation and our willingness to save and invest, or not.