Forbes also published a list of the most desirable places to live with Huntington Woods, MI being #9.  Huntington Woods is literally a couple minute drive from either Warren, MI or Detroit.  The disparity between the communities is very apparent and alarming over such a relatively small geographic area.

Everyone will attend and will continue to take out massive loans to do so.  What other choice do kids have.  Well paying vocational careers are a thing of the past.  College is an absolute must and both the universities and parents know it.  So long as "no child is left behind", we'll all be "college edumacated".

Look at the other side as well.  What mortage company writes 30-year fixed (or interest-free) mortgages for people in there 50s and 60s.  What did they expect?  Grandma and Grandpa were going to be working and making payments into her 80s and 90s.  This was the craziness that a lot of people got caught up in during the...more

I didn't say that I like it, quite the contrary.  I just don't see any other way.  Personal fiscal responsibility has essentially been proven to be not feasible.

The US needs to go back to defined pension plans.  The 401k experiment that was started in the late 70s and early 80s is not working.  Study after study show that people generally have not and do not save enough on their own.  Further, there is no financial educational instruction in schools to show people how to inves...more

@5437 - Totally agree.  Everyone should know, but unfortunately basic financial education is extremely lacking for a LOT of people.  If people can't even iron out this type of stuff, how are we expecting them to save for retirement (IRAs, 401ks, etc.).

Ostrich Generation is a bit harsh.  This basically implies that people are knowingly doing nothing despite evidence that they should.  On the contrary, the majority of people has no idea what to do, if anything.  Most are fairly (if not completely) uneducated in terms of how money works.  You know, the basics such as a...more

Only a fortunate minority of Americans have significant sources of retirement income other than Social Security.   I find this statement offensive.  Substitute "fortunate" with "fiscally responsible", and I'll go along with it.  We plan and save for decades to able to have a successful retirement.  How lucky for u...more