Ramit Sethi

Yeah.

Even generations.

Their grandma may have said something that their mom repeated 25,000 times and then they grew up.

So they have millions sometimes or just more than they need.

they don't, they can't internalize that.

So I think, Ed, it is a serious problem.

I do think overspending is a humongous problem in America in general, but underspending is under-discussed.

Yes, and I think that there is one large cause, which is housing.

Housing, everything in America is downstream of housing because, as we know in America, the number one religion is home ownership.

I'm not going to get into my whole thing about is that right or wrong, but I want to say this.

The housing prices are historically high.

It certainly doesn't help to have a bunch of boomers out here saying, when I was young, we had a 17% interest.

Yeah, your house cost 50 grand.

If you run the math, it's historically expensive, and wages simply have not kept up with housing.

People are mad.

Although they don't understand the direct connections between things like Prop 13 and California housing prices, they know something is wrong.

It shouldn't be this hard to not only buy a house, but even rent a house.

It is difficult, near impossible.

In the neighborhoods that I live in, it looks like a geriatric facility because young people can't afford it.

It's crazy.