20-somethings in America today on average spend 16 percent more than they make and have run up a household average of $4,538 in credit card debt. That does not paint a pretty financial picture. It seems obvious there is a lack of basic financial knowledge amongst this segment of society. That sets up a scary future for our counterparts, one in which bankrupcy, financial failure, and overwhelming financial stress are commonplace.
That is why I found this article on doing our best, even as young people, to live frugally good. We do our best to keep our own household one that lives and spends responsibly. An article like this serves as a helpful reminder to keep at it.