If you're 65 and have no savings or income you really lived your life wrong.
I mean, even if you bought a house at 35 and just made minimum payments, at least that would be paid off. And I'm sure taxes could be paid by renting out one room..
I mean, even if you bought a house at 35 and just made minimum payments, at least that would be paid off. And I'm sure taxes could be paid by renting out one room..
Counters to your example would be modern day Detroit, modern day Greece, and the Weimar Republic.