The part that couldn't cope to save enough for a deposit due to inflation and when we managed we paid 26% (at the time living in RSA) interest plus currency instabilities. What this means is that most people's wealth was tied in their property. We also tried investing in stock markets and if you look up black Fridays and the like you will see the futility of it. To summarize at least for me the main characteristic of my financial life was that it resembled a snakes a ladders game. When you on the 98 go back to square 2! One lesson that I want to pass on, is at the end, the only worthwhile investment you can make is to invest in your children in the hope that one day they can make the world a little bit better than where you left it. This was what my father did for me by working in a sweat shop to assist me with my education and this what I am still doing. I don't divide a person's life by age but by landmarks. If my kids need support until they are 30 to stand on their feet so be it.