Usually, money is something that is a big mystery for us as we're growing up, as children. They don't teach us money management skills. This is not an innate ability. We're not birds, building nests. Spending habits change from one generation to the next.
Boomers are more likely to spend.
Personally, I don't feel Social Security is going to be there. We should be saving. If you're spending constantly, you're never saving. We're seeing college kids that are coming out that are overextended. They've been given credit cards.