True, but at 19, that's beyond youth in terms of future financial considerations. I think it's more of an issue when your average 24-25 year old feels he doesn't need to save for his future or retirement.

I'll admit I've always been leery of contributing too much to a 401(k) or IRA since I like to have disposable income readily available. I worked for a company with a stock purchase program that basically guaranteed 15% return on your initial investment after 1 year, with a good chance of making even more than that. I opted out of the program because I didn't have enough liquid assets in the bank. I've beat my head against the wall ever since for this poor decision. People were making so much off this program that they reduced it to a 7.5% discount on the stock.