Article in case anyone wants to read it
this post was submitted on 02 Jan 2024
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A Boring Dystopia
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Can you elaborate about the savings taken away at 17?
Lots of shitty parents out there. It's so bad that before you get your first paycheck in boot camp, they march the entire division over to the Navy Federal Credit Union, and whatever Bank was on base, and made you open an account with one of them, your choice. I went with the Credit Union.
Getting the soldiers to open an account seems like a smart move. Much better to get direct deposit and a debit card/checks than to have them cash a check somewhere.
Sailors in my case. I assume they do something similar in the Army and Air Force, as it was a policy the Navy adopted sometime in the Vietnam War era, because too many parents opened bank accounts for their kids with the parents name as well, and cleaned out their pay.
It's a parents thing, same happened to my sister.
Damn that's a ball ache. I didn't get any savings when I left home, but at least I didn't expect any. Just imagining the feeling of having that pulled away... ouch.
Did have parents spot my rent a couple of time; don't make me out to be ungrateful.