Many ALICE Americans fall above the federal poverty level and typically earn too much to qualify for government assistance, though most can’t afford their daily expenses.
To be clear I was born in 1959 and my retirement age was “adjusted” to 66 years and 10 months. Not a problem as I really like my job and retirement doesn’t interest me atm.
if that’s true, then she better hope the decision isn’t made for her...
I suspect that ALICE made a lot of bad financial decisions and didn’t manage her money well.
Vote Democrat!
My son, who has 30 years experience as a special ed teacher, IT specialist, and administrator, now works for a top notch college which has a tuition with room and board of $60,000 A year, for $25 an hour! Naturally, when he gets promoted to a more suitable and responsible position, he will make much more, but unless you’re at a certain level, colleges pay their staff much less than their tuition charges would seem to indicate they should.
In spite of her meticulous planning and focus on her goal of retiring with some modicum of comfort...
>> After a decade, she hadn’t climbed the corporate ladder at any firm
She’s a victim! Won’t you help? A mere $2 per day from each of you will help “Cathy” escape her life choices and thrive as the well-off retiree she DESERVES TO BE. Contact socialist publication Business Insider for details on how YOU CAN HELP Cathy!
master’s in public administration...
Three words: More to Delaware.
More = Move.
PWI
Joe says people have plenty of money and can afford it.
Two Mansions and a Beach House with both of his kids driving Porsches will do that.
His entire Social circle doesn’t know anyone that works for a living.
In the Minnesota college system she has extremely generous benefits. So, how much has she saved?
I notice she says she had "tons of student loans".
"I can't afford life while working. How can I even think of retiring?" the St. Paul, Minnesota resident said.
It is hard to retire if you are used to living paycheck to paycheck.
Her income now is about $40,000 a year plus. She took out $40,000 in student loans over 25 years ago, for law school, which she never completed. The remainder of the loans was recently forgiven.
She never considered buying a home, mostly because of her student loans.
If she is a victim of anything, she is a victim of feminism.
All that said, I am living comfortably but that's because I never ran up a lot of bills and never lived beyond my means. I am content. Sure, who wouldn't want to have $250,000 in savings/retirement. But the way I look at it, I can't take it with me. So if I ever do come into a lot of cash I'll probably give most of it to my kids before I pass. That way they won't have to incur inheritance taxes.
For 25 years she didn’t advance. There’s probably a reason for that. Lots of below average people out there, and promoting them over smarter, harder working people with more potential is counterproductive. Going to college might have been a mistake for her.
Personally IMO, the only degrees worth anything are professional in nature: engineering, medicine, hard science, etc. A degree in "studies" (e.g. Negro studies, Homo studies, Female studies, Climate studies) isn't worth as much as a bucket of warm spit.
Lots of bad decisions by this Cathy.
Her state pension will be nice.
A masters in public admin
She can’t make ends meet!!
Ya right
Honest, steady work, but I suspect there is more to the story here (husband, children, bankruptcy, divorce.)
“’Generation Jones’ is the cohort born roughly between 1955 and 1965, sandwiched right between the Baby Boomers and Generation X.”
They pretty much missed out on the cultural change of the Boomer era, and its perks, but caught much of the improvised educational drek intended to patronize the boomers. For them, Gen X was like a breath of fresh air.
I fall in this age range. I have arranged my job so I only do the things I like, and I can do it mostly from home.
Why would I give that up?
I could retire, but why would I? What is the advantage?
I have lots of vacation time, a good salary, and excellent benefits. They will have to carry me out of my office feet first, many many years from now.