Retirees Will Face Dire Straits [Baby Boomers to force following generations to suffer]

Newhouse News ^ | 6/23/3006 | Teresa Dixon Murray

[Incorrigible]

>>More Boomer bashing.

Jealous of our music.

And jealous of the days of "free love"!

When I was in college, AIDS had just been announced and everyone, hetero or not, was paraniod!

 

[operation clinton cleanup]

Money For Nothing, Rx For Free

LOL! Importing illegal immigrants to pay SS taxes seems to be the governments answer.

[xrp]

That's my fear, too. I've invested quite a bit so far. Well, quite a bit for me. If push comes to shove, I sell it all in 2015 or whenever, move it to Swiss bank accounts and bail on this country.

Rest of my stuff is in 401k, can't be touched for 27 years.

[Incorrigible]

See Post 12.

Yep! I appreciated that one!

[xrp]

I hope my parents live to be 100

Especially not with you leaving them in that earthquake zone, you parent hating SICKO!

[Graymatter]

>>And jealous of the days of "free love"!

I can't wait to tell my kids about that. But the oldest is only 28. Way too tender yet.

[MineralMan]

"But as the article points out, Generation X is saving more than the Baby Boomers at the same age. "

I'm not sure that's even true. Some Gen-Xers are saving and prepping for their retirement. A heckuva lot of them are doing no such thing.

Along the same line, a heckuva lot of boomers have their retirements well in hand. A bunch more don't. And so it is with every generation.

[Incorrigible]

So you are whining today about somebody who may or may not be whining in twenty years....pretty much validates my original post.

LOL!!!  OK!  Waa! Waa! Waa!

:-)

 

[John Jorsett]

Every time I'm posting stuff where there are liberal young people reading it, I make it a point to mention that a big part of my retirement plan is my voting to keep them chained to the oars and paying high taxes to support me. I've saved up a tidy sum and I won't really need government support, but they don't know that. I'm hoping that gloating about confiscating their wages to pay for my beach house and Viagra might cause some of them to start thinking that Social Security privatization might be a good idea.

[TAdams8591]

I am a tail-end boomer. DON'T blame it on me. There will be nothing left for me either.

But unfortunately for the present boomer retirees, there is nothing left for anyone to take from me. Some very vicious conservatives beat them to it. And they know who they are.

[Incorrigible]

Along the same line, a heckuva lot of boomers have their retirements well in hand. A bunch more don't. And so it is with every generation.

Well, the article didn't give a break down of Gen X saving rates, but it states that only a forth of Boomers are prepared and a forth will likely be destitute.  The other half is iffy.

 

[Glenn]

Every time I'm posting stuff where there are liberal young people reading it

The very definition of a GenX thread.

[bert]

The sky is falling! The Sky is Falling!!

[MineralMan]

"When I was in college, AIDS had just been announced and everyone, hetero or not, was paraniod!"

Yeah. When I was in college, there was no such thing as AIDS. The birth control pill had just been introduced and most of the other STDs weren't all that prevalent on the college scene (except for gonorrhea).

Times were good. I was in college from 63-65, then spent 4 years in the USAF and came back to college in 1970. No AIDS in any of those years. Good times!

[NeoCaveman]

my concern is that spendthrift Baby Boomers will empower the government to grab my nest egg in order to pay for those who didn't prepare. Thus making my efforts pointless.

If that is your concern. Start saving outside retirment accounts. The government will go after those first.

[sageb1]

I just find it ironic that conservative FReeper GenXers who claim to support traditional family values don't seem to understand that boomers are not the "me" generation, but they certainly seemed to give birth to them. Boomer dads (and some moms) worked their butts off for their GenXer children. Slamming baby boomers when discussing Social Security reform is not something that should go hand-in-hand.

[NeoCaveman]

If any or all of the dire predictions turn out correct, then it will simply prove that it was unreasonable for people to expect up to 40 years of post-work idleness at *somebody's* expense.

Darn good point.

[MineralMan]

"But unfortunately for the present boomer retirees"

There are no boomer retirees, yet, except for those who could retire around age 60. I was born in 1945, so I'm 60 years old (for another month). I'm not retiring for several years yet.

The boomers don't start to retire for five more years.

[sageb1]

"THAT is not "Third World"...it is what should/used to be normal..."

Precisely! Thank you.

[NeoCaveman]

I have enough faith in the abject nihilism of this country to assure myself that Baby Boomers will be euthanized once they become a serious burden.

Can we call it Roe v. Wade Part II?