Posted on 06/24/2006 11:14:12 AM PDT by Incorrigible
Absolutely.
Some Xers sound like Boomers did when we were just out of adolescence.
I run into boomer retirees EVERYDAY. Yes, they are not eligible to collect social security until they are 65, you are correct and I stand corrected.
Because people of all ages might benefit from the recommendation to save from retirement. Apparently, there are large numbers of people of all ages that are not!
(Plus, the generational angle is always good for blood pressure busting thread!)
Second, why do you assume that Baby Boomers are spend thrifts?
Because almost research on the subject indicates that this is indeed the case? At least for the majority even if there is a sizable minority that is not.
Is it because they are an convenient target to bitch about.
Well, that's a given!
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By 'geezer' I assume you mean Greatest Generation folks since even the dimmest bulb here can do the math and knoes that no boomers are taking SS payments yet.
Thanks! I don't think people usually think about what a historical novelty "retirement" is. The extension of the non-working life of the elderly is a very recent phenomenon - perhaps the last 50 years. It's been pretty successful for many, so far, but the future doesn't look as rosy.
Yes.
"That's only because the market value of our McMansions will double in value every four years forever! Right? Won't it???
It might. It might not. I have no idea. My $20K house, bought in 1974, appreciated to $337k but over 35 years. That sounds like a lot, but it's sure as heck not doubling every four years, and I paid it off within six years of buying it, and never borrowed on it again.
"And what was the percentage of those geezers' paychecks that went into raising you?"
Actually, it's their grandparents they're paying that 15% to. Few boomers have retired yet.
But, here's the cry:
"Waaaah....we gotta help support our parents and grandparents when they get old. That sucks. I wanted to buy a new car and a new boat....Waaaah!"
I did not force them to, but they certainly are forcing me to. When did I put a gun to the head of the geezers and demand they support me? And even assuming your braindead argument made sense, does voluntarily giving a person money force the recipient into involuntary servitude for life ipso facto? That is some pretty sick morals from a so-called "conservative".
I was actually being generous and ignoring the other 40+% they take out of my paycheck. Even if you argued that I was "indebted", I paid that "debt" ages ago.
"I run into boomer retirees EVERYDAY."
Yes. Those are the ones who have prepared well for their retirement. Lucky them. They retire early. I don't think they're the ones being whined about, eh?
Decades ago (I'll assume you mean the 80's) you had around 9 workers paying for each retiree. Now, it's a 3:1 ratio. And the tax rate has gone up since then!
Trust me, Gen X is feeling more pain relatively than you were decades ago!
Gen Y (almost as large as Baby Boomers) will vote in Euthanasia!
"Gen Y (almost as large as Baby Boomers) will vote in Euthanasia!
"
Yup, and it'll be the Gen-Xers they'll be euthanizing, too. Poor Gen-Xers! They're going to pay, then their kids are going to kill them, because they had to listen to them whine about their Boomer parents for all those years. Bummer!
There's a commercial that's been running recently. Some dad talking to his daughter about him and her mother making plans for long-term health care (a wise decision). But, the daughter responds by saying, "That's good. Mike's parents (her husband) didn't have a plan and now it's on us."
Everytime I hear that commercial, I want to smack her. That's the GenX attitude for you.
They conveniently fail to mention the millions killed by abortion that have lessened the number of workers who could now be paying into the system.
Oh, no. We can't blame the collapsing birth rate on that!
I think I've just developed a new respect for you. :)
Hey! I'm taking care of my parents!
I even bought their house so they could have some cash to go to Atlantic City!
Wow! Such anger.
I'm not one of those who will be a burden. I've had no financial windfalls, but I started saving immediately after college. I'm not an extravagant spender, nor am I a tightwad. Just tried to always live within my salary and not rack up any debt (except a house mortgage).
I can probably retire at age 55 or so and simply live on what I've saved, with or without any social security payments. Absent some major unforseen financial disaster that anyone can encounter, I'm not sure why everyone can't be in the same situation. It just takes some hard work and financial discipline.
Working until I'm 80? Bah! If I'm doing something then that is paying me, I certainly won't consider it a "job." It will be a hobby that pays.
:)
Amen bro!
That's why there are 20 million illegals in America to make up for the 20 million aborted by Baby Boomers.
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