[Publius804]

Ping!

[listenhillary]

They are not cutting back on health care premiums and health care costs.

[Paladin2]

Already accomplished as part of going Galt in a virtual manner.

[poobear]

Ah yes. Their proverbial cash cow, their liberated generation of two working parents to support the American dream, the generation that was forced to pay triple the SS/Med taxes for the Greatest Generation who could have endless COLA raises to the point their monthly SS income would be more than they ever privately got paid. The generation whose Employers were forced to match the tripled SS/Med tax. (Sorry for the rambling sentences grammar elitists.)

The biggest group of children from one generation, the unappreciated cash cow is now aging.

Guess the Government can't kick the can down the road any longer. The old gray Boomer Generation has been used up and there is nothing left for them but Obamacare!

[Electric Graffiti]

Wait till the second boomer stock market panic takes place. This month or next....

[PGalt]

The war against totalitarians should be waged on all levels including philosophical, political, social and financial before you have to get to physical.

Defund totalitarians and their collectives.

[Alberta's Child]

Very interesting. I think a lot of Baby Boomers are going to find that the whole promise of “retirement” was nothing more than a con job. The idea that someone could retire at 60-65 and then go on living for another 25-30 years without doing anything productive was never sustainable.

[ScottinVA]

Hell yes. With my job suddenly at risk with the regime wanting to disestablish JFCOM, damned right THIS baby-boomer is cutting back.

[Ciexyz]

I have a hard time forgiving the bas$$$ds who deliberately tanked this economy for their own political and monetary purposes. They pulled the rug out from under us and laughed as they did it.

Since I have no political power myself, all I can do is pray that God gives them what they deserve. God knows who did it. God can bring them to their knees.

Of course we're supposed to forgive. Yeah, I can do that, but I also ask God to dispense his justice and look after those who call on his name for help and mercy.

[bgill]

Policy makers have long worried that Americans aren't saving enough for old age.

If we can't make it paycheck to paycheck then, noooo we can't save for old age.

And lately, current and prospective retirees have been hit on many fronts at once: They have less money,

True.

they earn less on what they have

True.

their houses aren't rising in value

False. Housing prices are still skyrocketing in my neck of the woods so property taxes are also skyrocketing causing even more financial problems.

and the prospect of working longer to make up the shortfall has dimmed significantly in a lousy job market.

True. On that progressing unemployment map, this county is now at the dark purple color. There are a few jobs but they are part time, minimum wage, and no benefits.

[P.O.E.]

Except the soup lines won't be as orderly as last time around

[Marty62]

Yeah there aren’t enough of us dead yet. Zip that wallet.

[PGalt]

A threat to a totalitarian economy is a gain for free people.

[WKUHilltopper]

No wonder they wanted death panels in “healthcare”...

[FightThePower!]

I advise that everyone spends less than 50% of their take home pay. Save the rest. First it starves our evil government of tax revenue, as an added bonus, you will find that all of the crap that you used to spend money on didn’t make you happy at all.

[ikka]

The Fed is basically stealing from savers and rewarding borrowers.

[Pollster1]

Already accomplished on my part. When TARP passed, I started going Galt. When Stimulus followed, I went more extreme. I’ve cut way back on my production and even farther back on my spending. As for investment, I’m completely out of the stock market and will remain out for as long as the usurper holds power.

[FrankR]

[longtermmemmory]

John Galt.

[ladyvet]

Interesting reading these kind of articles. Being that we have always lived on one income and never liked being in debt we have always lived with less then our neighbors. They are really in a bind these days and our lifestyle hasn't really changed at all.