Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-21-2013, 09:49 PM
 
4,749 posts, read 4,312,116 times
Reputation: 4965

Advertisements

Quote:
Originally Posted by Kalisiin View Post
Pinkmani, I doubt that if every Boomer dropped dead right now...that our problems would be magically solved.

They might have started the decline and the problems...but many in our generation have perpetuated the problems and made them worse.
If every Baby Boomer dropped dead, that would might help because we would have less on Social Security.

And when you said "many in our generation", I'd like to point out that we probably aren't in the same generation. I just read that your mom is 67, whereas my parents are 50 and 51. I'm only 19…

As far as I'm concerned, the only thing my generation has done is increase the student loan debt and walk around with our iPhones and iPads. And I'm sure that if my generation was able to get jobs and wasn't underemployed, that debt would be significantly less.


Quote:
Originally Posted by TuborgP View Post
FYI, my 32 and 37 are very financially successful and thank my wife and I for it. Just saying painting broad strokes is oh well! Perhaps the word is insightful into your own life. Not sure your parents would appreciate your comments. Not trying to be nasty but sometimes we need to think what we are saying about ourselves when we post. Just some Senior citizen parenting type of suggestion on my part. Feel free to reject it and I suspect you will but understand it was presented in good spirit.
I'm assuming that you meant that your kids are 32 and 37 (if so, you technically have kids that are Gen. X).

Last year, I explained to my parents the stereotypes that people have of Millennials (my generation), and they realized that they are culprits. They handed everything to me. I've never had to get a job. I literally have no financial responsibilities. I admit to getting a minimum wage summer job. And after that experience, I'm never working in retail or minimum wage again. However, I have a new respect for those in retail and now I always fold or hang the clothes back properly.

Guess who's paying for college? My parents.
Guess who bought my car? My parents.
Guess who pays for gas, car insurance, and maintenance? My parents.
Guess who gives me transfers money to my bank account so that I can hang out? My parents.

My only responsibilities are to get good grades, keep my room clean, take my car to the carwash, keep myself groomed, and go to therapy every week. Not hard. I have a pretty awesome life.



I get what you're saying. My answer was more of a dig to the Baby Boomers that continuously tell Millennials that we are worthless, lazy bums that have no future. Judging by your answer, you're not one to say that.
Reply With Quote Quick reply to this message

 
Old 12-21-2013, 10:01 PM
 
28,624 posts, read 18,677,825 times
Reputation: 30904
Quote:
Originally Posted by Delahanty View Post
And BTW, he's smoking the wacky weed if he thinks that boomers are living longer than their parents. Whether we have environmental hazards/contaminants or that contaminated childhood polio vaccine to blame, anyone who taps into the obits on a regular basis and sees dead boomers survived by one or both parents knows that's not happening.
Above ground nuke tests.

We Boomers were drinking milk from cows eating irradiated grass from the hundreds of American and Soviet above ground nuclear tests in the US and the Pacific during the 50s and early 60s. That specific type of radiation particle is the kind that lodges in your body for life.

It's a wonder we don't glow.
Reply With Quote Quick reply to this message
 
Old 12-21-2013, 10:04 PM
 
28,624 posts, read 18,677,825 times
Reputation: 30904
Quote:
Originally Posted by TuborgP View Post
The article is focused on the structural problems being created by our aging population. As you note the record number of people on welfare will be competing with the elderly for resources especially Medicaid resources as in nursing homes. The current population excluding those Boomers already retired are working and helping to pick up the tab for those on welfare. Soon many of them will be transitioning from contributors to dependence. Ouch! Big picture solutions are not even being discussed, however individual solutions in many cases are being worked on.
A heck of a large percentage of the Boomer population is not likely to retire before the age of 72, and might not live longer than that.
Reply With Quote Quick reply to this message
 
Old 12-21-2013, 10:10 PM
 
28,624 posts, read 18,677,825 times
Reputation: 30904
Boomers were born and raised in a post-WWII bubble of USA industrial supremacy and dominance of global commerce. It was an historical anomaly for one country to have such dominance. But by the 70s that dominance had ended.

The problem is that we Boomers did not realize in our gut that we were riding a bubble that could not last forever. We thought that was the world as it was, so we did not develop the frugal mentality and saving habits that our Great-Depression-and-then-Effing-World-War parents had.

Even when it broke in the 70s, we didn't understand what was happening. It was like the grasshopper not understanding what falling leaves means.

So we really don't understand and don't really believe the reality faced by our children. You go to college, you get a good job with a good company. Easy as falling off a log. That's the way it worked for us. "Must be something wrong with you."
Reply With Quote Quick reply to this message
 
Old 12-21-2013, 10:19 PM
 
48,505 posts, read 96,682,701 times
Reputation: 18304
Think of this; boomers consist of 26% of population.8K a day retiring ;to continue for next 19year and increase to max of 10k a day. As they age a diverse group in political priorities I past is more and more concentrating on on thing ;retirement issues.
Reply With Quote Quick reply to this message
 
Old 12-22-2013, 03:38 AM
 
19,965 posts, read 30,115,563 times
Reputation: 40023
this country use to be a capitalistic one- the more you worked, the more the reward..

thru liberal redistribution of wealth,,,,,achievement or any type of success is penalized, class warfare is used as a crutch

the private sector, use to fuel the economy on basic principles,,, thru the years, the liberals have grown government/state/federal jobs that do not contribute to the economy,,,,the private sector taxes pays for their salaries and better benefits

maines largest employer is the state...what a sad commentary that is.... over-regulation has killed and driven companies to move - even out of the country- yes, the politicians with a golden parachutes of salaries and benefits, makes laws, killing new businesses- why?? because they are all set..

look at our congress,,, we are almost 20 trillion in debt,,,and no one seems to care,,, these politicians should not be paid ,,,unless they can balance a budget-instead they are set for life, this is despicable,,
also , where is the accountability of our government??
the department of energy was created in around 1977, to get us off foreign oil.....almost 40 yrs later and billions spent,,,we are in the same boat as 40 yrs ago... dependent on countries that hate us.


then look at the welfare,,, we have more people on welfare than ever before????? wtf??

those that really need it- dont have enough, because of the fraud in the system...

we give more foreign aid than any other country.... this is ridiculous..


in one year, the country could solve the whole energy crisis if they wanted to-all they have to do is (encourage)a hybrid/electric car under 10k - they could have done this multiple times in the last 30 yrs.. (give incentives and rebates for buying these cars) they do this now on 40k cars not many can afford..

why havent they done this?????

because they tax the hell out of every gallon of gas,,,,plain and simple,,, and if less people use gas,,-then less tax revenues

folks we are almost 20 trillion in debt...
china keeps lending us money because walmart(and others) keeps selling chinese goods, and fuels their economy.
what do we do -when they say, PAY UP???????? do we give them our air force?? oh, thats right, no one cares.

what have we got to show for this debt besides one political party that has bought votes for 40 yrs with give-aways..
and the democrat party should ask itself- why do we have the same problems we did 30 yrs ago,,,,,when voting for the same folks ??



now we are going full speed into a socialist system with healthcare- sure lets put the government in charge, more and more governement jobs will grow ,,less and less private sector..


it wasnt the boomers that detroyed a great nation,,,,,its the socialists..
Reply With Quote Quick reply to this message
 
Old 12-22-2013, 06:43 AM
 
28,624 posts, read 18,677,825 times
Reputation: 30904
Quote:
Originally Posted by mainebrokerman View Post
this country use to be a capitalistic one- the more you worked, the more the reward..
A. You don't seem to know what "capitalism" means. It appears you mean "free enterprise," which is not the same thing as "capitalism," and unbridled capitalism is the enemy of free enterprise.

B. It has never been true that hard work alone got anyone very far. There are thousands of people working far harder than Donald Trump ever worked a day in his life.

Quote:
thru liberal redistribution of wealth,,,,,achievement or any type of success is penalized, class warfare is used as a crutch

the private sector, use to fuel the economy on basic principles,,, thru the years, the liberals have grown government/state/federal jobs that do not contribute to the economy,,,,the private sector taxes pays for their salaries and better benefits
You must be counting the GOP administrations as liberal.

Quote:
maines largest employer is the state...what a sad commentary that is.... over-regulation has killed and driven companies to move - even out of the country- yes, the politicians with a golden parachutes of salaries and benefits, makes laws, killing new businesses- why?? because they are all set..

look at our congress,,, we are almost 20 trillion in debt,,,and no one seems to care,,, these politicians should not be paid ,,,unless they can balance a budget-instead they are set for life, this is despicable,,
also , where is the accountability of our government??
the department of energy was created in around 1977, to get us off foreign oil.....almost 40 yrs later and billions spent,,,we are in the same boat as 40 yrs ago... dependent on countries that hate us.
Yeah, that was a big mistake. But both administrations played into that one too--because of corporate oil lobbies...supporting that "capitalism" you're so enamored with.


Quote:
then look at the welfare,,, we have more people on welfare than ever before????? wtf??

those that really need it- dont have enough, because of the fraud in the system...
But take a close look at who is really on welfare, what the numbers really are, and your presumptions might be rocked.

Quote:
we give more foreign aid than any other country.... this is ridiculous..
89% of US foreign aid is military assistance.

Quote:
in one year, the country could solve the whole energy crisis if they wanted to-all they have to do is (encourage)a hybrid/electric car under 10k - they could have done this multiple times in the last 30 yrs.. (give incentives and rebates for buying these cars) they do this now on 40k cars not many can afford..

why havent they done this?????
Wait, are you suggesting government handouts?

Quote:
because they tax the hell out of every gallon of gas,,,,plain and simple,,, and if less people use gas,,-then less tax revenues
People don't use less gas, though. American gas consumption has done nothing but rise since the Arab Oil Embargo.

Quote:
folks we are almost 20 trillion in debt...
china keeps lending us money because walmart(and others) keeps selling chinese goods, and fuels their economy.
what do we do -when they say, PAY UP???????? do we give them our air force?? oh, thats right, no one cares.

what have we got to show for this debt besides one political party that has bought votes for 40 yrs with give-aways..
and the democrat party should ask itself- why do we have the same problems we did 30 yrs ago,,,,,when voting for the same folks ??
Wait. What? Are you saying that the Democrats have been in office for a straight 40 years?

<Reaching for the television knob to makes sure the Control Voice isn't really in control of the vertical and the horizontal....>
Reply With Quote Quick reply to this message
 
Old 12-22-2013, 06:44 AM
 
Location: Pennsylvania
30,372 posts, read 16,098,904 times
Reputation: 44171
Quote:
Originally Posted by Pinkmani View Post
If every Baby Boomer dropped dead, that would might help because we would have less on Social Security.

And when you said "many in our generation", I'd like to point out that we probably aren't in the same generation. I just read that your mom is 67, whereas my parents are 50 and 51. I'm only 19…

As far as I'm concerned, the only thing my generation has done is increase the student loan debt and walk around with our iPhones and iPads. And I'm sure that if my generation was able to get jobs and wasn't underemployed, that debt would be significantly less.




I'm assuming that you meant that your kids are 32 and 37 (if so, you technically have kids that are Gen. X).

Last year, I explained to my parents the stereotypes that people have of Millennials (my generation), and they realized that they are culprits. They handed everything to me. I've never had to get a job. I literally have no financial responsibilities. I admit to getting a minimum wage summer job. And after that experience, I'm never working in retail or minimum wage again. However, I have a new respect for those in retail and now I always fold or hang the clothes back properly.

Guess who's paying for college? My parents.
Guess who bought my car? My parents.
Guess who pays for gas, car insurance, and maintenance? My parents.
Guess who gives me transfers money to my bank account so that I can hang out? My parents.

My only responsibilities are to get good grades, keep my room clean, take my car to the carwash, keep myself groomed, and go to therapy every week. Not hard. I have a pretty awesome life.



I get what you're saying. My answer was more of a dig to the Baby Boomers that continuously tell Millennials that we are worthless, lazy bums that have no future. Judging by your answer, you're not one to say that.
Every generation tells the next one some such thing. The boomers were long haired hippie drug using freaks We just figured they didn't understand.
Reply With Quote Quick reply to this message
 
Old 12-22-2013, 07:08 AM
 
31,680 posts, read 40,976,802 times
Reputation: 14424
Quote:
Originally Posted by Ralph_Kirk View Post
A heck of a large percentage of the Boomer population is not likely to retire before the age of 72, and might not live longer than that.
Not sure the data supports the pattern of early Boomer retirement at all. In fact the number retiring and drawing SS is increasing at age 62

http://money.usnews.com/money/blogs/...eir-retirement

Quote:
Baby boomers often say they are going to work past traditional retirement age, but just over half of the oldest baby boomers have already retired. A recent survey of 1,003 people born in 1946 found that 52 percent consider themselves to be retired, up from 45 percent in 2011 and 19 percent in 2007.


[Read: The Baby Boomer Retirement Crunch Begins.]

Only 21 percent of 1946-born boomers are still working full time, and another 12 percent are working part time or seasonally. Only a few of the oldest baby boomers, who are turning 67 in 2013, are employed part time (2 percent), self-employed (4 percent) or looking for work (1 percent), according to the GfK Custom Research North America poll, which was commissioned by the MetLife Mature Market Institute.

The oldest baby boomers often ended up retiring young. The average age of retirement among those already retired is 59.5, MetLife found. Many of the oldest baby boomers (18 percent) retired at age 62, the earliest possible age at which one can begin collecting Social Security benefits. Another 19 percent retired at age 65, when Medicare eligibility begins. Far smaller proportions of boomers retired at ages 63 (9 percent) and 64 (5 percent). And 22 percent of 1946-born boomers retired at age 55 or younger, far before they qualified for any entitlements or could even make retirement account withdrawals without incurring the early withdrawal penalty.
Reply With Quote Quick reply to this message
 
Old 12-22-2013, 07:18 AM
 
31,680 posts, read 40,976,802 times
Reputation: 14424
Quote:
I get what you're saying. My answer was more of a dig to the Baby Boomers that continuously tell Millennials that we are worthless, lazy bums that have no future. Judging by your answer, you're not one to say that
.

At the age of 19 your life is in front of you and has yet to be written. No on can tell you what it will be only what your current behavior might be taking it towards. Heck we don't even know what the world will be like in ten years as the rate of change is exponential.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6. The time now is 02:55 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top