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Old 07-31-2017, 01:02 AM
 
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Please explain. How does a rising economic tide lift the boats of, say, burger flippers or retired rent serfs living on Social Security?

 
Old 07-31-2017, 05:55 AM
 
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It opens up more opportunity for them at the next level to acquire a job that takes more skill.

And if someone gets to social security age with no other passive income streams and without owning a home, then I guess they have to face the consequence of rent adjusting to market each year.
 
Old 07-31-2017, 06:00 AM
 
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nothing can make up for someone who commits financial suicide
 
Old 07-31-2017, 06:36 AM
 
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Quote:
Originally Posted by Thatsright19 View Post
It opens up more opportunity for them at the next level to acquire a job that takes more skill.
Yep, exactly this. A good economy creates more opportunities for people without much education or skill set.

Of course they have to be willing to make the effort instead of make excuses.
 
Old 07-31-2017, 07:29 AM
 
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Quote:
Originally Posted by Thatsright19 View Post
It opens up more opportunity for them at the next level to acquire a job that takes more skill.

And if someone gets to social security age with no other passive income streams and without owning a home, then I guess they have to face the consequence of rent adjusting to market each year.

So then you acknowledge that it is more accurate to say "A rising tide lifts all RENTS"?
 
Old 07-31-2017, 07:32 AM
 
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Originally Posted by mathjak107 View Post
nothing can make up for someone who commits financial suicide

Those boats don't count?
 
Old 07-31-2017, 07:33 AM
 
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Quote:
Originally Posted by lieqiang View Post
Yep, exactly this. A good economy creates more opportunities for people without much education or skill set.

Of course they have to be willing to make the effort instead of make excuses.

What opportunity is opened up for an old retired person with no assets and no discretionary income?
 
Old 07-31-2017, 07:51 AM
 
Location: Boston
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Quote:
Originally Posted by freemkt View Post
What opportunity is opened up for an old retired person with no assets and no discretionary income?
I'm old and retired, I'm not looking for opportunity. I have SS , nothing else.
I don't want work and I live within my means.
 
Old 07-31-2017, 07:52 AM
 
Location: Boston
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Quote:
Originally Posted by freemkt View Post
Please explain. How does a rising economic tide lift the boats of, say, burger flippers or retired rent serfs living on Social Security?
If you need it explaining you have no interest in knowing because its THAT obvious.
 
Old 07-31-2017, 07:57 AM
 
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Quote:
Originally Posted by freemkt View Post
Those boats don't count?
no , they have big holes in them and nothing can float them .
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