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You may prefer there be no answer - may prefer those people be SOL. That doesn't mean it is the way it is or has to be. Let's remember the premise of the thread, as outlined in the OP:
Quote:
Originally Posted by cheapcharly
I can think there will be a huge crisis coming.
"Crisis". It would not be a crisis in the context of the OP if the answer was "those people are SOL". This situation having only anecdotal impact would be the contrapositive of "crisis".
The reality is that the effect of a substantial portion of the population being too old to make a living with little or no resources to live off of very likely will be a crisis in the context of the OP. These people will be our relatives and our neighbors and their situation will affect us all, at least in logistical ways but also, for many people, on a personal level as well.
I'm sure you'll agree that disparagement of those who find themselves in the predicament is inappropriate. It doesn't provide an answer to the question, being little more than evasion of the issue, and relies on presumption and hubris. However, cavalierly writing unfortunate people off is not much better. There are personal finance answers to the question that apply today. Not the "blood from stone" answers, such as what stoutboy posited, but others. It's a bit strange that the thread isn't about that, given that this is a personal finance forum, but perhaps no one finds that aspect interesting to discuss.
However, the reason why this matter comes up is because those resources are in danger. The trends are toward a situation where we will have a "crisis" because today's answers won't exist, and as a result we would have huge contingents of elderly effectively "dying in the streets". The discussions about solutions to the ramifications of those trends aren't personal finance discussions, though. But the fact that they're not relevant to the forum doesn't mean they don't exist, and surely doesn't rationalize prejudicial consideration of or callous disregard directed toward vast portions of the American populace.
I think the most and best we can say is that there are personal finance answers to the question today, and that we don't know what tomorrow will bring.
that is correct and a fact you you really have to plan for. but if you don't ,can't or won't then you are just SOL.
in the older days folks who couldn't do what they did just found other jobs they could do but they had to keep working until they just died.
as usual freemkt wants to know how those folks who can't save retire. the simple answer is they can't. there are no consolation prizes for failure in this area..
What happens when there are elderly homeless everywhere?
What happens when there are elderly homeless everywhere?
If I had the answer I would have been a politician instead of a working stiff breaking my butt for 40 years and constantly trying to find ways to beef up retirement savings..
Last edited by mathjak107; 01-23-2015 at 03:56 AM..
Or more likely, their employers CHOSE not to pay them enough to save for retirement.
employers pay what the market place says that job is worth for the most part.. one needs either more skills that are in demand for more pay , do jobs others do not want to do themselves or get more lower pay jobs.
heck I grew up in a nyc housing project over in the woodside houses as my family struggled making ends meet .
.
I had 3 jobs in my 20's just to make sure I never went back to that lifestyle ever again. I was a drummer doing gigs weekends , got trained and worked for a commercial ac and refrig company as a tech and worked my own business at night on the side doing service work..
whatever it took. being poor or struggling again was never going to be an option as long as I had the power and health to change things. it has been a life long goal and july 31st at 4:30 pm I will have reached that goal as I retire . game over!
you will always have those who will find a way while others in their situation will find an excuse. I am still friends with some of my project buddies and they chose the excuse route.
Last edited by mathjak107; 01-23-2015 at 04:32 AM..
Or more likely, their employers CHOSE not to pay them enough to save for retirement.
Maybe the workers can CHOSE to get better jobs instead of (and you must know this being you are in NYC) playing the race card when things don't go their way and having this learned culture of entitlement
You must live on the Upper West Side or some other bleeding heart neighborhood. Why don't you hire one of these 'low paid workers' who serve you & your rich ilk at Zabars or Duane Reade. You psudo stuck up cosmopolitan types I meet in Cambridge MA and the Upper west side are some of the most hypocritical uppity, bleeding heart elitist types
employers pay what the market place says that job is worth for the most part.. one needs either more skills that are in demand for more pay , do jobs others do not want to do themselves or get more lower pay jobs.
heck I grew up in a nyc housing project over in the woodside houses as my family struggled making ends meet .
.
I had 3 jobs in my 20's just to make sure I never went back to that lifestyle ever again. I was a drummer doing gigs weekends , got trained and worked for a commercial ac and refrig company as a tech and worked my own business at night on the side doing service work..
whatever it took. being poor or struggling again was never going to be an option as long as I had the power and health to change things. it has been a life long goal and july 31st at 4:30 pm I will have reached that goal as I retire . game over!
you will always have those who will find a way while others in their situation will find an excuse. I am still friends with some of my project buddies and they chose the excuse route.
Don't state the obvious. You have the bleeding hearts who live on the upper west side and those who work and game the system and know how to play the race card to get what they want.
Personally I would dis associate myself from anyone having to do with the 'projects'. Being from NYC and now living in Concord MA (an affluent suburb outside Boston), you must know that those who stay in the projects (and the lifestyle) do so for a reason -- many know how to work and game the system, and the level of violent, thuggish & generally low class behavior is accepted and even encouraged by many in NYC -- believe me such people would be thrown in jail if they displayed such behavior any place else --
why would you want to be seen with or associate with such a class of people and making excuses for their behavior as well as why they can't get out of the "project lifestyle and violent behavior for street cred" is just a cop out
Last edited by NickL28; 01-23-2015 at 04:43 AM..
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