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View Poll Results: If you had a guarenteed income of $1,500 a month you would....
Yes I would keep working 86 64.18%
I would quit and live off 1500 a month 10 7.46%
I would quit to start my own business 12 8.96%
I would work part time-maybe 20 hours a week 11 8.21%
None of these choices would match my behavior 15 11.19%
Voters: 134. You may not vote on this poll

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Old 12-08-2013, 04:35 AM
 
Location: Swiftwater, PA
13,350 posts, read 10,702,843 times
Reputation: 9543

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Most of us could not manage our expenses with only $1,500/month coming in. Is that before or after taxes? We paid off all of our debt before I retired and we would still lose money every month if we had to depend on just $1,500. We just have too much to take care of and taxes are too high.

I know that many people think life would be great if they did not have to work. But look at America's waist line! Eventually our life expectancy will come down as we gain weight. Too many people are envious of people that do nothing. That isn't necessarily a good thing. Look at how many Americans park in the fire lanes to save a few extra steps into our stores - are they healthier?
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Old 12-08-2013, 04:44 AM
 
Location: Victoria, BC.
30,043 posts, read 30,793,083 times
Reputation: 12224
Quote:
Originally Posted by fisheye View Post
Most of us could not manage our expenses with only $1,500/month coming in. Is that before or after taxes? We paid off all of our debt before I retired and we would still lose money every month if we had to depend on just $1,500. We just have too much to take care of and taxes are too high.

I know that many people think life would be great if they did not have to work. But look at America's waist line! Eventually our life expectancy will come down as we gain weight. Too many people are envious of people that do nothing. That isn't necessarily a good thing. Look at how many Americans park in the fire lanes to save a few extra steps into our stores - are they healthier?
Just because a person is retired, that does not mean they do nothing...In many cases the retiree is more active than he was when he was working.
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Old 12-08-2013, 04:54 AM
 
8,912 posts, read 7,419,954 times
Reputation: 11891
$1,500 a month is much less than I take home right now and we live paycheck to paycheck. I'd continue working and use the $1,500 to build savings to get a better home.
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Old 12-08-2013, 05:04 AM
 
Location: Swiftwater, PA
13,350 posts, read 10,702,843 times
Reputation: 9543
Quote:
Originally Posted by sanspeur View Post
Just because a person is retired, that does not mean they do nothing...In many cases the retiree is more active than he was when he was working.
Yes; but not in all cases. Many retires simply do not last. They get lazy and it's not healthy.
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Old 12-08-2013, 07:21 AM
 
Location: Austin
29,044 posts, read 15,664,167 times
Reputation: 7765
$1500 per month? You have to be kidding. That wouldn't even pay for my wife's clothes.
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Old 12-08-2013, 08:11 AM
 
Location: East St. Paul 651 forever (or North St. Paul) .
2,869 posts, read 2,727,387 times
Reputation: 1446
Quit and start my own business.
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Old 12-08-2013, 08:17 AM
 
Location: Houston
21,061 posts, read 10,743,281 times
Reputation: 8236
Does the wife get 1500 too?
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Old 12-08-2013, 08:44 AM
 
Location: USA
6,171 posts, read 5,000,734 times
Reputation: 10554
I live in a smaller town so 1500/month would go pretty far here. Definitely not for someone living in a major metro area with overinflated prices. There would still be big incentive for people to go out to work because for most 1500/month isn't enough. Most people like buying luxury items like new cars and the latest smartphones.


The truth is there are fewer and fewer jobs out there due to automation and outsourcing so some sort of basic income is going to become necessary in the future. Unless of course we go all out third world.

Personally I would just work part time and peruse my hobbies/interests more.
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Old 12-08-2013, 08:47 AM
 
Location: USA
6,171 posts, read 5,000,734 times
Reputation: 10554
Quote:
Originally Posted by banjomike View Post
Even if I had a guaranteed income of $1 million a month, I would still work. Work is what gives life meaning and purpose.

Only for someone who is working in their dream field. Most people just drudge away simply to keep off the street.
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Old 12-08-2013, 08:51 AM
 
Location: The Republic of Texas
61,333 posts, read 31,056,395 times
Reputation: 13051
Quote:
Originally Posted by theunbrainwashed View Post
Actually, that'd be Norwegians, Luxembourgers, Monacans, and Liechtensteiners


Look at the suicide rates in those nations, too. That is scary.
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