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.
The oldest Baby Boomers were born in 1946 and are turning 68 this year.
Wait! What generation does my dad belong to? He was born in the 1930s. Anyway, there's a huge generation gap; I was born in the 1980s. I've learned from talking to my dad that these "old farts" as you called them, have a lot of wisdom and good old-fashioned ingenuity and know-how. Some of them have lived through hard times that we have yet to even imagine. If anything, do everything to please them so that they will teach you a thing or two, fellow "whipper snapper."
Wait! What generation does my dad belong to? He was born in the 1930s. Anyway, there's a huge generation gap; I was born in the 1980s. I've learned from talking to my dad that these "old farts" as you called them, have a lot of wisdom and good old-fashioned ingenuity and know-how. Some of them have lived through hard times that we have yet to even imagine. If anything, do everything to please them so that they will teach you a thing or two, fellow "whipper snapper."
Your dad belongs to the Silent Generation. Loosely defined as too young to serve in World War II and too old for The Summer of Love.
We had this situation with my former employer. The older employees just would not retire. Since the start of the year, that company lost 40% of its mid to junior staff and now has a big succession issue since the ones who were left behind are too inept to be promoted.
People are living longer. Life expectancy has made tremendous gains in the last century. It's not surprising that often people have to work longer. On the other side of that, it's no surprise that many "coming of age" moments are delayed now, just like retirement. Why rush to have kids by 25 when you can expect to live over half a century longer. 18 used to be about a third of life expectancy (54). Now it's somewhere between a fourth and a fifth (80). Gotta stretch that money longer somehow.
.
I could retire right now according to my 401k. But new cars, vacations to Beaches, home improvements, three colleges to pay for, braces, weddings etc. are something at my age no male head of household has ever had to deal with in past generations.
If I got married at 21, had kids at 23, 25, 27 to a 19 year old bride like prior generations did guess what I could retire soon.
!
This list is so ridiculous and self serving
1) You dont NEED a new car. Gimme a break
2)Aren't your kids too old for you to be paying for their braces? And if not, doesnt your dental insurance or their OWN insurance cover that?
3) You have to pay for a wedding. If your kids really have/ want to be married, they can get a couple of witnesses and goto city hall. The Wedding is just an expensive party.
4)Paying for College for your kid sis nice, but not mandatory. They can apply for aid, grants or take out loans like most lawyers and doctors do. Whe should they be any different.
This list is so ridiculous and self serving
1) You dont NEED a new car. Gimme a break
2)Aren't your kids too old for you to be paying for their braces? And if not, doesnt your dental insurance or their OWN insurance cover that?
3) You have to pay for a wedding. If your kids really have/ want to be married, they can get a couple of witnesses and goto city hall. The Wedding is just an expensive party.
4)Paying for College for your kid sis nice, but not mandatory. They can apply for aid, grants or take out loans like most lawyers and doctors do. Whe should they be any different.
5)The beach was free last I checked
Jack, his kids are 7-14... one of them may be old enough for a limited part time job... but his kids are still that: KIDS.
The retirement funds of a lot of older people took a serious hit in the recession and not all of them have bounced back. (just because the stock market is up does not mean your stocks are up). Many need to work longer to recover retirement funds and to help out their kids who may have been laid off in the past few years.
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.
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.
