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I didn't expect this thread to go as long as it did.
I chose the above statement because it shows just how out of touch boomers are.
First off, yes you may have paid in 100k but that's not really the point. The SS administration calculates your monthly rate by taking your highest earnings for 35 (non consecutive) years. Since boomers had pretty stable and (relatively) high paying careers, most will earn toward the top end of the monthly payout range (which is $2200 I believe). 5-7 years and your all of what you paid is paid back to you. After that, that's money that you're not entitled to anymore. Will the Feds still pay you? Of course and they should.
However, the above is besides the point. The more important cost is healthcare. One bypass surgery or knee/hip replacement and whatever you've paid in SS or medicare is spent. Everything after that is a tab that someone else needs to pick up.
That is not sustainable without completely fiscally ****ing up the next few generations no matter which way you look at it.
You will see 100 cents on the dollar even though you should not. Why? Because my generation and the following will see 50 cents on the dollar if we're lucky.
Your generation is stealing from future generations. Do you wonder why I'm pissed? lol
If you ass clowns let my generation opt out of these train wrecks, there would't be a problem. However, you've chained us to the runaway locomotive heading towards the edge of the cliff.
Just out of curiosity, which generation do you think is paying for the health care, social security and rest homes for the WWII generation?
The guy relaying the story (himself an electrician; early 50's) did not paint a nice picture (work wise) of this guy. That's besides the point though.
How productive can you be at 67? I don't give a ****. 67 is 67 and when you're 67, you feel 67 and you work like you're 67. What is he, superhuman?
Some of the other trades are more physically demanding and you don't see guys past 55 last at all. Wonder why? This guys there because it's not too physically demanding and he can **** around half the day. I'm paraphrasing from the electrician relaying this story.
I didn't want to mention this initially because it's beside the point. Age is age and we all feel it. Organic matter breaks down over time.
A lot of boomers are still hanging on because they work in offices where one's physical health is not of prime importance (as opposed to previous generations of more intensive manual labor) and tthus they can fly under the radar.
If you boomer's want to get into this we can. I have examples at my own place of work and I've seen it enough to know that they're not just aberrations.\
You ***** about millennial and Gen X'ers but hour for hour, we're more productive guaranteed.
A few words of advice (from someone older and wiser )... Every time I hear a story that begins with "I know this guy" or "someone I know knows this guy" I take the rest of it with a grain of salt.
I didn't expect this thread to go as long as it did.
I chose the above statement because it shows just how out of touch boomers are.
First off, yes you may have paid in 100k but that's not really the point. The SS administration calculates your monthly rate by taking your highest earnings for 35 (non consecutive) years. Since boomers had pretty stable and (relatively) high paying careers, most will earn toward the top end of the monthly payout range (which is $2200 I believe). 5-7 years and your all of what you paid is paid back to you. After that, that's money that you're not entitled to anymore. Will the Feds still pay you? Of course and they should.
However, the above is besides the point. The more important cost is healthcare. One bypass surgery or knee/hip replacement and whatever you've paid in SS or medicare is spent. Everything after that is a tab that someone else needs to pick up.
That is not sustainable without completely fiscally ****ing up the next few generations no matter which way you look at it.
You will see 100 cents on the dollar even though you should not. Why? Because my generation and the following will see 50 cents on the dollar if we're lucky.
Your generation is stealing from future generations. Do you wonder why I'm pissed? lol
If you ass clowns let my generation opt out of these train wrecks, there would't be a problem. However, you've chained us to the runaway locomotive heading towards the edge of the cliff.
Hmmm I live on my retirement, I pay BCBS a healthy amount every month and I'm stealing from you
And my years in the military doing what my country asked of me? That's not worth anything?
Just out of curiosity, which generation do you think is paying for the health care, social security and rest homes for the WWII generation?
First, the WW2 generation actually set the the boomers up to enjoy the spoils of war (so to speak).
Second, the WW2 generation was markedly smaller.
Third, the WW2 generation did not erect a wide reaching welfare state so that they could enjoy multiple bypass surgeries and knee and hip replacements in their 80's and then act as if they're entitled to screw the next few generations just so they can pop some Viagra and lay it down doggy style with that new hip in their 70's.
If you were to ask me, the WW2 generation suffered a lot, gave a lot,and took extremely little.
I could go on and on about greedy, self entitled, and irrational boomers but I'd never end. Maybe life was a little too easy for them in the America of the 50's-late 90's.
And now, we younger generations are still going to have to pay for them for the next 20 years since they dominate the upper echelons of government. Good luck getting them to sacrifice some of their entitlements for the betterment of younger Americans.
I could go on and on about the greedy, self entitled, and irrational people between the age of 17 and 29. The second paragraph is a prime example.
The boomer years are from 1946-1964 so just how many people do you want to retire? The youngest is only 34 and probably your boss. LOL
You need to check your math. If you were born in '64, you'd be 57. If you were born in '46, you'd be 65. I'm a boomer. I promise you--I haven't been in my 30s for a very long time.
Hmmm I live on my retirement, I pay BCBS a healthy amount every month and I'm stealing from you
And my years in the military doing what my country asked of me? That's not worth anything?
You whiners flat kill me.......
waaawaa
Were you forced to serve all those years or was it of your ow volition? Were you (at least) decently compensated or did you work for free?
Don't bring that up. It's immaterial.
We're talking in general here. Of course some boomers will be a net gain to society at their death. However, most will be a net loss when all is said and done. It's simple mathematics.
I don't blame any boomer individually. It's a generational delusion as a result of growing up in a great country at the peak of its military and economic power.
I worked and paid taxes for 50 years.....including SS for the previous generation. And I didn't complain. They earned it. And I surely didn't want to see them living on the street or eating cat food just to save a few bucks. And I also paid property taxes which paid for the education of the next generation. And I didn't complain. The previous generation had paid for my education so it was only right that I pass it on. But then I grew up in a generation that thought we all were in it together as Americans and we didn't look at our parents as the enemy but as our role models.
I could go on and on about the greedy, self entitled, and irrational people between the age of 17 and 29. The second paragraph is a prime example.
I agree that my generation may be entitled in certain ways BUT it's one thing to feel entitled and not get it and it's another to feel entitled and get what you want while taking from others.
I can assure you that my generation doesn't have average Joes graduating from HS and finding work with a single wage that supports a family and also provides a pension and generous health plan. Folks in my generation that do have an entitlement attitude don't make it past $15/hr (with no pension or health care). Folks in my generation will not be able to rack up 250k 401k's or 6k/month pensions by working middle of way jobs. They'll probably be living pay check to pay check at best.
All generations have an entitlement attitude to a certain degree but an entitlement attitude in and of itself is not dangerous. It becomes dangerous if that entitlement attitude is rewarded.
Last edited by wawaweewa; 01-03-2012 at 08:29 PM..
I worked and paid taxes for 50 years.....including SS for the previous generation. And I didn't complain. They earned it. And I surely didn't want to see them living on the street or eating cat food just to save a few bucks. And I also paid property taxes which paid for the education of the next generation. And I didn't complain. The previous generation had paid for my education so it was only right that I pass it on. But then I grew up in a generation that thought we all were in it together as Americans and we didn't look at our parents as the enemy but as our role models.
You want to be role models?
How about identifying one of the problems and taking a haircut on your entitlements so that future generation may bear a lighter burden. Not much but set an example. Maybe 10 cents on the dollar. Show that we're all in this together. lol You'll do 10% and my generation will be forced to do a multiple of that anyway. So be a role model. Let's get the ball rolling.
Instead, the politicians are so scared to tackle entitlement spending that we act as if there's nary a problem.
My generation is tackling the problem. We're taking huge standard of living cuts whether we like it or not. Standard of living cuts that were initiated by boomer ideology(free trade, offshoring, conglomerates, multi-nationals). Kind of ironic actually.
Where are the older generations doing their part?
Last edited by wawaweewa; 01-03-2012 at 08:32 PM..
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)... Every time I hear a story that begins with "I know this guy" or "someone I know knows this guy" I take the rest of it with a grain of salt.
