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Certainly not a new topic, but the latest article on the sobering reality facing many older Americans and those about to join that demographic in the future.
Our country doesn't value old age, instead it considers them washed up and left to fend for themselves in favor of youth.
The second part of that sentence should be... "if I can get a job." Age discrimination is rampant if you are over 50. HR people admit they discriminate but you cannot sue for age discrimination unless you have very deep pockets. There should be class action lawsuits.
What about the engineers getting laid off at 62? There is a lot of that going on in my neighborhood?
Taking a 2nd job may be ok. Better be a good one because you will be paying 38% income tax on your social security 'benefit'.
If most seniors had the money taken out of their checks plus the employer share for their whole working life, it would be throwing off more than their monthly check amount from the social security administration..
How long have you known this guy? How do you know he didn't do the best he could. Not everyone was born into privilege and not everyone is overpaid. And if everyone " got more education" then MORE would be skilled and suddenly your overpaid job doesn't overpay you anymore. Try actually earning your pay before spouting platitudes!
Not to mention, one bout of health issues common to the elderly can easily wipe out their whole life savings regardless.
The geometric explosion in housing costs over the last few years has pulled the rug out from under many millions who had plans that were quite reasonable for most of their lifetimes. The "rules" of the game have seismically changed late in life for these folks, and I'm among them. And not just because of where I currently live. I have a unique housing situation that is way below market. But if I were to fully retire, I would struggle in Boise as well....and in most other areas across the country where anyone in their right mind would want to live.
So, yes, this "work until I die" scenario is very much the new reality for a large portion of us. Not what we had in mind 10, or even 5, years ago.
full "retirement" is an idea only a couple of generations old. It was based on a the temporary condition of the US being the only prominent industrial power after WWII.
Everywhere else in the world, and in all the world of prior history, if anyone was able to fully retire, it was because he was living with his children.
So the US is being forced back into the reality the rest of the world has always known.
Last edited by Ralph_Kirk; 09-30-2017 at 04:01 PM..
The elderly tend to vote Republican. They brought it on themselves.
Part of the issue is the zero-interest rate policies of Janet Yellen she was nominated by Obama.
They claim there is little inflation, to hold interest rates down so they can take on huge amounts of debt, so they can continue to run those huge budget deficits Obama liked so much.
Because of her zero-interest rate policies and bogus claims of no inflation, senior citizens have felt effects far more than other groups.
Democratic cities also have tremendous property taxes, sales taxes and property taxes. The Democrats like to price elderly out of homes with high property taxes.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by lovecrowds
Part of the issue is the zero-interest rate policies of Janet Yellen she was nominated by Obama.
They claim there is little inflation, to hold interest rates down so they can take on huge amounts of debt, so they can continue to run those huge budget deficits Obama liked so much.
Because of her zero-interest rate policies and bogus claims of no inflation, senior citizens have felt effects far more than other groups.
Democratic cities also have tremendous property taxes, sales taxes and property taxes. The Democrats like to price elderly out of homes with high property taxes.
Perhaps the elderly, who no longer have kids at home, should sell their homes and downsize to a Condo, or move to a retirement community. Might alleviate some pressure on the housing market for families...
that because once they hit forty they relies the democratic wasn't going do anything for you
fake.
the real reason is that as people age a large percentage wish to maintain the status quo rather than introduce new risk.
Take some time , look it up , learn .
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