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re: Cost of living an inflation is bad, so why do people keep doing useless things
Posted on 5/15/24 at 7:14 am to Delacroix22
Posted on 5/15/24 at 7:14 am to Delacroix22
quote:
Every generation before was comfortable enough to tithe away savings to retire at say 60-65.
Every generation?
Social security was started in 1935. Less than 100 years ago.
Pensions started in the late 1800s to about 1920.
Retirement as a concept has not been around that long.
Of course, people had much shorter lives back then as well.
1
Posted on 5/15/24 at 7:23 am to tdme
Yeah, these guys do what they say “ Boomers” do. They minimize the other guy’s pain and maximize their own.
Also the perception that great employment was everywhere for college graduates in 1982 or 1973 is pretty funny. College graduates from State college USA ( I’m not talking about the credentialed class or professionals) have always struggled in poverty after graduation. Like me from 1989- 1999. It’s just that we believed in the system, in the concept of upward mobility, and we were proven right. This generation believes they will not have upward mobility and that it’s rigged against them. I personally think they may be right. They ARE inheriting an inherently phony and rotten financial culture that feels more like a grift above them than a path to success that is being passed down to them.
Also the perception that great employment was everywhere for college graduates in 1982 or 1973 is pretty funny. College graduates from State college USA ( I’m not talking about the credentialed class or professionals) have always struggled in poverty after graduation. Like me from 1989- 1999. It’s just that we believed in the system, in the concept of upward mobility, and we were proven right. This generation believes they will not have upward mobility and that it’s rigged against them. I personally think they may be right. They ARE inheriting an inherently phony and rotten financial culture that feels more like a grift above them than a path to success that is being passed down to them.
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