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Started By
Message
re: Baby Boomers: The Entitled Generation?
Posted on 8/28/15 at 11:39 am to RandySavage
Posted on 8/28/15 at 11:39 am to RandySavage
quote:
Are you suggesting that he should just shrug his shoulders and say sure kid live in my basement til you're 30?
no
0
Posted on 8/28/15 at 11:39 am to SlowFlowPro
quote:
The scarier reality is the one they face in 10 years when they are forced to subsidize the lives of the boomers.
This seems to be a big point of contention with younger generations. I really don't blame them either. I felt like I was robbed when I saw this money being stolen out of my check for the first time...and every single time after that. This is one of the few opinions that have never changed since I was 16. Most of the rest of them have changed pretty dramatically.
Over the years that I've been signed up here, yours have too, SFP. 32 is a long way from 22 in the world of hard knocks.
I HATE SS. I'm 54. I say lets just do away with it. Now. But be fair when doing it. Just give me my money back and stop the theft. Cut me a check with interest and I'll be just fine. Just what was taken without my consent. Nothing more.
I'll be just fine.
Posted on 8/28/15 at 11:45 am to Lou Pai
quote:
Link? Food prices seem very low/stable to me.
reading things like this disagrees LINK
quote:
Nevertheless, food and energy prices have increased at a much quicker pace than core items. Food prices increased at nearly twice the rate of core inflation over the past year, rising 1.8 percent compared to the core inflation rate of 1 percent for the year ending in January.
But that's nothing compared to fuel costs. "The big culprit has been energy prices, which are up 7.3 percent" over the same time frame, says Hampel.
i didn't bring up energy b/c that is likely decreasing a little (while still almost assuredly getting more expensive than the CPI "inflation" rate). i understand there is volatility in the pricing that affects the ability of creating metrics, but that increase is still hitting consumers hard in reality.
quote:
Mortgages
for the few who have jobs and savings
quote:
Moderate inflation stimulates capital investment. It allows for cheaper borrowing and helps investors that are younger because they are more aggressive.
again this requires almost an "average man" standard because only those with good employment who have excess income to invest can participate. the changing paradigm for this generation is that these jobs are becoming fewer and fewer in number.
Posted on 8/28/15 at 11:48 am to MississippiLSUfan
quote:
Just give me my money back and stop the theft.
the problem is that there is little money to "give back" because it's a welfare program and not an investment/savings program
that's the big lie
if it weren't a lie, then we could end SS/Medicare today and the programs would be able to fund the current retirees (because they "paid into the system"). however, the system would collapse if the money of the young wasn't stolen from them, which displays how it's nothing more than any other welfare program. it just hides its nature better (and the welfare recipients who suck the system via this program vote more often)
Posted on 8/28/15 at 11:55 am to dawgfan24348
Couldn't agree more with your statement.
I'm a vet who went to college between deployments.
I have practical experience. Lots of it. Best management skills I learned were not taught in school...
if you can't deal with it.
I'm a vet who went to college between deployments.
I have practical experience. Lots of it. Best management skills I learned were not taught in school...
if you can't deal with it. 
Posted on 8/28/15 at 11:58 am to SlowFlowPro
Can't really respond right now other than to say that that link you posted seems off. Take a look at what's happened with corn, dairy, soy, etc. products as of late. Energy costs are impossible to account for in inflation, but you are right, they are down across the board and will continue to go lower for a while. Also, I share in your views about the effects of automation, but I hope we end up being wrong.
Posted on 8/28/15 at 11:59 am to SlowFlowPro
True. But that money was still taken from me. Am I wrong to want it back? It's a fricking legal pyramid scheme. It's not an entitlement or a welfare system at all. I actually was robbed because I worked. Others benefitted by that work. And now I read that im the problem.
SSDD.
SSDD.
Posted on 8/28/15 at 12:01 pm to MississippiLSUfan
quote:
Am I wrong to want it back? I
no
not at all
that's why it's an intractable problem
Posted on 8/28/15 at 12:28 pm to CajunSoldier225
quote:
Couldn't agree more with your statement.
I'm a vet who went to college between deployments.
I have practical experience. Lots of it. Best management skills I learned were not taught in school...
if you can't deal with it.
Reading this thread makes me think of my son. Sent him to college. Paid for all of it. Dorm. Supplies. Spending money. Tuition. Failed miserably. He hardly went to class. Him and his bros cut holes in the Sheetrock between dorm rooms to link up with Xbox and fight imaginary battles all night. Drank a lot of beer. Screwed a lot of girls.
I cut off the spigot. He came home. Did a month or so of staying up all night drinking in my den with same bros playing video games all night and sleeping all day.
Then he found himself with a little encouragement from my wife. Did no good for me to talk to him back then. He joined the military. Went to the ME and did his job there. Came back home and took classes at night while he was still serving. He got an honorable DC and continued to work menial jobs while finishing up his education on the G I Bill.
Then he moved to Baton Rouge when he finished up. He applied to several plants along the river. They actually tried to outbid each other to hire him. Bear in mind that his degree isn't anything special. Just a basic general Ed with a few extra classes in business and management.
He was exactly the prototype entry level employee that they all want. Ex-military, college educated, young (24 or 25 at the time).
Skip ahead a couple years to now. He makes almost as much as my wife and I combined. We are both critical care night RNs.
I guess my point is that there are paths out there. The outcome depends on the individual...just like it always has.
Posted on 8/28/15 at 12:55 pm to GreatLakesTiger24
quote:
An excuse for what?
The statistics back me up. Baby boomers fricked us financially and economically. It really isn't up for debate.
An excuse for lack of opportunity for an entire generation
It's all open for debate. You're intelligent enough to know that statistics are not always based on fact and they can be manipulated to support any position. I don't believe the Boomers fricked anyone. They acted in their own self interest, as every generation does when they are in control. We are all selfish bastards and no generation cares about the next except for their own offspring.
I want nothing but success from millenials because you'll be shaping the world for my kids.
Posted on 8/28/15 at 2:00 pm to MississippiLSUfan
Don't think I could do the plant work.
I received one bs and one masters degree enlisted as a medic now will use all of my gi bill whenever I get my occupational therapy degree and license.
Awesome to hear your son succeeding
I received one bs and one masters degree enlisted as a medic now will use all of my gi bill whenever I get my occupational therapy degree and license.
Awesome to hear your son succeeding
Posted on 8/28/15 at 2:27 pm to lsucoonass
You can. But thx for going into med. we need all of the good help that's out there. Be warned. The medical end of it is largely unappreciated and under compensated nowadays. Good luck. Im retiring soon.
I'll suck up all of the money from the younger generations in ten years or so...if I live that long. I smoke like a choo-choo train so I doubt it. In which case I say, YOUR WELCOME for over forty years of theft from my check to the OP.
Thank you for your service, young man and you'll do fine.
ETA: You're
I'll suck up all of the money from the younger generations in ten years or so...if I live that long. I smoke like a choo-choo train so I doubt it. In which case I say, YOUR WELCOME for over forty years of theft from my check to the OP.
Thank you for your service, young man and you'll do fine.
ETA: You're
This post was edited on 8/28/15 at 2:31 pm
Posted on 8/28/15 at 5:45 pm to MississippiLSUfan
That's awesome to hear your son did so well. Wish there were more success stories out there.
I stayed military and love it.
Nothing else quite as challenging but I know I'll start lower level in the civilian world then we're I'll leave the military at.
Doesn't bother me. Worked hard before and I'll do it again.
I stayed military and love it.
Nothing else quite as challenging but I know I'll start lower level in the civilian world then we're I'll leave the military at.
Doesn't bother me. Worked hard before and I'll do it again.
Posted on 8/28/15 at 6:04 pm to SlowFlowPro
quote:
quote:
There have been complaints in this thread of coming out of college and only making $50,000 a year.
that's a fair complaint given what boomers had
boomers didn't even have to go to college to get the equivalent jobs in the 70s. you got a fat union manufacturing job at 18 and rode off into the sunset
Son, I don't know where you got that idea, but you are just completely clueless and misinformed.
Go back to 1st grade.
LC
Posted on 8/28/15 at 6:25 pm to AUCE05
quote:
What's gonna really piss everyone born 1980 and later is when the Feds start dipping into that tax free 401k's to pay for the boomers who haven't saved. Heads will explode.
I'm guessing you never heard of the Free shite Army that the boomers have been paying for the last 20-25 years.
LC
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