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Message
re: Why do old people use the excuse "I'm on a fixed income?"
Posted on 9/23/14 at 3:59 am to Traffic Circle
Posted on 9/23/14 at 3:59 am to Traffic Circle
quote:
Traffic Circle
Obviously you are both upset AND ignorant about this PLUS you don't understand the psyche of the older generation.
1. Their "fixed income" is money coming in from SS and any other investments they may have. It is a "fixed" amount coming in monthly with very little % of increase per year.
2. When they went on that income (retirement) they usually took a cut.
3. SS even limits what they can make at a job should they decide to go back to work.
4. They come from an era when people took responsibility for themselves. They want to avoid running out of money if at all possible.
5. They come from a time when goods and services cost less. While the rate of inflation should balance this out it very hard for them to comprehend (see #1). It is really hard to pay $20 for something that cost $10 dollars 10 or 20 years ago .... and don't even get me started on that "tipping" shite. What started as a few % was "tipped" to the server that did a better than average job. NOW you S.O.B.s have jacked it up to %20 for the poorest service these servers can provide. THAT'S ASININE!!! I have a novel idea. How about letting the businesses pay their employees and we give the servers a few extra $s if we think they did a better than average job?!!? Maybe we could call that a "tip" .... and whaddaya know, grannies little "tip" is right back in what was normal back when she went on her "fixed income"!!
This post was edited on 9/23/14 at 4:31 am
1
Posted on 9/23/14 at 4:24 am to SmackoverHawg
quote:
I see dumbasses all the time "managing" their 401k's. They won't listen to those of us with a little knowledge. ?
I would say many with a little knowledge are "dumbasses." I manage 100% of my finances and do much better than the ones I've had over the years, "with a little knowledge."?
Posted on 9/23/14 at 4:34 am to SmackoverHawg
quote:
Basics of investing and economics should be REQUIRED in all schools.
As should Civics and a number of other courses ...
Posted on 9/23/14 at 5:02 am to Redbone
quote:
Obviously you are both upset AND ignorant about this PLUS you don't understand the psyche of the older generation.
I'll give you that I am ignorant, dumb even. But I am not upset about anything. Not even slightly.
And I'm part of the older generation. And, I am on a 'fixed income' as you describe. But I don't go around trying to beat people out of money by saying it. I tip well, pay full price, and pay what it's worth.
Nothing is quite as clear-cut as it seems. Maybe you are in the no tip, 'I'm on a fixed-income' crowd?'
This post was edited on 9/23/14 at 5:08 am
Posted on 9/23/14 at 5:06 am to Redbone
quote:
Extremely ignorant statement. Go learn what FICA is and then get back to us. Here is a little info to help you get a start, retired people (like myself) that are getting SS checks from the gov't ARE THE ONLY ONES THAT ACTUALLY PUT MONEY INTO THAT ACCOUNT! I am drawing what I paid while I was working. That is MY money I'm getting, a-hole.
Well it is only half of your money. Your employer matched it dollar for dollar always. I deduct 7.06% from my employees for FICA and pay 7.06% out of my pocket.
I pay 100% of all unemployment insurance. No employees pay into unemployment insurance at any time.
Posted on 9/23/14 at 5:09 am to Martini
I think it's possible to effective manage one's own retirement successfully with today's funds and planning tools.
Posted on 9/23/14 at 5:15 am to Traffic Circle
quote:
And I'm part of the older generation. And, I am on a 'fixed income' as you describe. But I don't go around trying to beat people out of money by saying it. I tip well, pay full price, and pay what it's worth. Nothing is quite as clear-cut as it seems. Maybe you are in the no tip, 'I'm on a fixed-income' crowd?'
I know more people who don't tip well, look for a bargain and can't see the wisdom in "you get what you pay for." none of them are old ladies or men on fixed incomes. They are younger than that, many make plenty of money and they are just in the "cheap fricks" crowd. You don't have to be old to be a cheap piece of shite. I see it on every one of these boards, many posters brag on scamming a free meal, a lousy tip because not enough ice in the tea, a free truck because the paperwork for fricked up etc...I don't think these are from the over-65 crowd.
Posted on 9/23/14 at 7:11 am to fishfighter
quote:
Guess Daddy is still paying your way thru life
Married with kids, dad's been dead since 2000, but thanks for your input.
Posted on 9/23/14 at 7:13 am to Traffic Circle
If you live long enough, you'll find out exactly what this means one day!
Posted on 9/23/14 at 7:17 am to Traffic Circle
It means their pension or social security is fixed per month and they are too old to work.
Posted on 9/23/14 at 7:45 am to Redbone
What about the younger crowd that are paying in on FICA and SS that won't receive it when they retire?
Posted on 9/23/14 at 7:49 am to SmackoverHawg
quote:
Can afford it? Don't buy it.
I'm old enough to remember when the economy was not built on credit cards, which, at one time, were VERY hard to acquire.
Posted on 9/23/14 at 8:01 am to Tchefuncte Tiger
My point, before I got off track, was why do older people expect special pricing and sympathy just because of their age? At what age does personal responsibility end? I have no problem with people living within their means and asking for discounts. I guess my ire is directed towards those that EXPECT or DEMAND some special treatment above and beyond what would be done for anyone else because of their age and fixed income. I'm not including older folks who are no longer or sharp mind. And many do not have kids to help them or make sure their affairs are being tended to wisely. The ones that piss me off are the recently retired that are totally able to go back to work if they needed to, but think the world owes them because of their age.
Posted on 9/23/14 at 8:03 am to Martini
quote:
Well it is only half of your money. Your employer matched it dollar for dollar always. I deduct 7.06% from my employees for FICA and pay 7.06% out of my pocket.
I pay 100% of all unemployment insurance. No employees pay into unemployment insurance at any time.
I see it a bit differently. That's ALL my money. If I didn't provide labor, that doesn't need to get paid. It's all part of the compensation I get for spending part of my limited resource of time trying to make us both some money. The little trick of making the employer "pay half" is just a way to tax the worker without the worker realizing it and helps keep the people in the cheap seats from coming at Washington with pitchforks. The fact is that without the labor being used, that employer doesn't pay those taxes, and those payments should rightfully be considered to be part of total employee compensation.
This post was edited on 9/23/14 at 8:05 am
Posted on 9/23/14 at 8:05 am to Tchefuncte Tiger
quote:
the economy was not built on credit cards, which, at one time, were VERY hard to acquire.
Should still be that way. That bubble will burst one of these days. Our economy is built on debt. People across the age spectrum seem to lack the "can't afford it? Don't buy it!" mentality. It's more "I deserve this" or "I have to have this". Sooner or later...debt has to be paid.
Posted on 9/23/14 at 8:05 am to TigerstuckinMS
What planet do you live on? 
Posted on 9/23/14 at 8:06 am to SmackoverHawg
I buy everything on credit cards, then pay them off each month. I rack up points on my cards
Posted on 9/23/14 at 8:07 am to Thib-a-doe Tiger
quote:
Why do old people use the excuse "I'm on a fixed income?"What about the younger crowd that are paying in on FICA and SS that won't receive it when they retire?
Older crowd don't care as long as they get theirs. Of course this is a generalization, but that's what we do on here.
Posted on 9/23/14 at 8:14 am to VetteGuy
quote:
What planet do you live on?
The planet where the total costs of hiring labor are the total costs of hiring labor, regardless of where those costs go. Whether the cost goes directly to labor or goes directly to government, the revenue to pay those costs must come from labor. Otherwise, no employer would hire someone and lose money every month because of all those mean old taxes they have to share in.
Would you say that if all the costs of my job were rolled up: insurance, salary, payroll taxes, etc. and in total cost a business owner $110,000 a year but he only earned $100,000 off of my labor, I'd still have a job?
No, because that's stupid. If my labor doesn't produce enough for my employer to pay ALL of the costs related to my job with some left over for his profit, I don't have a job, or I make less money to bring the costs down in line with what I produce (assuming I produce enough at that level to keep my job). That's what my notion that all the employer's costs related to my employment come out of MY money means.
EDIT: Also, I thought this was a money board discussion and not on the OT, so um, you're all fricking stupid and I banged your mom.
This post was edited on 9/23/14 at 8:20 am
Posted on 9/23/14 at 8:19 am to TigerstuckinMS
Good argument and you make salient points, but it still isn't "your" money.
Long after you've left employment, ownership is still suffering employee expense, especially in terms of higher taxes due to unemplyment compensation. Obama's "99 weeks" is a perfect example of this, but I digress.
You contribute, but we write checks you never see. I'll give you props for at least being aware of them; most employees are clueless.
Long after you've left employment, ownership is still suffering employee expense, especially in terms of higher taxes due to unemplyment compensation. Obama's "99 weeks" is a perfect example of this, but I digress.
You contribute, but we write checks you never see. I'll give you props for at least being aware of them; most employees are clueless.
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