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re: Here's How 24% of Baby Boomers Are Solving Their Retirement Crisis
Posted on 12/29/17 at 2:56 pm to Drunken Crawfish
Posted on 12/29/17 at 2:56 pm to Drunken Crawfish
I think the pay around $10 an hour
0
Posted on 12/29/17 at 2:57 pm to Drunken Crawfish
Yeah, high school kids aren't going to take a job like that seriously
Posted on 12/29/17 at 3:37 pm to Tiger n Miami AU83
quote:Generation ME put Obama in office he he rang up 10,000,000,000,000.00 in debt in 8 years. Trump "might", or might not, ring up 2T and its the Boomers fault!!!
The boomers voted in mass for Trump and republicans. They were rewarded with a tax cut that means a lot to corps and the wealthy that will also result in probably $2 trillion more in debt
Posted on 12/29/17 at 3:43 pm to Drunken Crawfish
quote:
Yep, right on up to that $11.27/hr assistant manager position
I'd say Store Manager would be the position to aim for. You get out of work what you put in.
Wife has a relative who worked two jobs at Sonic while going to school, she's now a regional mgr making decent money.
Posted on 12/29/17 at 3:47 pm to mtntiger
quote:
The last time we met with our financial adviser
If you want to get better at saving for retirement, ditch the financial advisor and start investing the money you're currently paying him.
Posted on 12/29/17 at 4:35 pm to RogerTheShrubber
quote:
It's typical. Hiring, even at a good wage is a crap shoot. Kids today are nothing like they were 20 years ago.
This shite is hilarious. Every generation has said this about kids since the beginning of time, mostly because every generation forgets how they were at 20.
Posted on 12/29/17 at 4:36 pm to Muthsera
quote:
If you want to get better at saving for retirement, ditch the financial advisor and start investing the money you're currently paying him.
Or you can keep him and make sure he works for the money. Both are perfectly adequate solutions.
Posted on 12/29/17 at 4:37 pm to RogerTheShrubber
quote:work 15 years to have a chance at a livable income ... hard pass
I'd say Store Manager would be the position to aim for. You get out of work what you put in.
Posted on 12/29/17 at 4:42 pm to GreatLakesTiger24
Roger is out of touch on most of his points about millennials, but he's right about putting in the work early. Consider a place like Enterprise - you can easily become a regional manager in 5 years, but most people don't want to put up with the bullshite for 6-12 months. That's true regardless of the generation.
Posted on 12/29/17 at 4:48 pm to slackster
That doesn't really apply to the grocery world though. There might be 3-4 decent paying jobs in a store, and they've been there for a long time. It's a terrible career path and there's a reason they have staffing issues.
Posted on 12/29/17 at 4:50 pm to Bunk Moreland
quote:
I'm actually a bit surprised by this as I would have thought that of all the generations with money saved up, this would be the one.
Gen X will be by far the most responsible generation we've had when it comes to retirement.
Posted on 12/29/17 at 4:57 pm to Lacour
quote:
To all be so conservative and hate the government, they sure do demand the government take care of them now
Muh medicare. Muh social security.
Yeah apparently your dumbass doesn’t know how it works.
Posted on 12/29/17 at 5:01 pm to Crow Pie
I remember double digit inflation rates, mortgage interest rates (spiking near 15%), and unemployment numbers paired with much higher income tax rates and stagnant wages during most of the 70s , but some millenials will crow how folks coming of age then were walking in tall cotton, and screwed it up.
They've dealt with 4% mortgages, 3% inflation, etc. for the past 20 years or so. Had the winds at their backs for most of their adult lives. I will grant a pass on the years 2000 and 2009.
ETA: I am a gen Xer--- barely.
They've dealt with 4% mortgages, 3% inflation, etc. for the past 20 years or so. Had the winds at their backs for most of their adult lives. I will grant a pass on the years 2000 and 2009.
ETA: I am a gen Xer--- barely.
This post was edited on 12/29/17 at 5:18 pm
Posted on 12/29/17 at 5:18 pm to TigerCoon
quote:
They've dealt with 4% mortgages, 3% inflation, etc. for the past 20 years or so. Had the winds at their backs for most of their adult lives. I will grant a pass on the years 2000 and 2009.
The also dealt with unglodly increases in education costs.
70's might not have been great, but the 60s, 80s, 90s, and 00s were by and large incredible.
Boomers grew up when a summer time job or part time school year job covered a large part of their schooling and living expenses.
You know what a 10/hour full time job get's you these days? Rent, with roomates and maybe your basic utilities.
That doesn't buy you food, insurance, gas, books, tuition, cell phone, etc etc etc.
Certainly doesn't buy you booze, eating with friends, or doing anything social.
Posted on 12/29/17 at 5:27 pm to JohnnyKilroy
Lots of truth in what you say, and I don't disagree with some of your points. There's a flip side on the education part.
It was harder to get into college in the 70s. Folks who made it earned it. Grade inflation wasn't really a "thing" yet. C's were average, and that's what average students got. For the past couple of decades or so, if mama's little angel gets a C, she's in the principal's office. Plus, entrance exams were WAY more challenging then. I guess it is part of the newish idea that everyone should at least try to go to college. That's just not true, then or now, but fewer folks qualified or went to college then. Maybe that influx of mediocre students had something to do with skyrocketing costs. Think so?
Regarding the 80s, 90s and 00s, maybe the boomers had something to do with them being "great". (The 00s weren't THAT great). Did they wreck it all for millenials? Come on, now. That is silliness.
Regarding folks who didn't plan for retirement from any generation, shame on them.
Please don't get me wrong - I was being a little facetious in my first post. No generation had an easy ride, and stereotypes are usually stupid. I was just presenting some points that weren't dropped yet in this thread.
It was harder to get into college in the 70s. Folks who made it earned it. Grade inflation wasn't really a "thing" yet. C's were average, and that's what average students got. For the past couple of decades or so, if mama's little angel gets a C, she's in the principal's office. Plus, entrance exams were WAY more challenging then. I guess it is part of the newish idea that everyone should at least try to go to college. That's just not true, then or now, but fewer folks qualified or went to college then. Maybe that influx of mediocre students had something to do with skyrocketing costs. Think so?
Regarding the 80s, 90s and 00s, maybe the boomers had something to do with them being "great". (The 00s weren't THAT great). Did they wreck it all for millenials? Come on, now. That is silliness.
Regarding folks who didn't plan for retirement from any generation, shame on them.
Please don't get me wrong - I was being a little facetious in my first post. No generation had an easy ride, and stereotypes are usually stupid. I was just presenting some points that weren't dropped yet in this thread.
This post was edited on 12/29/17 at 5:54 pm
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