- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Retiring Baby boomers increasingly saying they will need money from their children
Posted on 6/6/18 at 11:39 am to baldona
Posted on 6/6/18 at 11:39 am to baldona
You have to take into account what life expectancy was in the 20's, 30's etc I think. "Retirement" during the genesis of SS was extrapolated using then current data. LE today isn't even close to what it was then. 20 years difference.
0
Posted on 6/6/18 at 11:40 am to SabiDojo
quote:
Why wouldn't you take care of your parents in their later years?
i think this is more like mid-50s to late 60s when they're still capable of doing it themselves they've just financed a life they can no longer afford and need their kids to pay for it. i don't think it's a "i'm unable to support myself and need help in my final years" scenario
Posted on 6/6/18 at 11:41 am to SlowFlowPro
quote:
and the debt they accumulated on that wealth
What debt? Personal or national? Because if you say national, we have some war/conflicts to discuss.
Posted on 6/6/18 at 11:42 am to weagle99
As much as it pains me to say, it is sad what my generation is leaving behind. I started at the bottom level of my career, made the sacrifices needed at the time, worked hard and lived within my income. After putting two kids through college & weddings, I was still able to retire early with no worries. I won't be a burden on the system and my kids will be left with enough to put away for their future.
The "live for today, don't worry about tomorrow" ideology has put a lot of seniors in the position they are in today. They were warned, they ignored it and thought it would happen to somebody else. It's hard to feel bad for them when they were eating steak and I was eating beanie weenies.
The "live for today, don't worry about tomorrow" ideology has put a lot of seniors in the position they are in today. They were warned, they ignored it and thought it would happen to somebody else. It's hard to feel bad for them when they were eating steak and I was eating beanie weenies.
Posted on 6/6/18 at 11:43 am to SlowFlowPro
quote:
i moved out of my old place when she moved to live in her house in LC and i'm basically doing a long renovation so we can hopefully sell it in a year or so while housing is still peaking here. it's frustrating at times b/c it's an old house and needs lots of work but it's family and we're basically all in it together as a family, just like we always have been. ultimately it's 1/3 mine so i'm investing in my future property.
It’s funny how family units are almost communist in the way they support each other
Posted on 6/6/18 at 11:43 am to fallguy_1978
quote:
Me and my 2 siblings are all successful GenX'ers
I do quite well, too....I'm talking in the generalities required to describe generations. We've had it MUCH tougher than our parents had it.
Posted on 6/6/18 at 11:43 am to Sao
quote:
What debt? Personal or national? Because if you say national, we have some war/conflicts to discuss.
personal. the people in the article are living beyond their means and are leveraged to the hilt
Posted on 6/6/18 at 11:44 am to weagle99
Well at least they'll get money from paying into SS
Posted on 6/6/18 at 11:45 am to SlowFlowPro
Ok, so what? They fricked up. We all know people of every single age range who do it.
What's the issue?
Posted on 6/6/18 at 11:45 am to SlowFlowPro
I am on the tail end of the boomer gen and didn’t have to depend on parents nor will we depend on our kids. My parents were very frugal and had everything paid for and a decent savings/investment plan until they both passed away.
I am amazed though st the numbers of boomers that can’t say they are ok and planned poorly throughout adulthood.
I think having parents that made sure we understood responsibility and the meaning of planning went a long way in our success.
I am amazed though st the numbers of boomers that can’t say they are ok and planned poorly throughout adulthood.
I think having parents that made sure we understood responsibility and the meaning of planning went a long way in our success.
Posted on 6/6/18 at 11:46 am to SlowFlowPro
quote:
personal. the people in the article are living beyond their means and are leveraged to the hilt
So is our government...and, despite the Boomery excuse, it ain't because of wars.
Posted on 6/6/18 at 11:48 am to Dire Wolf
quote:
It’s funny how family units are almost communist in the way they support each other
it's not that funny. it's biology
Milton Friedman clip
quote:
Milton Friedman: I beg your pardon, I’m afraid I don’t know the family you come from, but as you grow up you will discover that this is really a family society and not an individual society. We tend to talk about an individualist society, but it really isn’t. It’s a family society. And the greatest incentives of all, the incentives that have really driven people on, have largely been the incentives of family creation, of establishing their families on a decent system. What is the effect of a 100 percent inheritance tax? The effect of a 100 percent inheritance tax is to encourage people to dissipate their wealth in high living.
i can quote some Gad Saad on why we prefer family from evolutionary reasons, if you want
it's not "communism" to protect your family
Posted on 6/6/18 at 11:49 am to Sao
quote:
Ok, so what? They fricked up
i was responding to this comment
quote:
you stand to take in their wealth.
if they "fricked up", as you put it, they don't stand to inherit shite, and your false dichotomy dissolves into unicorn farts
Posted on 6/6/18 at 11:50 am to mmmmmbeeer
You guys don't understand how we got to where we are. I mean, in the 50's we were just starting nationwide interstate construction. During war. During, at that point, mechanical and technology progress never seen before.
You think everything before 1990 was the dust bowl?
You think everything before 1990 was the dust bowl?
This post was edited on 6/6/18 at 11:51 am
Posted on 6/6/18 at 11:51 am to weagle99
That's probably because they wasted all their money getting their kids out of financial trouble.
Posted on 6/6/18 at 11:51 am to weagle99
quote:Does this mean 10 respondents instead of 5 are saying this?
Twice as many now say they may have to rely on children or family to support them financially.
Posted on 6/6/18 at 11:54 am to SlowFlowPro
quote:
if they "fricked up", as you put it, they don't stand to inherit shite, and your false dichotomy dissolves into unicorn farts
Slow, that's not generational, that's individual. Kids today may not get anything from their Pop born in 1986. Or whenever. How on Earth is this such a broad swath? 
Posted on 6/6/18 at 11:56 am to Sao
quote:
If it was allll milk and honey for the Boomers, you stand to take in their wealth. You inherit their land. Their homes bought so cheaply.
Lol, their reverse mortgages say hello.
Posted on 6/6/18 at 11:57 am to dbeck
And so are the home equity loans of 37 year olds. It's all the same! Poor planning ISN'T generational. It's individual.
Posted on 6/6/18 at 12:03 pm to weagle99
I couldn’t think of a more fitting end for the shittiest generation in American history.
Birthed the entire free love movement, taking consequences out of having sex with random people. Then saying it’s ok to murder said consequence of having sex.
Complete disregard for American traditions and culture. Completely disregarded any notion of monetary responsibility and are costing future generations big time for it. Their generation is the cause of the social security well to dry up because they believed they were owed something and refused to save their money.
Their lack of work ethic and free living in their early adult years caused a slow in American innovation and caused them to have no money saved.
Their complete disregard for marriage made numerous broken homes and kids to not have fathers.
Now they are pushing their own shitty agenda onto my generation and the generation before mine in the education realm and are pushing the emasculation of men on this society.
frick baby boomers.
Birthed the entire free love movement, taking consequences out of having sex with random people. Then saying it’s ok to murder said consequence of having sex.
Complete disregard for American traditions and culture. Completely disregarded any notion of monetary responsibility and are costing future generations big time for it. Their generation is the cause of the social security well to dry up because they believed they were owed something and refused to save their money.
Their lack of work ethic and free living in their early adult years caused a slow in American innovation and caused them to have no money saved.
Their complete disregard for marriage made numerous broken homes and kids to not have fathers.
Now they are pushing their own shitty agenda onto my generation and the generation before mine in the education realm and are pushing the emasculation of men on this society.
frick baby boomers.
Page 4 of 6
Back to top
Follow TigerDroppings for LSU Football News