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Started By
Message
re: The amount of old people I see working menial jobs these days is way too high
Posted on 2/27/23 at 9:07 am to GetCocky11
Posted on 2/27/23 at 9:07 am to GetCocky11
Ok, so you start off with a plan, and then life happens.
0
Posted on 2/27/23 at 9:08 am to GetCocky11
My old bus driver from elementary drove buses for over 40 years and worked on lawnmowers on the weekends for extra cash. You would think after 40 years, you could retire and enjoy the rest of your life.
Nope.
He and his wife(who never worked) wanted the best of the best and splurged every chance they got. He ended up working at Wal-Mart to supplement his income and turned into a mean old bastard. They didn't have any kids either.
Nope.
He and his wife(who never worked) wanted the best of the best and splurged every chance they got. He ended up working at Wal-Mart to supplement his income and turned into a mean old bastard. They didn't have any kids either.
Posted on 2/27/23 at 9:09 am to bad93ex
It’s incredible how presumptuous so many posters are lol
You can definitely tell what age group lots of people fall into in this thread
You can definitely tell what age group lots of people fall into in this thread
Posted on 2/27/23 at 9:10 am to Toptigerfan86
quote:
They may have a lot more money than you
Statistically we know that they do not, on average. Half of all 65-74 year olds have LESS than 266k NW.
Posted on 2/27/23 at 9:12 am to GetCocky11
My dad is retired but now delivers pizzas because it is an easy job and gives him something to do. He loves it. Gets him out of the house for a bit and a little cash in his pocket. They wanted to make him a manager but he told them hell naw. I figure when I retire I might like working at a golf course or something.
Posted on 2/27/23 at 9:12 am to bad93ex
quote:
They're getting out of the house and have the opportunity to meet new people and see new places in their area.
When is the last time you spoke to your food delivery driver for more than 10 seconds? I don't think I ever have. 95% of the time I do not interact with them at all.
Posted on 2/27/23 at 9:12 am to Sweep Da Leg
quote:
Brandon and his handlers happened
This phenomenon didn't begin in the last 2 years.
Posted on 2/27/23 at 9:13 am to JohnnyKilroy
quote:
When is the last time you spoke to your food delivery driver for more than 10 seconds? I don't think I ever have. 95% of the time I do not interact with them at all.
They're clearly below you so I could see why you wouldn't talk with them.
Posted on 2/27/23 at 9:13 am to JohnnyKilroy
They might though
Are these people taking a job from you or something?
Are these people taking a job from you or something?
Posted on 2/27/23 at 9:14 am to rd280z
quote:
Inflation is royally screwing the older people on fixed incomes.
Here is the answer. If the savings, pensions and social security did not account for this massive jump in the cost of everything (probably most did not) then tough choices have to be made. Some of this had to do with timing of their retirement. 4 years ago, pre-covid nonsense it seemed most of recent retirees thought their nest eggs would grow and the rates they had gotten use to. Never mind the underlying structural problems of a financial system addicted to free government cash flows. This downturn should have happened in 2008 but the too big to fail mantra brought us this free cash infusions. This only delayed the inevitable which is where we are today. Now back to the timing….if you retired right before or during the covid era your finances could be in jeopardy if you were assuming you were going to pull from your savings to live. This works if you have large cash reserves to withstand a multi year downturn. If not your burn rate on cash and savings is very strong right now especially on a fixed income. If you retired many years ago and you enjoyed great returns then you may have the time and savings to withstand this. Either way this time we live in will alter retirement plans for years to come. Get use to seeing the older generation having to work.
Posted on 2/27/23 at 9:14 am to bad93ex
quote:
you don't make shite for money but the mileage write-off pays off huge for tax season.
quote:
pays off huge for tax season
Wearing out your car and making no money to own Uncle Sam!
Brilliant!
Posted on 2/27/23 at 9:14 am to GetCocky11
All the olds that work at Publix say they do it for the benefits and to get out of the house.
Same for toll booth workers.
This is all according to my grandfather who hits on all the older women at these places.
Same for toll booth workers.
This is all according to my grandfather who hits on all the older women at these places.
This post was edited on 2/27/23 at 9:15 am
Posted on 2/27/23 at 9:15 am to OldSouth
quote:
Every time I see one, I say a prayer that I’m not still working at that age.
Let me turn the light bulb on for you.
These old farts worked jobs like you and were comfortable. As they aged recent inflation has forced many back to work. You don't get medicare until youre 65 so how would one get health insurance at a reasonable rate? As for door dash jobs...a little side money doesn't hurt anyone.
Nice of you to trash a segment of people to make yourself proud. Have a nice day, ignoramus.
Posted on 2/27/23 at 9:16 am to madamsquirrel
quote:
Same things that happen to young people- refuse to buy a smaller house, refuse to drive older cars, taking care of kids/grandkids, unexpected big medical bills, etc.
This. Consumption lifestyle. Live paycheck to paycheck driving a suburban and f250, big house mortgage and you're bagging groceries in your 70's.
Posted on 2/27/23 at 9:17 am to GeauxxxTigers23
quote:and grandchildren
They’re still feeding their 30 year old children living at home.
Posted on 2/27/23 at 9:18 am to jclem11
quote:
Wearing out your car and making no money to own Uncle Sam!
Definitely not a good idea to use your nice vehicles for this line of work but for retirees who are pulling money out of their pre-tax investments it would be very beneficial since it would reduce their taxable income hit (401k and Trad IRA,) I am sure you knew that though.
Posted on 2/27/23 at 9:20 am to Motownsix
Think about this ....
In the middle 50's a single wage earner could support
(1) spouse
(2-3) kids
(1) house, furnished, with a yard
(2) cars
(2) pets
(1) club membership - say for golf
(2) social memberships - say Elks and Shriners
Since then the cost of living has been creeping up but minimum wage has been relatively flat compared to the actual cost of living. Every time they raise minimum wage, they raise the cost of living by more so your wages actually buy less.
On the flip side we have stopped saving and let debt mount. If interest rates continue to rise we are heading toward a Prefect Storm
In the middle 50's a single wage earner could support
(1) spouse
(2-3) kids
(1) house, furnished, with a yard
(2) cars
(2) pets
(1) club membership - say for golf
(2) social memberships - say Elks and Shriners
Since then the cost of living has been creeping up but minimum wage has been relatively flat compared to the actual cost of living. Every time they raise minimum wage, they raise the cost of living by more so your wages actually buy less.
On the flip side we have stopped saving and let debt mount. If interest rates continue to rise we are heading toward a Prefect Storm
Posted on 2/27/23 at 9:20 am to GetCocky11
My mom didn't enjoy being retired. She found something to do until her health essentially forced her to stop. My dad retired as soon as he was able to and never looked back.
Posted on 2/27/23 at 9:22 am to JohnnyKilroy
quote:
For all the "just getting out of the house at ~65" people: have they never heard of golf? Tennis? Hiking a trail?
Our CEO is in his 70s. Has TONS of money. Has zero hobbies and no interest in gaining any. Does NOT golf, play tennis, fish, hunt, hike, work on old cars, etc. Goes to the gym every day for 2 hours. That's his hobby. Takes a vacation about every 2-3 years. Can't stand his wife.
He will be carried out of here on a stretcher. Our office is his social outlet.
Posted on 2/27/23 at 9:23 am to biscuitsngravy
quote:Yep.
This. Consumption lifestyle. Live paycheck to paycheck driving a suburban and f250, big house mortgage and you're bagging groceries in your 70's.
Scruffy will never understand that mindset, especially when the cheaper options have all the same amenities nowadays.
Every car has the same important offerings for the most part. Air conditioning, heater, airbags, seatbelts, cruise control, radio, etc.
Why do I need the Toyota Tacoma or Tundra when I can purchase the GMC Canyon for $20k less? Why do you need the Porsche or BMW? If you can afford it without any issues, go ahead, but so many people make purchases without thinking beyond the moment and they do not have the money to spare.
Why do you want the $1000 car note?
Why do you want the 4 bedroom, 3 bath house when you have no kids and there is a perfectly reasonable option for 100s of thousands less that offers the same amenities?
Same goes for clothes and other items.
Got to one up the Joneses, Scruffy guesses.
This post was edited on 2/27/23 at 9:26 am
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