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re: Why do old people go to the default argument of $6 coffee when talking about affordability
Posted on 7/14/26 at 3:12 pm to JiminyCricket
Posted on 7/14/26 at 3:12 pm to JiminyCricket
quote:
But it isn’t a relatively small number of irresponsible people. Over 40% of all Boomers have ZERO saved for retirement.
That’s why that 40% isn’t retired. I’m early GenX and retired in December of last year before I turned 60. When I retired, my house was paid off and I had less than a year to finish paying off my truck. Come November I’ll be completely debt free with a retirement pension and a significant 457(b) account that I don’t plan to touch unless I have to.
1
Posted on 7/14/26 at 3:15 pm to wackatimesthree
quote:
, but you have me curious...I'd like to know in advance.
you won't be alive anyway
quote:
What's coming?
Well Trump already started some of it, IF Vance gets elected it will kick into a higher gear. you will see a total reshaping, tearing down of all institutions like entitlements, university system, public education system, healthcare system
Will be DOGE on steroids, regulations cut everywhere
Max energy policies of all kinds - nuclear, oil and gas, solar, wind
Lots of tarriffs and reshaping of trade deals
Will see family policies similar to Hungary's under Orban, will see very limited immigration and less interventionist foreign policy than what we are seeing currently
max deportations and crack down on Islamic infiltration
Will also see repeal of gay marriage and the outlawing of gay adoption and surrogacy
Also wouldn't be suprised if 17th ammendment was repealed
This post was edited on 7/14/26 at 3:17 pm
Posted on 7/14/26 at 3:22 pm to JiminyCricket
quote:AARP's 2024 survey found 1 in 5 Americans age 50 and older (youngest boomers were 60 in 2024) have zero retirement savings — that's 20%, not 40%. Further, those "zero savings" figures generally do not count pensions.
Over 40% of all Boomers have ZERO saved for retirement.
But none of that is really the point, is it? The point is transference of blame vs accepting responsibility, planning vs pining.
Posted on 7/14/26 at 4:15 pm to High C
quote:UV'd
This is another function of social media. “Why should I accept that life is difficult and full of struggles when I have a flood of commenters and “influencers” telling me that my struggles are really a previous generation’s fault.”
By accepting that, the effort to be successful is reduced due to feeling helpless. I think “helpless by choice” is pretty accurate in describing some of these finger pointers.
Posted on 7/14/26 at 4:17 pm to imjustafatkid
quote:
Because it's a wasteful expense. I would hope most people aren't buying $6 coffee frequently.
There's a (former) regular poster here who might even be older than a boomer who brags about getting starbucks 365 days a year.
Posted on 7/14/26 at 4:26 pm to JohnnyKilroy
quote:Relevance?
There's a (former) regular poster here who might even be older than a boomer who brags about getting starbucks 365 days a year.
Did this (former) poster continuously bitch about "unfairness" and "affordability"?
Posted on 7/14/26 at 4:28 pm to boogiewoogie1978
Muh high dollar coffee.
Posted on 7/14/26 at 4:37 pm to JohnnyKilroy
quote:
There's a (former) regular poster here who might even be older than a boomer who brags about getting starbucks 365 days a year.
And it's still stupid. Has nothing to do with age.
Posted on 7/14/26 at 4:49 pm to imjustafatkid
quote:Not necessarily.
And it's still stupid
If an 80y/o multimillionaire with a consistent annual ROI > than his expenditures loves to go to Starbucks, chat up the baristas, then sip his coffee and read the paper, it's not stupid.
If a 25y/o struggling to make rent does the same, stupid is not a strong enough word.
Posted on 7/14/26 at 5:52 pm to High C
quote:
That’s why that 40% isn’t retired.
………… that was my entire point. 40% of a generation being within striking distance of retirement age with no retirement money would seem to indicate some poor financial decisions in that demographic.
Also, just because you may have made great financial decisions doesn’t mean that the rest of your generation did too. That was my point.
This post was edited on 7/14/26 at 5:58 pm
Posted on 7/14/26 at 5:56 pm to NC_Tigah
Yahoo Finance
Btw, my initial point was not to say that younger generations don’t have spending problems, they do. My point was the look-down-their-nose boomers haven’t exactly knocked it out of the park in many cases either.
quote:
According to research by Vanguard, only 40% of baby boomers aged 61 to 65 are projected to retire successfully — meaning that more than half won't be able to maintain their current standard of living into retirement (1). By comparison, that number is 47% among Gen Z workers aged 24 to 28, who will make up the next wave of retirees.
Btw, my initial point was not to say that younger generations don’t have spending problems, they do. My point was the look-down-their-nose boomers haven’t exactly knocked it out of the park in many cases either.
Posted on 7/14/26 at 6:47 pm to JiminyCricket
quote:
According to research by Vanguard, only 40% of baby boomers aged 61 to 65 are projected to retire successfully — meaning that more than half won't be able to maintain their current standard of living into retirement (1). By comparison, that number is 47% among Gen Z workers aged 24 to 28, who will make up the next wave of retirees.
How has Vanguard projected the percentage of Gen Z workers that'll "retire successfully" thirty years before they begin to retire?
What would make this more useful is to know the percentages for the Silent generation and Greatest generation. It's possible, and maybe logical (?) - that with life getting better and easier for Americans over time (a fact), the percentage of retirees meeting Vanguards' definition of "successful retirement" increases.
Posted on 7/14/26 at 6:55 pm to Midtiger farm
quote:
Well Trump already started some of it, IF Vance gets elected it will kick into a higher gear. you will see a total reshaping, tearing down of all institutions like entitlements, university system, public education system, healthcare system
Will be DOGE on steroids, regulations cut everywhere
Max energy policies of all kinds - nuclear, oil and gas, solar, wind
Lots of tarriffs and reshaping of trade deals
Will see family policies similar to Hungary's under Orban, will see very limited immigration and less interventionist foreign policy than what we are seeing currently
max deportations and crack down on Islamic infiltration
Will also see repeal of gay marriage and the outlawing of gay adoption and surrogacy
Also wouldn't be suprised if 17th ammendment was repealed
You forgot the unicorns, faeries, and leprachauns.
Nick Fuentes is winding you up just to watch you go. You know that, right?
quote:
you won't be alive anyway
Unless I get hit by a bus or get cancer, yeah, I probably will.
Posted on 7/14/26 at 7:07 pm to Bjorn Cyborg
15 pages, SIAP
You can brew premium coffee in your own house for less than 25 cents a cup and it takes 5 minutes.
You can't brew beer at home like that, so the comparison is null.
Yes, I know you can brew beer at home but it's still pretty expensive, not easy, and takes more than five minutes.
You can brew premium coffee in your own house for less than 25 cents a cup and it takes 5 minutes.
You can't brew beer at home like that, so the comparison is null.
Yes, I know you can brew beer at home but it's still pretty expensive, not easy, and takes more than five minutes.
Posted on 7/14/26 at 8:17 pm to Bjorn Cyborg
quote:
Because it's something that didn't exist when they were young. It's actually a very good example, because it's something that is a completely unnecessary luxury.
Yea but how holy roller can you get about coffee if you were spending on a couple beers and a pack of cigs?
Things have certainly changed but I don’t think coffee is the breakdown of the average Americans finances compared to their parents
Posted on 7/14/26 at 10:16 pm to JiminyCricket
quote:
But it isn’t a relatively small number of irresponsible people. Over 40% of all Boomers have ZERO saved for retirement.
Even if that were actually the case (the data posted above shows that it is not), that would still be six percentage point below the national average.
quote:
At the household level, Federal Reserve data shows that nearly 46% of American households have no money saved in specific retirement accounts
This post was edited on 7/14/26 at 10:19 pm
Posted on 7/15/26 at 5:21 am to NoSaint
quote:When "people go to the default argument of $6 coffee when talking about affordability," it isn't because "coffee is the breakdown" of someone's finances. It is because stereotypically (a) that 'someone' is doing a selfie complaint video about how hard and unaffordable their life is, while (b) sipping a Tall Caffè Latte Signature with mocha drizzle in the driver's seat of a BMW 3-series.
I don’t think coffee is the breakdown of the average Americans finances compared to their parents
This post was edited on 7/15/26 at 5:23 am
Posted on 7/15/26 at 7:22 am to wackatimesthree
quote:
Nick Fuentes is winding you up just to watch you go. You know that, right?
I’ve never watched Fuentes in my life idiot
Also that comment let us all know where you stand on the political spectrum and it isn’t right of center
Posted on 7/15/26 at 8:12 am to boogiewoogie1978
15 pages on this nonsense indicates a lot of people have a lot of free time they do not know how to fill
Posted on 7/15/26 at 8:18 am to Midtiger farm
quote:
I’ve never watched Fuentes in my life idiot
bullshite.
You have a framed poster on the wall that you blow kisses at every day.
quote:
Also that comment let us all know where you stand on the political spectrum and it isn’t right of center
People have become so stupid about that these days that they think that tariffs are right of center and Trump investing public money into private corporations are "conservative" things to do. Your comments indicate that you are likely one of those people. So I really don't care whether I fall into the "Us" or "Them" category in your populist fairyland.
Also, your comments indicate that you are very likely an incel who sits around not only blaming everyone else for your failure in life, but seething and actively plotting revenge when the official Revenge of the Nerds apocalypse happens.
Which is why I know you're lying about Fuentes.
This post was edited on 7/15/26 at 8:21 am
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