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65% of Americans have little or nothing saved for retirement (link)
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Date: March 16th, 2018 11:19 AM Author: Outnumbered violent kitty cat orchestra pit https://www.cnbc.com/2018/03/15/bankrate-65-percent-of-americans-save-little-or-nothing.html
The boomers will quickly boom through their meager retirement savings. They will then leech younger generations (even more) through higher income taxes or taxes on our retirement savings.
XO Poll: how are your parents doing with retirement savings? |
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Date: March 16th, 2018 11:23 AM Author: Motley bisexual gunner for most of these studies, they use erroneous processes such as polling 1,000 people who live in ghettos.
according to other studies, the average millennial has $100,000 in savings. |
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Date: March 16th, 2018 11:24 AM Author: Provocative national there is no fucking way the avg milennnial has that much saved (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619021) |
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Date: March 17th, 2018 9:44 AM Author: impressive regret (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35625229) |
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Date: March 16th, 2018 11:25 AM Author: Outnumbered violent kitty cat orchestra pit More concerned with Boomers, but ljl @ the average millenial having that much saved. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619025) |
Date: March 16th, 2018 11:19 AM Author: titillating salmon incel my mom retired 2 years ago with only a $2000 CD to her name. not flame (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35618986) |
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Date: March 16th, 2018 11:21 AM Author: Outnumbered violent kitty cat orchestra pit Wtf does she live on?
Own home? Pension? |
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Date: March 16th, 2018 11:21 AM Author: titillating salmon incel SS
she only "owns" a car and she lives in my brother's house |
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Date: March 16th, 2018 11:24 AM Author: Outnumbered violent kitty cat orchestra pit Good on your brother. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619018) |
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Date: March 16th, 2018 11:25 AM Author: titillating salmon incel yes, thank god for him. she would go crazy with my other brother, my sister doesnt have the means, and im overseas (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619030) |
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Date: March 16th, 2018 11:26 AM Author: Outnumbered violent kitty cat orchestra pit Do you help contribute at all? (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619035) |
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Date: March 16th, 2018 12:18 PM Author: titillating salmon incel not yet, man (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619329) |
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Date: March 16th, 2018 12:20 PM Author: Low-t Coiffed Piazza My parents retired in their early 60s with only about $100,000 in savings.
But the combination of their pensions and early Social Security fully replaced their working income. |
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Date: March 16th, 2018 6:44 PM Author: fragrant love of her life im calling not flame fucking boomers and their fucking pensions they grew up teaching our generation to leave a better world for future generations |
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Date: March 16th, 2018 11:23 AM Author: Drunken soul-stirring mood indian lodge My parents collect SS and have about $650k in retirement accounts. They have a house worth about $850k which is fully paid off. They live pretty frugally and believe strongly in passing on wealth. I actually tell them to spend a little more to enjoy themselves. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619013) |
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Date: March 16th, 2018 11:25 AM Author: Outnumbered violent kitty cat orchestra pit Good for them, they are doing well. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619028) |
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Date: March 16th, 2018 11:27 AM Author: aromatic effete organic girlfriend Dear God tell them inheritance is flame and to live a little (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619039) |
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Date: March 16th, 2018 11:33 AM Author: Mind-boggling theater idea he suggested (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619089) |
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Date: March 16th, 2018 11:24 AM Author: Mind-boggling theater idea he suggested My parents own their own home and cars outright and SS covers their monthly bills. It's more than enough in are country. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619023) |
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Date: March 16th, 2018 11:26 AM Author: Outnumbered violent kitty cat orchestra pit Holy shit, is SS really enough if you have no other expenses than food? (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619031) |
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Date: March 16th, 2018 11:31 AM Author: soggy fuchsia theater stage Ofcourse it is. If you haven't noticed XO is either retarded or flame (or both) about money. "Wah wahh... we make 450k HHI and can't afford a house" is utter garbage talk. Much of this country lives on 59K HHI and does just fine. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619071) |
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Date: March 16th, 2018 11:31 AM Author: Mind-boggling theater idea he suggested I mean, basically? They do have other money that they can use if they feel like it, but their bills are basically non-existent. They've also had decades to accumulate all the shit they want, they're not interested in traveling, what else would they even spend money on at this point? (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619078) |
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Date: March 16th, 2018 11:33 AM Author: razzle-dazzle factory reset button impending crippling medical and longterm care bills (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619093) |
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Date: March 16th, 2018 12:26 PM Author: Outnumbered violent kitty cat orchestra pit Ths is what I was thinking (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619381) |
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Date: March 17th, 2018 9:35 AM Author: Charismatic Henna School Of course. SS is not a bad system at all because it's based off the incomes of current workers. XO may not LIKE that setup but it does, in fact, work for it what it is. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35625186) |
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Date: March 17th, 2018 9:40 AM Author: Outnumbered violent kitty cat orchestra pit I dont think XO is categorically opposed to SS, we take issue with the way that Boomers in Congress have managed it. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35625205) |
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Date: March 16th, 2018 11:34 AM Author: Razzle Pozpig my dad is dead and mom is impoverished/on welfare. both cr retirement outcomes. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619096) |
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Date: March 16th, 2018 11:35 AM Author: onyx rambunctious depressive Just become a government employee (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619107) |
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Date: March 16th, 2018 12:21 PM Author: Floppy Office Dad died young with like 150k in retirement accounts, but could live adequately on social security.
Mom probably has 100k in retirement, 100k in equity and will inevitably be forced to move in with me.
They’ve scared me enough that I’ve been a big retirement saver. |
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Date: March 16th, 2018 12:38 PM Author: Outnumbered violent kitty cat orchestra pit Nothing wrong with having retired parents move in with you. Its actually good for kids to have that generational perspective and is a good cost saving measure. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619442) |
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Date: March 16th, 2018 1:06 PM Author: Floppy Office I agree and am good with it. Wife is on board too. But you gotta buy a bigger place. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619573) |
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Date: March 16th, 2018 1:26 PM Author: Outnumbered violent kitty cat orchestra pit Absolutely, but its much cheaper to have a larger house with an en suite than it is to have two homes. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619691) |
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Date: March 17th, 2018 1:33 PM Author: self-centered alpha stage Agree. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35626038) |
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Date: March 16th, 2018 12:41 PM Author: Cyan Talented Ladyboy $2m, house almost paid off. They will most definitely boom through it before they die. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619467) |
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Date: March 16th, 2018 1:27 PM Author: Outnumbered violent kitty cat orchestra pit Nothing like a home equity loan for gratuitous booming. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619698) |
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Date: March 16th, 2018 1:27 PM Author: Twinkling nighttime mediation One of my parents copped a nice pension in a blue state lmfao. not 6 figs or anything but they should be fine (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619702) |
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Date: March 16th, 2018 6:22 PM Author: learning disabled ticket booth Combined they have about 30k in retirement accounts. Not flame. Mom is retiring next year and will have a modest teacher pension. Dad will work until he dies. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621635) |
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Date: March 16th, 2018 6:24 PM Author: wild therapy hall why save for retirement? people retire and then they die, no thanks (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621644) |
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Date: March 17th, 2018 1:03 PM Author: Low-t Coiffed Piazza Work is death by other means.
The issue is how much freedom you get. |
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Date: March 16th, 2018 6:56 PM Author: marvelous parlor I bet those parents who are doing well are older boomers and those who aren't are younger boomers. Born after 1955 -> lower standard of living. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621856) |
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Date: March 16th, 2018 6:57 PM Author: carnelian flickering locus There's only one true retirement and we all get to see it one day. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621867) |
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Date: March 16th, 2018 11:12 PM Author: Outnumbered violent kitty cat orchestra pit tho dark (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35623481) |