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phantom power

(25,966 posts)
Fri Jul 10, 2015, 01:30 PM Jul 2015

"a generation, presently in their fifties, who will retire almost immediately into poverty"

Last edited Fri Jul 10, 2015, 03:54 PM - Edit history (1)

The bottom line comes next, in the middle (my emphasis):

But here is the deeper explanation for all of that anger: For most Americans, life simply is getting harder. ... The net worth of the average American household dropped by more than one-third in ten years. The decline from the 2007 peak was almost 50 percent, in just six years. (Most of that loss was in the value of one's home -- home is where the heartache is.)


Pretty straightforward. Also, pretty bipartisan. Almost all voters feel this way. And no wonder — look at what causes this reaction. The numbers are these: "median net worth had dropped by 36 percent, from $87,992 to $56,335."

That's not only painful to look at, it's painful to contemplate. Note that this is net worth (wealth), not income, another reflection of Piketty's analysis, which focuses on wealth inequality, not just income inequality. What this says is that not only are people's present lives more and more a struggle, but that the struggle is likely to continue into retirement. The result, as I see it, is a generation, presently in their fifties, who will retire almost immediately into poverty, and they and their families, their children, get that. More on those numbers later, but they are stark, as stark as the ones in Grayson's essay. There's more data like this in his piece; please do read

http://digbysblog.blogspot.com/2015/07/alan-grayson-why-democratic-voters-stay.html
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"a generation, presently in their fifties, who will retire almost immediately into poverty" (Original Post) phantom power Jul 2015 OP
gonna have to work till I die. KG Jul 2015 #1
We are rapidly returning to the days when most people died in poverty phantom power Jul 2015 #2
If a Republican is elected yuiyoshida Jul 2015 #44
Including the octopuses! :) Helen Borg Jul 2015 #93
But what will one do when one is ill, Helen Borg Jul 2015 #13
Die ablamj Jul 2015 #90
I'm HOPING I will be able to do this. Arugula Latte Jul 2015 #31
See? People need to stop whining and listen to JEB. Hoppy Jul 2015 #91
It's our fault because we are lazy. Katashi_itto Jul 2015 #96
I used to say that too. Then I faced out and out ageism against everyone in my CTyankee Jul 2015 #121
Look at those pathetic figures then look at the wealth of the Walton's and Koch's randys1 Jul 2015 #3
So... What Is To Be Done? Scootaloo Jul 2015 #4
More centrism BrotherIvan Jul 2015 #5
I wasn't being facetious. Scootaloo Jul 2015 #6
I was being snarky, I will admit BrotherIvan Jul 2015 #9
In "Fighting Back the Right" David Niose hifiguy Jul 2015 #15
Would you explain his reasoning please? Betty Karlson Jul 2015 #81
Sure. His basic thesis is that the neoliberal hifiguy Jul 2015 #115
And how do identity politics feature in his thesis? n/t Betty Karlson Jul 2015 #122
They are wedge issues and distractions that drain hifiguy Jul 2015 #123
But would you agree that certain groups, because of discrimination, Betty Karlson Jul 2015 #124
Yes, and that is why the root causes hifiguy Jul 2015 #125
I'm going to go off-topic here, but hear me out please. Betty Karlson Jul 2015 #126
I agree with you in every jot and tittle. hifiguy Jul 2015 #127
Than the agreement is mutual Betty Karlson Jul 2015 #128
Ouch. bluesbassman Jul 2015 #8
Raise income, property and wealth taxes on the rich. closeupready Jul 2015 #16
These are all end results. How do you get there? Scootaloo Jul 2015 #18
Well I'll tell you how you don't get there. bluesbassman Jul 2015 #22
do you actually think we can 'get there" by electing people? Scootaloo Jul 2015 #26
Short of the French solution I see no other viable option. bluesbassman Jul 2015 #33
That's why I think Sanders may be the last train out. Eleanors38 Jul 2015 #35
He is. hifiguy Jul 2015 #39
I have long said in DU that the fiercest opposition to progs will be from the Party. Eleanors38 Jul 2015 #43
Got the memo on that this week - TBF Jul 2015 #69
Hell, in 2008 the FDP had storm troopers out. Fuddnik Jul 2015 #86
There is a fait accompli developing on NPR. A recent story on the Bernie... Eleanors38 Jul 2015 #102
These are means. You implement them. closeupready Jul 2015 #27
What, with a magic wand? Scootaloo Jul 2015 #29
Not trying to condescend, but I think we're done here. closeupready Jul 2015 #42
No, I'm honestly wondering Scootaloo Jul 2015 #47
What, you mean like taxes? You don't know how taxes happen? closeupready Jul 2015 #48
I do. I also know it's a Sisyphean struggle to get even a very modest increase passed. Scootaloo Jul 2015 #50
I'm not going to pretend to be policy wonk or genius, but closeupready Jul 2015 #53
Fight how? Scootaloo Jul 2015 #54
You're right, of course, but... dreamnightwind Jul 2015 #67
I like this thinking. BlancheSplanchnik Jul 2015 #84
Thanks for wading through it! - eom dreamnightwind Jul 2015 #117
In a free country, Boards are free to approve sky's-the-limit compensation closeupready Jul 2015 #49
It's a shame that Sam Walton's fortune went to his relatives, PoliticAverse Jul 2015 #7
And for those who are in their 50s+ WM is the only place to find a job. No one else will hire you. YOHABLO Jul 2015 #55
Yup, a lot of discrimination against those 50+ TexasBushwhacker Jul 2015 #107
there will be no jobs to work till we die . olddots Jul 2015 #10
Learn how to program robots IBEWVET Jul 2015 #19
Let me warn you, anyone - getting a job in IT when older is very, very difficult erronis Jul 2015 #37
Why hire you? I could get 3 H1Bs for the same price. (nt) jeff47 Jul 2015 #58
Learn how to program robots... hunter Jul 2015 #99
Oh, goody. I turn 51 next month. KamaAina Jul 2015 #11
right there with you. I turn 52 next month. weeee.... Javaman Jul 2015 #23
I am 47 awoke_in_2003 Jul 2015 #70
Yup, 49 myself in about two months. TM99 Jul 2015 #77
I hear you awoke_in_2003 Jul 2015 #104
Marriage equality? No. TM99 Jul 2015 #105
I feel the same way shrike Jul 2015 #116
Retire into poverty? 100 million have either moved into poverty or nearer to it in the last 6 years. jtuck004 Jul 2015 #12
Geithner got every arsonist's dream job. hifiguy Jul 2015 #21
Thanks for posting Sherman A1 Jul 2015 #14
We need to make clear that this is the result of Reaganomics salib Jul 2015 #17
excellent suggestions. LittleGirl Jul 2015 #24
Exempting tech work from most labor law daredtowork Jul 2015 #28
Very good point. salib Jul 2015 #64
AND eliminate the cap on Social Security taxes groundloop Jul 2015 #30
Just about everyone I know is just as frightened that they will never be able to retire. salib Jul 2015 #65
401ks are taxed on withdrawal. Warren Stupidity Jul 2015 #62
You are right, at an (assumed) reduced rate salib Jul 2015 #63
The real screwage is the cap on income while collecting ss benefits. Warren Stupidity Jul 2015 #68
Wunnerful, wunnerful geardaddy Jul 2015 #20
I'm 45 and currently not even putting into Social Security daredtowork Jul 2015 #25
Very good point about distracting yourself from thoughts of the future -- Arugula Latte Jul 2015 #34
Speaking as one who has lived in poverty most of my life I think one of the biggest problems of jwirr Jul 2015 #32
Yes and even with land you can't afford the water, in CA, due to drought and water limits. Liberty Belle Jul 2015 #40
Exactly - most are already in poverty. And let me give fair warning. Once you are a senior you jwirr Jul 2015 #45
Sounds like you are looking at reality..the common man needs to pay attention to your post Stargazer99 Jul 2015 #46
That's basically how I'm future-proofing my life at age 35 NickB79 Jul 2015 #75
Sounds good to me. My family have houses and some are on country plots. We are trying to set jwirr Jul 2015 #76
Its a good thing I like peanut butter and jelly sandwiches. Looks like a lot of them in my future. Hiraeth Jul 2015 #36
Thanks for this post. John Lombardi, former president of the University of Florida, said Eleanors38 Jul 2015 #38
And when you post feasible solutions, an entire group (Republicans) collectively yells "BUT . . " HughBeaumont Jul 2015 #41
2nd link is incomplete/broken nt magical thyme Jul 2015 #51
oopsie. its fixed now phantom power Jul 2015 #52
I'm one of the lucky few ... The last of a breed ... Trajan Jul 2015 #56
again a failure to fully analyze the problem Man from Pickens Jul 2015 #57
they used the median, so it will be insensitive to the 0.01% plutocrat outliers phantom power Jul 2015 #59
Work til we die? SmittynMo Jul 2015 #60
I hear you SmittynMo Skittles Jul 2015 #119
'Because in chaos, they can steal.' byronius Jul 2015 #61
Maybe this will finally put to rest the meme kiva Jul 2015 #66
I turned 62 a week and a half ago. 99Forever Jul 2015 #71
THIS is part of why the 1% rules. We hate each other. HereSince1628 Jul 2015 #72
Hate each other? 99Forever Jul 2015 #74
The point is you display absolute lack of respect and disdain for the work of others HereSince1628 Jul 2015 #79
Whatever dude. 99Forever Jul 2015 #88
I think this thread just proved itself true. philosslayer Jul 2015 #92
huh? 99Forever Jul 2015 #95
Hey 99 navarth Jul 2015 #100
I probably could have worded it better. 99Forever Jul 2015 #109
Nah, you're good navarth Jul 2015 #111
:facepalm: (nt) jeff47 Jul 2015 #106
I challenge anyone to do my job and not call it "real work" Skittles Jul 2015 #120
I'm with you! Hard physical work is impossible to do the older you get. Where B Calm Jul 2015 #110
You just described my job. AngryOldDem Jul 2015 #129
Just work more, y'all marions ghost Jul 2015 #73
Only in America SmittynMo Jul 2015 #83
Yep marions ghost Jul 2015 #89
I'm glad I was more or less SmittynMo Jul 2015 #97
I see it around me marions ghost Jul 2015 #118
Here you go underthematrix Jul 2015 #78
Ah, how lucky they are. raouldukelives Jul 2015 #80
Tell me about it. Alkene Jul 2015 #82
I worry a lot about the future of my college graduate daughter, now forty, and with maddiemom Jul 2015 #85
BUT...my (before real knowledge) dyslexic younger brother, had a top seniority maddiemom Jul 2015 #87
Elect Bernie Sanders! He may not be able to fix it all... but I know he'll make it better. AzDar Jul 2015 #94
Bingo SmittynMo Jul 2015 #98
Bullshit treestar Jul 2015 #108
Yes yes. Pretty much everyone else is a tool for the plutocrats Populist_Prole Jul 2015 #112
DU now has a DU 4 Grayson Act Blue link to donate through Omaha Steve Jul 2015 #101
I won't be able to afford to be a senior citizen Facility Inspector Jul 2015 #103
I understand. Seniors made unemployable by the American establishment are not eligible for ACA. DhhD Jul 2015 #113
I'll just settle for as little pain as possible Facility Inspector Jul 2015 #114
You work 30 years and then get kicked to the side after they have... liberal N proud Jul 2015 #130

yuiyoshida

(41,831 posts)
44. If a Republican is elected
Fri Jul 10, 2015, 03:23 PM
Jul 2015

President (and I sincerely hope that doesn't happen) We will all be screwed.

 

Arugula Latte

(50,566 posts)
31. I'm HOPING I will be able to do this.
Reply to KG (Reply #1)
Fri Jul 10, 2015, 02:49 PM
Jul 2015

My "dream" for retirement is "never retire" because it's too scary to contemplate such a drop in income.

CTyankee

(63,912 posts)
121. I used to say that too. Then I faced out and out ageism against everyone in my
Reply to KG (Reply #1)
Sun Jul 12, 2015, 08:41 AM
Jul 2015

workplace over the age of 60 were gone, too, in very rapid succession. They have ways of making your life so miserable that the stress becomes unbearable. Certainly, if your job is safe from that kind of prejudice and if your health holds out, you'll be fine. But when I was coming up on age 65 and could take a more generous SS payout, plus Medicare, and the stress was so bad my doctor said to me "is it possible that you can get another job or just retire? because you keep coming to me for stress related problems."

It was then that I had a moment of truth. I lined up a part time job with an organization I was volunteering for and made a smooth transition. I had consulted with a labor lawyer who told me what was happening to me is a typical pattern used by employers to get the older ones to give up and leave.

So I set a date several months in the future, told my boss I would be leaving and wanted to give them enough time to search for my replacement and also announced my age (of course, she knew that perfectly well). I also took the proactive step of telling my coworkers so that if the boss fired me it would look just terrible. It turned out to be a smart move on my part.

randys1

(16,286 posts)
3. Look at those pathetic figures then look at the wealth of the Walton's and Koch's
Fri Jul 10, 2015, 01:39 PM
Jul 2015

None of them have the first clue what the word "work" means, not a clue.

And we keep allowing ALL of OUR wealth to go to THEM

So we deserve this if we allow it

BrotherIvan

(9,126 posts)
9. I was being snarky, I will admit
Fri Jul 10, 2015, 01:51 PM
Jul 2015

Because when the issues are looked at separately, most Democrats agree that neoliberalism and its effects are tragic and we must do something about it. But when it comes time to vote, it becomes all about identity politics. Which leads to my cynical and bitter tone in general.

 

hifiguy

(33,688 posts)
15. In "Fighting Back the Right" David Niose
Fri Jul 10, 2015, 02:22 PM
Jul 2015

argues very persuasively that identity politics are accelerating the road to neo-fascist feudalism. And he is absolutely correct.

 

Betty Karlson

(7,231 posts)
81. Would you explain his reasoning please?
Sat Jul 11, 2015, 08:02 AM
Jul 2015

(for those of us who have yet to acquaint themselves with the works of Mr. Niose)

 

hifiguy

(33,688 posts)
115. Sure. His basic thesis is that the neoliberal
Sat Jul 11, 2015, 02:30 PM
Jul 2015

Economic project - world conquest without war - application of the Shock Doctrine to the entire world complete with starvation wages, the annihilation of all social programs and the complete destruction of the commons - is one of the greatest threats humanity had ever faced and that stopping it has to be the unquestioned first priority of progressives.

Economics are universal and affect every person on the planet. And when you are functionally enslaved, and that is without question the neoliberal endgame, you no longer have or ever will get ANY rights. Economic justice is a necessary predicate to any other kind of substantive justice.

Everything else, for the immediate future, is rearranging the deck furniture on the Titanic.

The world is burning and putting out the fire has to be Priority #1.

 

hifiguy

(33,688 posts)
123. They are wedge issues and distractions that drain
Sun Jul 12, 2015, 02:19 PM
Jul 2015

Attention and energy from what should be the highest priority - preventing corporations from enslaving humanity and destroying the planet.

 

Betty Karlson

(7,231 posts)
124. But would you agree that certain groups, because of discrimination,
Mon Jul 13, 2015, 02:20 AM
Jul 2015

are much more and earlier affected by the enslavement and destruction you speak of? And that therefore their concerns must be met WITHIN the effort to oppose the enslavement and destruction?

 

hifiguy

(33,688 posts)
125. Yes, and that is why the root causes
Mon Jul 13, 2015, 02:25 AM
Jul 2015

Have to be attacked first. Treat the disease, not the symptom.

 

Betty Karlson

(7,231 posts)
126. I'm going to go off-topic here, but hear me out please.
Mon Jul 13, 2015, 02:36 AM
Jul 2015

Back in 2008, I was furious that my equal marriage rights were called a "pony". Furious that that one big concern of mine was not being met. It clouded every other political position I had. I didn't care anymore that someone told me to "wait for the right time": my concern was real, it was there, and someone telling me to wait felt like someone being willfully blind/ignorant/homophobic/you name it.

I imagine that racial minorities (for just about everything), women (equal pay, health care rights), and what remains of the LGBT concerns (equal pay, ENDA, bullying, "reparative therapies&quot would not like a voice that says:

"we'll take care of your situation AFTER we take care of the bigger situation" - because that makes it sound as if their situation s somehow not part of the bigger situation. This is where holistic appraoch is needed. An all or nothing approach that says that equal pay fr women and workers' rights protection for LGBT and targeted poverty elimination for those who experience it and a restructuring of the way black communities are plicied - all of that becomes part of the program and the reform. Any reform that doesn't include those items is incomplete, because it prolongs remnants of the failed system we live in today.

We agree that the root is evil. But while we work on the root, try to cut away as many of the branches, so nobody has to keep swallowing the foul fruits.

 

hifiguy

(33,688 posts)
127. I agree with you in every jot and tittle.
Mon Jul 13, 2015, 03:35 AM
Jul 2015

But if the oligarchy succeeds in doing to everyone what they are currently doing to Greece, there will be no way to fight for social justice. Serfs and slaves have no right to be heard about anything.

 

Betty Karlson

(7,231 posts)
128. Than the agreement is mutual
Mon Jul 13, 2015, 05:42 AM
Jul 2015

down to every last jot and tittle. The neo-conservative / neo-liberal direction of the economy is a threat to almost every man and woman on this planet.

 

closeupready

(29,503 posts)
16. Raise income, property and wealth taxes on the rich.
Fri Jul 10, 2015, 02:24 PM
Jul 2015

And lower all taxes on the not rich, and eliminate them on the poor.

Duh.

bluesbassman

(19,373 posts)
22. Well I'll tell you how you don't get there.
Fri Jul 10, 2015, 02:38 PM
Jul 2015

You don't get there by electing the same people over and over again. The same people who have been and are still part of the game. The same people who push policies and positions that enable the greatest transfer of wealth in history to continue at a pace that will soon create a landscape that provides little hope for the average person to live in dignity in their waning years.

bluesbassman

(19,373 posts)
33. Short of the French solution I see no other viable option.
Fri Jul 10, 2015, 02:50 PM
Jul 2015

The people we elect make decisions and laws that immediately affect our lives and futures. We, as individuals, have no direct influence on those laws and decisions other than the vote we cast. Yes, we can march in the streets, write letters and emails, make phone calls, but if our elected officials are not at their core people who believe in and seek to create a level playing field then short of rebellion our voting choices are the foundation to change the course we're on.

 

Eleanors38

(18,318 posts)
43. I have long said in DU that the fiercest opposition to progs will be from the Party.
Fri Jul 10, 2015, 03:22 PM
Jul 2015

What passes for leadership in the Democratic Party is Locked in to a center-right, pro-corporate outlook which is hostile to any candidate to the left of Eisenhower. At the state level, the Party is abysmal. The difference between the Party in Texas and Florida is that in the former it is too weak to coalesce around a progressive, and the latter is strong enough to prevent a progressive from being elected in the first place. This, in the #2 and #3 states in the union.

TBF

(32,062 posts)
69. Got the memo on that this week -
Fri Jul 10, 2015, 07:31 PM
Jul 2015

posted it here: http://www.democraticunderground.com/128021606

My local club (south of Houston) is already on the Ready for Hillary! train. I hear through the grapevine that "although they sent it on letterhead it's separate from the official organization". Yup, and I have a bridge in West Texas to sell ya ...


Fuddnik

(8,846 posts)
86. Hell, in 2008 the FDP had storm troopers out.
Sat Jul 11, 2015, 08:29 AM
Jul 2015

At the 2007 FDP convention, aka, "Hillaryfest", a friend of mine (a former 2-time Democratic nominee for Congress) was roughed up by a former pro-wrestler and refused entry into the convention. All for showing up with John Edwards signs and literature. He was subsequently banned from Disney for life. Want proof?

 

Eleanors38

(18,318 posts)
102. There is a fait accompli developing on NPR. A recent story on the Bernie...
Sat Jul 11, 2015, 11:48 AM
Jul 2015

candidacy weighed the odds he would be a threat to Hillary (not much), but referred to Sanders' supporters as the "Left." Along witb BBC's notion that Sanders is a candidate of the "fringe," a narrative is developing which pigeon holes his candidacy into a White Left Wing® group without the ability to break into the people of color vote, which Hillary is supposed to have locked up.

It seems the entire establishment of the Party and its allies in MSM is uneasy with Sanders, and have bought into the GOP meme that the Democratic Party is somehow stuck in 1970 when it did have a "left," well over from LBJ, Humphrey and even Sanders (if his beliefs now are what they were then).

 

Scootaloo

(25,699 posts)
47. No, I'm honestly wondering
Fri Jul 10, 2015, 03:31 PM
Jul 2015

You're kind of talking like these things will "just happen." As if one day they're not there, and hten poof, there htey are.

 

Scootaloo

(25,699 posts)
50. I do. I also know it's a Sisyphean struggle to get even a very modest increase passed.
Fri Jul 10, 2015, 03:45 PM
Jul 2015

So take all your things together. Wage increases, tax hikes on the wealthy (and thus politically powerful) tax cuts for the less wealthy (and thus less powerful)?

And so i have to ask... How do we get there? Or are we talking about "our grandchildren's grandchildren" stuff here?

 

closeupready

(29,503 posts)
53. I'm not going to pretend to be policy wonk or genius, but
Fri Jul 10, 2015, 03:57 PM
Jul 2015

pay attention to Sen. Liz Warren, specifically at 6:18 :



CNN news tart: "With all due respect, Senator, every report I've read, every person I've spoken to, has said that there's a very, very, VERY slim chance of this even passing."

Warren: "Well, then, let me put it to you this way. If you don't fight for it, your chances are ZERO."

So there you go. Fight, or don't. Outside the US Congress, opposition parties FIGHT.

 

Scootaloo

(25,699 posts)
54. Fight how?
Fri Jul 10, 2015, 04:03 PM
Jul 2015

I dunno about you, but short of running for office myself (I can't make the filing fees) this leftist has pulled all the levers, done all the walking and knocking and driving he can to change this situation.

we have one Sanders. we have one Warren. and if 2016 goes well, we'll be losing Sanders in the senate and adding him to the White House, where his legislative stretch is obviously limited to signing or not signing bills.

What does it take for a sea change?

Forgive me if I'm coming off as snarky or obtuse, it's not my intent. I'm frustrated and just a little depressed by what I see before me, and have this gnawing awful feeling that the whole thing is going to fucking collapse while we're daydreaming.

dreamnightwind

(4,775 posts)
67. You're right, of course, but...
Fri Jul 10, 2015, 07:18 PM
Jul 2015

by having even one or two national scale politicians with loud megaphones out there making the case for the reforms we need, even if they currently have no chance of getting those reforms passed, things can change very quickly.

There's a lot of frustration out here in the U.S. It doesn't belong to any party or ideology, it's about things like this OP.

The two money parties very carefully keep candidates who don't basically accept the status quo from rising in their hierarchy. The MSM does the same. So the truth is seldom told. The finger of blame is almost never pointed where it belongs, which is at the corporatists who use our military, our extraction industries, our surveillance network, our banksters, our private prisons and brutal police state to disempower citizens and to obscenely enrich themselves in the process.

You get a few people out there preachin' it for real, you get a wild-fire of support and all of a sudden it's a whole different situation.

Climate change is a catalyst for change, as are things like millions (including myself) who are likely to "retire" into complete poverty, and the endless wars against foes who are really nothing more then blowback from the actions of the very same global capitalists who are causing all of these problems.

First we fight. It takes a few amazing people who can carry that load through the media wilderness, Warren and Sanders are two such people. We will lose some battles, but the message can absolutely take hold, and if it does, things can change very rapidly.

It feels hopeless, and it may be, but I think giving in to the apparent hopelessness is to solidify it.

A few great leaders who have what it takes to transcend the divide-and-conquer partisanship that sustains the whole corrupt system can leverage the despair people rightly feel and bring about great change, fairly rapidly once it starts.

 

closeupready

(29,503 posts)
49. In a free country, Boards are free to approve sky's-the-limit compensation
Fri Jul 10, 2015, 03:38 PM
Jul 2015

for a company's CEO and upper management teams.

In response, a democratic government will tax that compensation in progressive proportion to where that compensation is, on balance, vs. other employees at that same company. See "Wealth of Nations" for starters.

 

YOHABLO

(7,358 posts)
55. And for those who are in their 50s+ WM is the only place to find a job. No one else will hire you.
Fri Jul 10, 2015, 04:11 PM
Jul 2015

TexasBushwhacker

(20,192 posts)
107. Yup, a lot of discrimination against those 50+
Sat Jul 11, 2015, 12:15 PM
Jul 2015

After being disabled for a couple of years and living on $1100 a month. I learned to be very frugal. Now that I've returned to work, I got an offer for a 3 day a week part-time bookkeeping job at a good hourly rate - enough to live on. I jumped at it because it gives me enough time to develop my own bookkeeping business. I figure if I can get enough clients and refferals, I can build a good part-time business that I can do for as long as I like to supplement my SS. Now I just need to get healthy enough that I can work full time until I'm 70, to maximise my SS.

IBEWVET

(217 posts)
19. Learn how to program robots
Fri Jul 10, 2015, 02:29 PM
Jul 2015

or fix them. Thats what I did and even though I am now retired, I could get a job tomorrow. I know that won't work for everyone, but you have to adapt to the labor market the best you can

erronis

(15,277 posts)
37. Let me warn you, anyone - getting a job in IT when older is very, very difficult
Fri Jul 10, 2015, 02:57 PM
Jul 2015

Much as experience and knowledge should be important to the technology field, it still prefers younger people. Above 45 and looking to break into the fields - very difficult.

I don't have robotics experience but have worked with AI, expert systems, lab control/sensing, satellite ground control, statistics and modelling, system software development, project management, etc., etc. I'm now well over 60 and present well. What company wants to take the time to work with someone at that age?

hunter

(38,313 posts)
99. Learn how to program robots...
Sat Jul 11, 2015, 11:22 AM
Jul 2015

... hmmm... there's some interesting possibilities there... those billionaires and their political lackeys had best stay well beyond the reach of those metal hands...

You worked for government "defense" and "security" contractors and have the necessary clearances, I'm surmising, or maybe you are among the last who remembers how to keep some fossil system running in a decaying industry being bled dry by oligarchs as they prepare to move the work overseas.

Those seem to be the only tech workers who don't get replaced by foreign workers willing to share small apartments with strangers and pool their resources to buy rice in bulk.

I'm a peculiar sort. I've always thought government ought to serve "We the People," not some "market" directed by a few oligarchs and the military-industrial-complex.

The uber-wealthy class needs to be taxed out of existence. Nobody ought to be so wealthy they can buy the political process and control markets, especially "labor markets." Ugh, what a nasty concept "labor markets" is in today's world. This is why we need strong labor unions.

 

TM99

(8,352 posts)
77. Yup, 49 myself in about two months.
Sat Jul 11, 2015, 01:05 AM
Jul 2015

Between student loan debt and no retirement funds (until I got on Medicaid, I had to go through my savings whilst on chemo), I will be working until I can work no longer.

It is quite disheartening really. It is hard to be able to focus on things other than work and money when you are looking at such a bleak future.

 

awoke_in_2003

(34,582 posts)
104. I hear you
Sat Jul 11, 2015, 11:50 AM
Jul 2015

The cynic in me thinks that the marriage equality ruling and the confederate battle rag coming down are just a few bones thrown our way to shut us up for a bit. I maintain simulators that train the pilots who fly rich SOBs around in business jets. Twenty years ago the pay was fantastic. With wages not even beginning to keep up with the real rate of inflation I sometimes feel I am living paycheck to paycheck.

 

TM99

(8,352 posts)
105. Marriage equality? No.
Sat Jul 11, 2015, 12:09 PM
Jul 2015

Confederate flag? Yes.

It is all bread and circuses these days. Little bones are thrown to both the left and the right while we live in our narcissistic Facebook & Twitter bubbles and the reality is that as a population, we are getting fucked year in and year out by the corporatists in power be they the GOP or the New Dems.

I am sick to death of it!

shrike

(3,817 posts)
116. I feel the same way
Sat Jul 11, 2015, 02:54 PM
Jul 2015

That they're just throwing us little bones: social issues here and there, a few symbolic things. No real institutional changes.

 

jtuck004

(15,882 posts)
12. Retire into poverty? 100 million have either moved into poverty or nearer to it in the last 6 years.
Fri Jul 10, 2015, 02:20 PM
Jul 2015

Many are in poverty or near poverty now, thanks to the policy of keeping the bank$ter/donors money healthy. It's discussed in the ex Treasury Secretary's book Stress Test, by Timothy "The Butcher" Geithner.
"
Here, an audience of voters laugh at, not with, ol' killer Geithner: http://thedailyshow.cc.com/extended-interviews/z9b8f1/timothy-geithner-extended-interview

Generations of Americans will live in poverty, with no hope of every getting out, because of that traitor to our country - and the people, like me, who voted helped him get into that position to foist his advice on us.

I won't be fooled again, however.

salib

(2,116 posts)
17. We need to make clear that this is the result of Reaganomics
Fri Jul 10, 2015, 02:27 PM
Jul 2015

And be specific:
- 401k's and other private "cool ideas" are not a substitute for a true pension
- privatizing social security would be an unmitigated disaster
- privatizing retirement only works for the 1/10th of one percent. Everyone else is screwed.
- private (employment based) pensions can work, but must have iron clad protections
- people need to quick the knee jerk reaction against "those who have too much" when referring to people who still have some pension. This only is there to divide and conquer.

And there are real things we can do right now to fix this.
- Increasing social security benefits markedly
- Lowering the retirement age radically
- Not taxing social security benefits and pension benefits (like 401k's are already done now)
could immediately eliminate most of this pain
- social security could easily be expanded to be a true pension, and could be increased especially for those who lost a pension

daredtowork

(3,732 posts)
28. Exempting tech work from most labor law
Fri Jul 10, 2015, 02:42 PM
Jul 2015

in order to "boost the new economy", when that's where the growing sector of middle class jobs were, was also a destroyer of the middle class. Especially when this was never revised after the new economy was no longer new and should have no longer needed special help for innovation to happen.

salib

(2,116 posts)
64. Very good point.
Fri Jul 10, 2015, 06:23 PM
Jul 2015

Just like all the "incentives" for fossil fuels that are woefully out of date, they wonderful little gems just keep giving to those who know how to scarf it up. They never die and generally were not a good idea to begin with.

groundloop

(11,519 posts)
30. AND eliminate the cap on Social Security taxes
Fri Jul 10, 2015, 02:45 PM
Jul 2015

"social security could easily be expanded to be a true pension" - IMO that's an excellent approach.

I'm scared as hell about how I'm going to ever afford to retire - and I'm a relatively well paid professional. I've been stuck with what most everyone else has, attempting to put enough money into 401K's to hopefully be able to retire 'someday' (but like the song says - someday never comes). So far it looks like I'll be working until I'm 70 or so, and by then I fully expect me and my wife's health to be poor enough that we won't ever be able to really enjoy ourselves. Social security will help some, but it's still not going to be enough.

What's really sad is that I know someone who has a good pension from General Motors and has been retired for over 25 years now. He's ultra conservative, goes along with all the right wing bullshit about cutting social security blah blah blah, yet fails to acknowledge that he's been able to enjoy his retirement (and his 2 lake homes) thanks to benefits that he has and wants to take away from every one else.

salib

(2,116 posts)
65. Just about everyone I know is just as frightened that they will never be able to retire.
Fri Jul 10, 2015, 06:33 PM
Jul 2015

Except to the grave, and even then what about your family?

I am in the 1% (just barely), but still cannot see it happening before I am (again) about 70. And that is only maybe. Those I know even in that income (and sometime wealth) bracket, are also very nervous. Generally, they act like it will happen around others, but when pressed and pouring their heart out, they cannot do it either without a tremendous cut in lifestyle and possible insolvency.

Most of us who did well nevertheless had some event, say divorce, medical expenses, etc., that have wiped out savings and had to start over again. The 401K (if not already raided for those reasons) is not enough. And we had good returns on investment for much of that time. I even pulled mine out before the millenium crash and it did not make a difference. It was never going to be enough and we were played for suckers.

salib

(2,116 posts)
63. You are right, at an (assumed) reduced rate
Fri Jul 10, 2015, 06:21 PM
Jul 2015

It is certainly marketed as a tax break, again trying make people believe they actually got something good with 401k's so they will not complain when the pensions are gone.

 

Warren Stupidity

(48,181 posts)
68. The real screwage is the cap on income while collecting ss benefits.
Fri Jul 10, 2015, 07:27 PM
Jul 2015

That cap was set in the early 80's as part of the Tip O'Neil/Ronnie Reagan Screwage that raised FICA rates and increased retirement ages and has never been inflation adjusted. Consequently everyone who saved for retirement through 401ks or IRAs like we were told to do, will get their SS benefits taxed as soon as they cross the 30K limit on income. The fucking fuckers think we are really fucking stupid and they are fucking right.

daredtowork

(3,732 posts)
25. I'm 45 and currently not even putting into Social Security
Fri Jul 10, 2015, 02:40 PM
Jul 2015

I've had several earlier long spates of unemployment as well due to disability.

Yep, I'm doomed.

Whenever I hear the GOP make apocalyptic speeches about people lacking savings and nothing being there for retirement, I flinch. Whenever I hear anecdotes about elderly people being dumped in abusive nursing homes, becoming mentally ill and dying before their times I get the chills. Seniors are the fastest growing homeless population in my area due to both employment and rental housing discrimination, so I face the prospect of genuine homelessness at any time as well.

The basic problem is the demands from "rent-takers" are regular while the gig-nature of the new economy is unstable and nerve-wracking, and it gets worse as you get older. Because

It would be hard not to become extremely depressed or even have some psychotic break if regular people tried to plan for and look directly at the future. IMHO, this is why many people simply do not do it. They do choose not to think it all. They use TV, and casual games, and on-demand networked social media relationships to keep themselves "in the now" and mentally occupied. They have used "mindfulness" to convince themselves that this is a good thing - to constantly doing status updates with their immediate context or even their internal selves: but ultimately this is an art of distraction from fear of the future. No one has a clue what to do about it, so people prefer not to think at all.

 

Arugula Latte

(50,566 posts)
34. Very good point about distracting yourself from thoughts of the future --
Fri Jul 10, 2015, 02:52 PM
Jul 2015

I am guilty of doing this too.

jwirr

(39,215 posts)
32. Speaking as one who has lived in poverty most of my life I think one of the biggest problems of
Fri Jul 10, 2015, 02:50 PM
Jul 2015

living in future poverty is that the safety net may be gone. They will have no backup. When you are in poverty you find ways to adjust your lifestyle so that at least you can survive as opposed to just die.

For my parents generation (both born in 1917) there was little safety net at the time of their birth. Their parents ended up living with them or worse yet moving from one home to another owned by a relative. When my parents bought their little home it was not for investment purposes. It was to be a lifetime residence for them - a place to retire that was paid for. Their safety net was their home. They did not have senior housing to move into and neither will the seniors today because the waiting lists are very long.

My parents learned to plant gardens and can food for the winter from their parents and it worked. Even during the Great Depression many could eat if they had a piece of land to plant on. Today most in poverty rely on food stamps. But they are already being cut. Since most today do not have that little piece of land this is going to be a big problem.

I do not know what can be done to prevent this prediction from coming true but I do know that all of us no matter what age had better start fighting like hell right now to preserve that safety net that is under attack. If we do not most will be in the just die category. Go Union.


Liberty Belle

(9,535 posts)
40. Yes and even with land you can't afford the water, in CA, due to drought and water limits.
Fri Jul 10, 2015, 03:14 PM
Jul 2015

The basic cost to survive is much higher. If you own a car, you must have insurance. Healthcare is mandatory and expensive, if you're above the subsidy levels ie lower middle class it's astronomical even with the ACA. Mine is $650 a month - nearly a mortgage payment! I don't have any savings left. Now what? We are house poor - it's all we have. Cars are much more expensive to buy and maintain than in the past, with everything computerized, and not everyone lives near transit. In rural areas a car is essential.

Where we live we have the highest utility rates in the nation. There are places in our county that hit 120 degrees in summer so A/C is essential for older folks not to die, but how do you afford that? Cold climates have the same issue in winter to heat homes.

Got kids? A computer is a must now for them to succeed in school. Tuitions are through the roof. In the '80s my brother went to Harvard for around $1,000 a year or maybe a semester. AT UC now it costs $25,000 to $30,000 a year for tuition, room and board. What if you have more than 1 kid who is in college at the same time? Parents are going broke, and many from the middle class are falling into poverty.

Wages have not kept pace with inflation and the rising cost of living. Our parents didn't need cell phones etc.

Even such essentials as a basic washing machine or stove are much more money than in the past.

Medical costs if you get sick? Astronomical, even with insurance in most cases. God help you if you have none.

jwirr

(39,215 posts)
45. Exactly - most are already in poverty. And let me give fair warning. Once you are a senior you
Fri Jul 10, 2015, 03:24 PM
Jul 2015

will not be able to go bankrupt unless you can pay for it yourself. Legal Aid cannot represent you because Social Security and other safety net programs are exempt and cannot be taken by creditors so ------ do it now if you are going to have to.

If you have debt that you cannot pay and you cannot go bankrupt the creditors hound you day and night for the rest of your life. Joy! Joy!

NickB79

(19,246 posts)
75. That's basically how I'm future-proofing my life at age 35
Fri Jul 10, 2015, 11:59 PM
Jul 2015

I have my small 50-yr old house on 1.5 acres, on a private well, a huge veggie garden, and lots of fruit and nut trees I've planted over the past 5 years. My flock of chickens is growing, the 250-acre state-owned wildlife management area a few miles down the road has lots of game to hunt, and I'm in good enough shape to bike 5 miles into town. Eventually I'll be installing some alt. energy sources, and adding even more insulation.

My wife and I sock away 10% of our gross income monthly, and made the decision to only have one child for economic and environmental reasons.

jwirr

(39,215 posts)
76. Sounds good to me. My family have houses and some are on country plots. We are trying to set
Sat Jul 11, 2015, 12:08 AM
Jul 2015

up a cooperative farm with all of us taking part in it. We do have a long way to go. Those of us in town have gardens also but no animals. Wish our community would okay having a few chickens in town. We have a beautiful fenced in yard for them.

Maybe I will get back to lobbying for that.

 

Eleanors38

(18,318 posts)
38. Thanks for this post. John Lombardi, former president of the University of Florida, said
Fri Jul 10, 2015, 03:04 PM
Jul 2015

approx. twenty years ago that the United States was taking on the characteristics and living standards of a developing South American country.

HughBeaumont

(24,461 posts)
41. And when you post feasible solutions, an entire group (Republicans) collectively yells "BUT . . "
Fri Jul 10, 2015, 03:15 PM
Jul 2015






I keep saying this over and over and over and over again: Until the worker's inflation-adjusted wage starts coupling at a reasonable rate with worker productivity and 1%er income gains, America is going to have a giant elephant in it's economic room that's going to eventually become too large to ignore. We cannot save what we are not earning. To invest or purchase, you must have disposable income. There is just no utopia that Big Bizness thinks is going to happen otherwise.

Robots and slavestate participants cannot buy products.
 

Trajan

(19,089 posts)
56. I'm one of the lucky few ... The last of a breed ...
Fri Jul 10, 2015, 04:19 PM
Jul 2015

With a defined benefit pension, acquired through life long employment in aerospace ...

Most of my younger co workers have 401Ks ...

Even then, if republicans take full Koch Kontrol, that can be wiped away by the stroke of a pen ...

I have been working hard to improve my fitness and well being, just to make sure I can last another 7 years ... Egads ....

 

Man from Pickens

(1,713 posts)
57. again a failure to fully analyze the problem
Fri Jul 10, 2015, 04:27 PM
Jul 2015

Drop out the tiny winner class in this neofeudal economy and the numbers are much worse.

Averaging in the top wealth holders with everyone else makes the problem seem small in comparison to what it actually is.

I wonder, when the median for the bottom 90% finally hits zero and there's no more to steal, what then?

SmittynMo

(3,544 posts)
60. Work til we die?
Fri Jul 10, 2015, 04:39 PM
Jul 2015

Gonna have to work til I die? Guess again. I'm 60. No one wants you after 55!! I worked in IT my entire career, and its been very difficult to find work lately. I am to the point where I quit looking. Currently living off of my wifes pension, social security, and transferring our nest egg monthly to cover the bills. I am on the ACA. I collect SS in 1.5 years and the pain of transferring money should go away then.

I consider myself lucky, and it's really shitty. I never thought I'd be forced to retire. I thought I'd be good until at least 65. I know a lot of people are much worse off than me and my heart goes out to those less fortunate. And I'd be right there with them if not for my wife, the ACA, and our savings. The lower and middle class are being totally destroyed by our store bought politicians. 40 years of the same old shit , with a rising increase of demolishing the middle class, is destroying this country. It's time for a change. A BIG CHANGE.

I'm voting for Bernie, cuz the same ole same ole, just aint gonna do it anymore. Look at where we're at. The numbers don't lie, and it don't look good. Without a thriving middle class, we're all screwed.

Skittles

(153,164 posts)
119. I hear you SmittynMo
Sun Jul 12, 2015, 03:11 AM
Jul 2015

a lot of people claim they will work until they die but they better have a backup plan

byronius

(7,395 posts)
61. 'Because in chaos, they can steal.'
Fri Jul 10, 2015, 04:40 PM
Jul 2015

Randi Rhodes said that, all the time. She started saying it about the purposeful chaos in Iraq, and later said it about everything Republicans are doing in the US.

In 2000, I could talk to Republicans as if they were Americans. I did not resent wealthy people overtly. Fifteen years has made me a Leveler. Wealth clearly poisons people -- the majority of them do nothing with it but invest in schemes to further concentrate wealth in their hands. And I can no longer have a civil conversation with a Republican. So much pain, despair and death in everything they believe -- there is nothing left to say except 'you are either purposefully ignorant or purposefully fucking evil'.

99% tax rates on all incomes over 1 million. Let's try that. On capital gains as well. Take that money and make sure every single American citizen has a decent school, home, clothing, food, and medical care. After that, take it to the world.

I'm not necessarily anti-capitalist; just would prefer it to be social capitalism, because the other kind of capitalism is poison, pure poison. Inefficient, cruel, and a threat to national security. It's rotting the nation. We'll eventually outgrow it altogether. For the moment, however, 99%. It's a start.

kiva

(4,373 posts)
66. Maybe this will finally put to rest the meme
Fri Jul 10, 2015, 06:39 PM
Jul 2015

that wealthy baby boomers have stolen all of the goodies.

99Forever

(14,524 posts)
71. I turned 62 a week and a half ago.
Fri Jul 10, 2015, 08:11 PM
Jul 2015

I won't ever be able to afford to retire. Ever. And I don't punch buttons on a keyboard and stare at a screen for a living. I actually have to do real work.

HereSince1628

(36,063 posts)
72. THIS is part of why the 1% rules. We hate each other.
Fri Jul 10, 2015, 09:03 PM
Jul 2015

"I don't punch buttons on a keyboard and stare at a screen for a living. I actually have to do real work."

99Forever

(14,524 posts)
74. Hate each other?
Fri Jul 10, 2015, 11:32 PM
Jul 2015

WTF?

Defensive much?

The point being that I have physical labor as a major component of how I earn my living. I wish I could make a living on a computer screen, but it ain't gonna happen and my body is breaking down.

Cripes, can anyone say anything on this forum without somebody getting butthurt and jumping their ass for it?

99Forever

(14,524 posts)
88. Whatever dude.
Sat Jul 11, 2015, 08:42 AM
Jul 2015

Whenever you feel up to moving some granite around, just let me know. Be sure and eat your Wheaties.

navarth

(5,927 posts)
100. Hey 99
Sat Jul 11, 2015, 11:36 AM
Jul 2015

I'm your age and I've worked with my hands in factories, for brick masons, and a whole lot of other things; so I know what you're talking about. And yeah these people you're arguing with might be a bit over-sensitive (and then again maybe not) but the point I want to make to you is this: punching a keyboard and staring at a monitor is something else I do for a living and I can tell you: it's real work, bro.

I'm not coming down on you, just trying to help you to understand why some might be offended by your characterization. In some ways, working with granite is easier. Know why? Because you're moving around. You can put a couple of thoughts behind that or not; it's purely your option. We good?

99Forever

(14,524 posts)
109. I probably could have worded it better.
Sat Jul 11, 2015, 12:28 PM
Jul 2015

Granted.

Moving around is putting it mildly, I average 14,000 steps just at work, a day. Wearing steel toe boots with no a/c. Of course we're good. My real concern is what will I do when I can't physically do it anymore? The crash of '07 ate my 401K in short order and the piddling I can put away now won't last more than a couple of months. In real terms, my health care takes 50% of my after tax income and it's not getting better. I'll likely drop dead on the job and I see no relief in sight.

navarth

(5,927 posts)
111. Nah, you're good
Sat Jul 11, 2015, 12:38 PM
Jul 2015

I totally feel ya. The retirement situation is as fucked up as can be and we would certainly agree about how it happened.

I imagine you've done some thinking about a change of pace in your work? It would be a good thing to have another work to cycle into. Trust me, I ain't saying that's easy to do. Wishing you luck.

I think the world would be a much happier place if everybody could make a living doing something they like. I myself am hoping that I work until I die. But I enjoy my work. I sure wouldn't feel that way if I was in a job I hated.

 

B Calm

(28,762 posts)
110. I'm with you! Hard physical work is impossible to do the older you get. Where
Sat Jul 11, 2015, 12:32 PM
Jul 2015

someone in an air conditioned office has absolutely no idea how difficult it is to continue to work at a hard labor job past the age of 62.

AngryOldDem

(14,061 posts)
129. You just described my job.
Mon Jul 13, 2015, 06:12 AM
Jul 2015

Thanks for letting me know that it's not "real work." That makes the stress and low pay ALL the more bearable.

The point is, everyone deserves to retire after a lifetime of work without worrying about landing in the poorhouse. I don't care what kind of job a person does.

marions ghost

(19,841 posts)
89. Yep
Sat Jul 11, 2015, 09:20 AM
Jul 2015

--and America's workers put up with it --many because they don't know any better. They don't know what it feels like to have job security and to be truly valued. They just suffer in silence. Because there are few alternatives out there. How often do you hear the words, "just lucky to have a job." We are all scrambling around in the pit, even at the professional level. Family life and quality of life is low priority, if you want to keep your job. That's by design.

Are Americans in general unhappy? I think they are.

America is the most greedy, heartless, brutal country on the planet. Thanks to Rethuglicons and their DLC accomplices, wringing every cent they can out of their employees in countless ways, providing as few benefits as possible. Even thwarting social amenities such as public transportation, educational and recreational facilities/opportunities, cultural outlets. Just watch TV and go shopping at Walmart (if you've got anything left to spend). When you have a stress related collapse, take drugs.

This is not a healthy society. This is not a sustainable solution.

SmittynMo

(3,544 posts)
97. I'm glad I was more or less
Sat Jul 11, 2015, 11:18 AM
Jul 2015

forced out of the rat race. I missed it for a while, but I got over it pretty quick. Now dealing with less income is a real issue. I should make it until I officially retire at 62. Ii wasn't my original plan, that's for sure.

Never, ever thought I'd be forced to retire. No one wants a 60 year old IT manager. The economy and jobs suck for pre seniors(50-65).

marions ghost

(19,841 posts)
118. I see it around me
Sat Jul 11, 2015, 11:35 PM
Jul 2015

--"pre-seniors" being forced out of the job market or stumbling along on lower incomes--and even trying to help the kids out on what little they earn.

Sad state of affairs.

raouldukelives

(5,178 posts)
80. Ah, how lucky they are.
Sat Jul 11, 2015, 07:49 AM
Jul 2015

Quite possibly the last generation to enjoy not only man made safety nets, but the greatest safety net of all time, a stable environment.

Kind of funny if you think about it. The generations that caused the most damage will be the last ones to enjoy the fruits of their labors in a monetary way.

The rest will be enjoying those fruits in the form of less fresh water, less fresh food, less wildlife, less trees, more heat, more disease and more wars.

Heck, the masters of the universe are probably setting wheels in motion as we speak that will leverage more pain on our children & natural world for a slight gain in digital wealth for they and their acolytes today.

Personally? I think adding more is the epitome of selfishness. But then, suffering myself so other lifeforms don't has always been a large part of my personal liberal manifesto.

Alkene

(752 posts)
82. Tell me about it.
Sat Jul 11, 2015, 08:03 AM
Jul 2015

Reduced to entry level minimum wage, I'm aware that the future is even more bleak when I stare into the approaching maw of "retirement."

Which is why I try to practice gratitude for all the joys unrelated to finances which present themselves daily: the smiling face of my darling chihuahua, Alia, and the the towering beauty of the hollyhocks in full bloom in my back yard.

And then work on a better tomorrow.

After all, could be worse...


maddiemom

(5,106 posts)
85. I worry a lot about the future of my college graduate daughter, now forty, and with
Sat Jul 11, 2015, 08:24 AM
Jul 2015

both parents educated at a post graduate level (I'm just a little short of a doctorate, which was of no benefit for me for a public school teaching job due to my hiring cost when I went back after a wife/mom break). Substitute teaching? Nearly every day if I wanted; no benefits and permanent job recommendations from knowledgeable teachers ignored in favor of any lower cost youngster with school board connections (which to be honest, I'd once had when not needed),so know how it works. College level job? Near starvation possibilities. Only one out of four of my kid's grandparents had a high school diploma, let alone any college. They all were able to provide very well for their offspring (including indulging grandkids). The college fund we started at my daughter's birth stopped after a divorce when she was twelve. Still, she started out with some college costs covered, but still has many thousands in student loans after she graduated. She's now in a somewhat freelance job that she loves, but provides very little security. I won't go on to belabor this story.

maddiemom

(5,106 posts)
87. BUT...my (before real knowledge) dyslexic younger brother, had a top seniority
Sat Jul 11, 2015, 08:40 AM
Jul 2015

job in an industry that moved to Mexico. He was offered re-training, and, always loving to cook, requested a culinary academy. No way, computer training was basically all he was offered. No further comment.

DhhD

(4,695 posts)
113. I understand. Seniors made unemployable by the American establishment are not eligible for ACA.
Sat Jul 11, 2015, 01:56 PM
Jul 2015

Best way out, for me would be to go to Urgent Care to have a diagnosis of a heart attach. Refuse to go to the emergency room. Go home to die. Have my family call the County Coroner. The following week the county lets my family know where I am buried. It is the American Dream now; a dignified place to finally rest in peace.

 

Facility Inspector

(615 posts)
114. I'll just settle for as little pain as possible
Sat Jul 11, 2015, 01:57 PM
Jul 2015

But the prospect of being old and destitute is not very appealing.

I have very little power now in this economy.

liberal N proud

(60,334 posts)
130. You work 30 years and then get kicked to the side after they have...
Mon Jul 13, 2015, 07:01 AM
Jul 2015

stripped you of your pension, health care and hope of working to 65.

You worked those 30 years expecting to work another 10 and have a pension waiting for you. At least that is what you were told when you started in 1984. Then they pulled the rug out from under you.

Try to get a job that pays what you were getting paid when they kicked you out. Try to get a job! You are 56 years old, no one wants to put time into your career at that point.

Savings? They said invest, make your money grow, what could go wrong? A Bush economic meltdown, that's what. Not only did you lose the money, but you lost those years in expected growth.

It's not like many didn't try, it's that it was all pulled from under them as they approached the years that they should have been making the most. The years their earning should have been earning the most.

A retirement Stolen, that is what it is!



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