2016 Postmortem
Related: About this forumThe retirement generation is pitted against the younger generations via their investments.
(Ok, I know I'm using a broad brush, but, here goes ... )
Like it or not, the retirement generation seeks the highest returns on their investments for retirement.
Unfortunately, much of their their high return investments are invested in US job killing Asian manufacturing and other job killing investment schemes.
In order to live well in retirement in the USA pretty much means that the younger generation will be ever more squeezed for jobs/income.
Parents and grandparents investing ends up killing their own kids and grandkid's jobs and future.
When the younger gen realizes this (IF they do) it really isn't going to be pretty.
What were we thinking?
We need a new paradigm.
Thoughts?
Hoyt
(54,770 posts)Medicare, etc. I doubt they are going to want to go without jobs, or work in low paying jobs -- with ever increasing tax burdens -- to keep us old folks happy for 30 or 40 years.
You are definitely right that we need a new paradigm before the crud hits the fan.
Mika
(17,751 posts)W/o good paying jobs, who will contribute to SS enough to support it? The retirement generation?
avaistheone1
(14,626 posts)of our parents generation. The baby boomer generation is the first generation to have done so.
New retirees receiving less in Social Security than they paid in, marking historic shift
Read more: http://www.foxnews.com/politics/2012/08/07/new-retirees-receiving-less-in-social-security-than-paid-in-marking-historic/#ixzz2Q8K2xv6p
Hoyt
(54,770 posts)by current wage earners or borrowing . And if there are less of those, or their earnings don't keep pace. . . . . .
Am I happy about it,, heck no. But I'm realistic.
Armstead
(47,803 posts)I think the big picture paradigm is for more people to wake the f up and start demanding more ethics and accountability from the companies they invest in.