I would guess that something similar is everyone’s goal that has a nice upper middle class lifestyle. The problem is not everyone has an income to support that. Saying 1/2 of millenials are delusional about money like this is something new to this generation is silly. In my estimation 1/2 of everyone I have ever met is delusional about money, their age is just a number.
I could use these same words to describe the taxpayer support of public education over the last 20 years. The burden has shifted from the state (taxpayers) being responsible for 2/3 the operating budget to <1/3. Rising tuition is a hidden tax on those that go to college.
Talk about setting the bar low, the top savings category was $10k.
My point was that social security started in 1935, well before baby boomers, generation xers and millennials, because most Americans weren't disciplined enough to save on their own back then either.
I honestly never set a goal for retirement. I just try to save as much as possible. At my current savings/income rate, I am projected to be able to retire at 62 with 3.5M & end up with 10.5M at age 90. Assumes a 5.3% investment return.
![[laughing]](http://l.yimg.com/j/assets/img/emoticons/classic/laugh.r191677.gif "Laughing [laughing]")
Since you're quick to rub the unsuccessful millennial the wrong way, what is your opinion of the multi-millionaire or billionaire risk-taker utilizing corporate laws and bankruptcy to shield personal wealth away from their creditors?
The man up the street is in his 90's now and is presumably shifting much of the responsibility of his properties to his daughter and son-in-law. He bought his 2nd new Ford truck in a decade though.
Maybe I'm reading it the wrong way but he seems to have a less than ideal opinion of people who don't repay their debts. I agree in theory but life isn't lived theoretically.
What is your crop KopiKat?
So you measure compensation by risk when in the very example you gave, the combination appears to eliminate it completely then subsidies might be another risk-off. Farmers are also under no obligation to grow the crop being subsidized.
People that are 50 and have a whole career of hard work behind them looking at 25-30 year old's wondering why they aren't doing as well as them is really pretty stupid which is what this whole thread has basically been. On the other side of the coin though a lot of 25-30 year olds look at their income in the lower percentiles and think it is unfair. My problem with a lot of economic talk is that both sides are detached from reality quite a bit.So you're telling me the youngest generation of working age people make the least amount of money?
Thoughts on Baby Boomers dying more than millennials? Are they just less healthy? What's wrong with them?
My wife's car is paid off in August. We preferred 0.9% interest over 36 months in this case. Felt it was worth the sacrifice.
Let’s see. I can live in my parents basement, drive my parents car, have them feed me and keep me on their insurance, take out a 100,000 student loan and major in puppetry. Then when I can’t find a job, I can blame everyone but myself for making such piss poor life choices.
oh that turn of events is happening right now. Mr Scrooge thinks America is the world's piggy bank when in reality we are leveraged to the hilt and basically dumping on all of our creditors. All they have to do is just hint at not continuing to pay for our extravagance, treasury yields go through the roof and suddenly, America is fudged. It will happen like a slow train wreck that no one could see coming but in hindsight it was easy to read the tea leaves. That time is here. These huge swings in the stock market are just further proof of the rats rearranging deck chairs on the titanic. America reached its peak in 2000, could have turned that surplus into a real effort to bring down the debt but instead 524 votes gave us never-ending war and tax cuts. It's 3am and everyone is trying to find the last of the champagne before the party is over.
