Young Boomers Going Broke!?

[BunsGettingFirm]

Originally Posted by Moemg

My current hairdresser and my former one always discussed travel . They both travelled constantly and owned expensive paid off real estate . I'm either way over paying or these women are smart investors and they both gave me great hair cuts and color .

They weren't paying the kind of taxes you were paying. My old barber told me that he had to open a new safety deposit box because the two he already had were filled with cash.

[RDamien]

Oh man, thank God there are more out there than just me who feel this way. I typically get hit with "You dont understand." "Easy for you to say you're rich" "Some people just arent in your situation".

Like things were just issued to me. As if I were never a dopey teen or never overspent. Newsflash, I have no trust fund and I dont even make 6 figures a year. I paid for 90% of my own schooling after high school. I simply live beneath my means and save 15% off the top. That makes me "rich"? Everyone can do that, so you can be rich too. Geez.

Then there are the excuses:

"But but but... the price of oil!" "healthcare" "taxes!" Yeah I pay over 30% how about you? I'm even getting the price of healthy food is too expensive and it's the governments fault and I have to eat bad food and it's not my fault.

This is all in the US. The wealthiest nation in history. If you think it's unfair here you need to look around the world. Nothing is perfect and good luck if you're counting on it being up to your standards.

[CitricAcid]

Originally Posted by RDamien

Oh man, thank God there are more out there than just me who feel this way. I typically get hit with "You dont understand." "Easy for you to say you're rich" "Some people just arent in your situation".

Like things were just issued to me. As if I were never a dopey teen or never overspent. Newsflash, I have no trust fund and I dont even make 6 figures a year. I paid for 90% of my own schooling after high school. I simply live beneath my means and save 15% off the top. That makes me "rich"? Everyone can do that, so you can be rich too. Geez.

Then there are the excuses:

"But but but... the price of oil!" "healthcare" "taxes!" Yeah I pay over 30% how about you? I'm even getting the price of healthy food is too expensive and it's the governments fault and I have to eat bad food and it's not my fault.

This is all in the US. The wealthiest nation in history. If you think it's unfair here you need to look around the world. Nothing is perfect and good luck if you're counting on it being up to your standards.

I just think it is human nature for most to want to point fingers say "Woe is me!" and lay the blame on something outside of their control, rather than take responsibility. I am sure it happens in other countries, but it is often the hardest for people to lay responsibility for their problems on themselves... especially when we live in a democracy and they can vote someone in to take the onus of their financial problems off of them by putting it on the taxpayers.

[Milton]

Originally Posted by Nords

where's the statistical rigor and insightful analysis?

Here's a somewhat-related AARP study that may be more helpful: http://assets.aarp.org/rgcenter/econ...07_boomers.pdf.

[unclemick]

Originally Posted by Milton

Here's a somewhat-related AARP study that may be more helpful: http://assets.aarp.org/rgcenter/econ...7_boomers.pdf.

I had a roommate in college who always said 'My Mom taught me to always check their teeth.' No matter how fine the figure, pretty the face, or warm the personality you always wanted a girl with good teeth.

As for the article - co-resident income, co-resident income! how's that for:

make sure she arrives with her 401k intact! er or ?? .

heh heh heh - sometimes you just can't take the cheap out of the guy trying to play high class frugal.