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Mika

(17,751 posts)
Wed Apr 10, 2013, 05:18 PM Apr 2013

The 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?



6 replies = new reply since forum marked as read
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Hoyt

(54,770 posts)
1. I think those of us at/near retirement age better start thinking about those who actually pay our SS
Wed Apr 10, 2013, 06:13 PM
Apr 2013

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)
2. After the SS surplus is spent, it's a pay-it-forward system
Wed Apr 10, 2013, 06:28 PM
Apr 2013

W/o good paying jobs, who will contribute to SS enough to support it? The retirement generation?

 

avaistheone1

(14,626 posts)
3. The baby boomer generation has pretty much paid not only for our retirement, but for the retirement
Thu Apr 11, 2013, 02:24 AM
Apr 2013

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)
4. That money paid in is long gone, those so-called IOUs must be covered
Thu Apr 11, 2013, 04:42 AM
Apr 2013

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)
5. Investment doesn't have to only mean ;putting money into lousy things
Thu Apr 11, 2013, 08:56 AM
Apr 2013

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.

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