If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Good news, everyone. Baby-boomers won't be retiring from their jobs anytime in the near forever   (cnbc.com) divider line 168
    More: Sad, baby boomers, Boston College  
•       •       •

10044 clicks; posted to Main » on 15 Sep 2010 at 6:11 PM (4 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



168 Comments   (+0 »)
   

Archived thread

First | « | 1 | 2 | 3 | 4 | » | Last | Show all
 
2010-09-15 06:11:44 PM
What job?
 
2010-09-15 06:12:06 PM
HA-HA! Oh wait that probably means I won't either and...gee...

I was so happy this morning, too!
 
2010-09-15 06:12:56 PM
Just wait until all the spending the govt is doing now folds us into slaves. Then no one will be retiring ever. Thanks again good old establishment...
 
2010-09-15 06:14:35 PM
My 16 year old son wonders why jobs are scarce, including McJobs normally given to teens. I explained that he was competing against adults with more experience. Heck, my 72 year old mother is thinking of coming out of retirement to work part-time again.
 
2010-09-15 06:15:12 PM
you mean they're gonna keep on working 70 hour weeks, making everyone look bad because of it, while generating absolutely nothing because they can't use computers? OH GOOD!
 
2010-09-15 06:17:30 PM
I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.
 
2010-09-15 06:18:53 PM
They won't have to retire, they'll get downsized.
 
2010-09-15 06:19:46 PM
Honestly? If it wasn't for the Baby Boomers, this country probably couldn't function anyway. My generation built this country to what it is today and we did it without any "entitlements" like you see with the kids today. We simultaneously ended the Vietnam War and purged corruption from The White House and somehow made room to enjoy the greatest concert of all time. What came after us? Oh yeah... rap.

People wonder why we are still in the workforce, haha.
 
2010-09-15 06:20:13 PM
Soylent. Parking. Lot.
 
2010-09-15 06:20:35 PM
Angel of Death 2010-09-15 06:17:30 PM
I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.

WTF is this Baby-Boomer hate? Most Baby-Boomers I know have contributed a shiatload more to my life than people my age. Perhaps I am the exception?
 
2010-09-15 06:20:58 PM
I don't begrudge anyone their job - but if I needed any more incentive to scrimp, save, and work on finding a sideline business that I actually enjoy - well, there it is.

Jesus, I hope I'm not still working in a cube farm when I'm that age. Hell, if I were smart I wouldn't be working in one now, I guess.
 
2010-09-15 06:21:16 PM
HowieFeltursnatch: Just wait until all the spending the govt is doing now folds us into slaves. Then no one will be retiring ever. Thanks again good old establishment...

Fortunately my degree in English with a focus on major black authors will serve me well as I lead my fellow indentured servants in a good ol' slave spiritual...

"Well, y'jump down, turn aroun' pick a bale a cotton!
Y'jump down, turn aroun' pick a bale a hay!
Loooord mammy! Pick a bale a cotton!
Loooord mammy! Pick a bale a hay!"
 
2010-09-15 06:21:39 PM
This is great news for greeter-less Walmarts everywhere!
 
2010-09-15 06:22:32 PM
Good. fark the most spoiled generation. Ruin our world, our country and any hope for the future, and then whine that they might have to postpone their completely undeserved retirement. Oh let me hear the sound of a tiny violin.
 
2010-09-15 06:22:53 PM
Dad circa 1975: "Son you need to plug into the system and stay plugged in so that when your old you'll be able to retire in style."

Dad this year (age 63) having stayed at and done well at one job his entire life: "You mother and I can't afford for me to retire."

Thank god I didn't listen to him to begin with. On the other hand, having lived a life so entirely focused on the endgame I dont for a second think he wants to retire ever because this is all he knows.
 
2010-09-15 06:22:55 PM
www.geekstir.com

/Needs work
 
2010-09-15 06:23:01 PM
Good, maybe that will give them more time to fix social security before the baby boomers retire.
 
2010-09-15 06:24:30 PM
HowieFeltursnatch Just wait until all the spending the govt is doing now folds us into slaves.

Oh, look. Phil doesn't understand economics.
 
2010-09-15 06:25:31 PM
MBA Whore: Angel of Death 2010-09-15 06:17:30 PM
I'm torn. Their continued presence in the workforce will make it harder for younger, less experienced people to break into the job market, but at the same time, it is gratifying to see the people who ruined the country have to work until they drop dead.

WTF is this Baby-Boomer hate? Most Baby-Boomers I know have contributed a shiatload more to my life than people my age. Perhaps I am the exception?


Eh, it's standard fare. I'm periodically guilty of it, certainly.

In my better moments I just remind myself that if I can't out-compete someone who didn't have the advantage of growing up with computer technology from day one, then I don't 'deserve' to get their job.
 
2010-09-15 06:25:55 PM
MBA Whore: WTF is this Baby-Boomer hate?

Something to do with living beyond your means.
 
2010-09-15 06:29:04 PM
Fizics: Honestly? If it wasn't for the Baby Boomers, this country probably couldn't function anyway. My generation built this country to what it is today and we did it without any "entitlements" like you see with the kids today. We simultaneously ended the Vietnam War and purged corruption from The White House and somehow made room to enjoy the greatest concert of all time. What came after us? Oh yeah... rap.

People wonder why we are still in the workforce, haha.


Hahaha, oh man... Nearly got me there.
 
2010-09-15 06:30:36 PM
crab66: MBA Whore: WTF is this Baby-Boomer hate?

Something to do with living beyond your means.



THIS. Most Baby boomer CAN actually afford to retire and have plenty to get by on. But they want to keep building up the old "nest egg" so they can continue to buy themselves a brand new car every two years and go out to dinner at a nice restaurant two or three times a week. Meanwhile, younger people who are trying to support a family are losing their homes because there aren't enough jobs to go around.
 
2010-09-15 06:33:09 PM
If they all retire social security will collapse. If they don't retire they continue to hog jobs that younger workers really need right now. Well I have a solution for all those pesky baby boomers.
makeiteighteh.files.wordpress.com
 
2010-09-15 06:33:51 PM
i farking hate baby boomers. fffffuuuuuu!!!
 
2010-09-15 06:34:18 PM
the masked farker: crab66: MBA Whore: WTF is this Baby-Boomer hate?

Something to do with living beyond your means.


THIS. Most Baby boomer CAN actually afford to retire and have plenty to get by on. But they want to keep building up the old "nest egg" so they can continue to buy themselves a brand new car every two years and go out to dinner at a nice restaurant two or three times a week. Meanwhile, younger people who are trying to support a family are losing their homes because there aren't enough jobs to go around.



While there are probably more Boomers that have to scrape by and never did anything stupid, there are plenty that complain that they can't retire AND afford a new European car AND a annual cruise on what they saved.

When did retirement become living like a rich teenager for 30 years?
 
2010-09-15 06:34:20 PM
Fizics
Honestly? If it wasn't for the Baby Boomers, this country probably couldn't function anyway. My generation built this country to what it is today and we did it without any "entitlements" like you see with the kids today. We simultaneously ended the Vietnam War and purged corruption from The White House and somehow made room to enjoy the greatest concert of all time. What came after us? Oh yeah... rap.
People wonder why we are still in the workforce, haha.


I'm too busy working to catch whether that was sarcasm.
 
2010-09-15 06:34:21 PM
Headline: Good News...
Tag: Sad
Missing Tag: Obvious
 
2010-09-15 06:35:31 PM
I always used to wonder who these irresponsible boomers were. After all, my dad worked all the overtime he could get as a carpenter for GM for 30 years. He's retired, and he's sure not falling short.

Then I met my mother-in-law. Whenever she saves up a bit of money, she finds something to spend it on. She had a whole $1000 saved up, so she bought a camera for her husband. She just got her tax refund? Well, she hates her job, so it must be time to quit and live off that for a couple months till it runs out, and then borrow mortgage money from us until she finds another job. When you talk to her about a budget or dieting, the response is the same: "You have to treat yourself once in a while!" Yeah, after working since she was 20, she's treated herself to a whole $1000 retirement savings in a low-yield CD, and 100lbs of extra weight.

But it's all the government's fault and bad luck! She had no control over any of it!
 
2010-09-15 06:35:34 PM
Fizics: My generation built this country to what it is today and we did it without any "entitlements" like you see with the kids today.

You mean like the GI Bill?
 
2010-09-15 06:35:42 PM
Thats ok . I been paying into this social security thing for years now and it's gonna pay off BIG TIME !
 
2010-09-15 06:36:12 PM
Here in Nevada, you actually apply for an interview at McDonalds now.
 
2010-09-15 06:36:24 PM
MOST baby boomers have saved absolutely nothing, and don't have a nest egg beyond Social Security.

I'm 5-10 years away from a paid off house and full income replacement retirement, because I'm the rare ant among the grasshoppers. I'll probably continue to work part time anyway, because the next-gen folks don't seem to know how to do anything, nor do they care.
 
2010-09-15 06:36:54 PM
My retirement plan is forty five with a .45.
Fark getting old.
 
2010-09-15 06:38:34 PM
So the Roe v Wade decision will help the economy?
 
2010-09-15 06:40:16 PM
Fizics: Honestly? If it wasn't for the Baby Boomers, this country probably couldn't function anyway. My generation built this country to what it is today and we did it without any "entitlements" like you see with the kids today. We simultaneously ended the Vietnam War and purged corruption from The White House and somehow made room to enjoy the greatest concert of all time. What came after us? Oh yeah... rap.

People wonder why we are still in the workforce, haha.



Did you Boomers do so much drugs that you actually believe that?
 
2010-09-15 06:41:21 PM
Ego edo infantia cattus: My retirement plan is forty five with a .45.
Fark getting old.


How Mavericky!
 
2010-09-15 06:42:02 PM
There are plenty of jobs out there if you're good.

Hell, I pretty much suck and there are jobs out there for me.
 
2010-09-15 06:42:14 PM
whatsupchuck: MOST baby boomers have saved absolutely nothing, and don't have a nest egg beyond Social Security.

I'm 5-10 years away from a paid off house and full income replacement retirement, because I'm the rare ant among the grasshoppers. I'll probably continue to work part time anyway, because the next-gen folks don't seem to know how to do anything, nor do they care.


Just to be clear, which of the 4 "Next generations" are you referring to? 1965-2010 isn't one "Next Generation"

GenXers are fixated on the 80s.
GenYers want to be Reagan or Che while using an iPhone.
Millenials can no ready good or talk pretty like.
 
2010-09-15 06:43:13 PM
So, Im currently 26, and I have been saving since the age of 18. My retirement savings aren't huge, but they are larger than anyone else I know who is my age.

Am I going to get screwed out of my carefully planned retirement somehow?
 
2010-09-15 06:43:35 PM
This just in from Rick Romero: Baby Boomers are morons. More on this at 11!

/My parents are the exception, even considering my mom's public school pension going bye-bye.
 
2010-09-15 06:44:04 PM
I need $6T to retire?

My projections seem a little short now...
 
2010-09-15 06:44:06 PM
Thanks boomers...

Hurry up and die already so we can find jobs.
 
2010-09-15 06:45:12 PM
If two of the boomers I work with retire, each takes 30+ years of industry knowledge with them. Losing that knowledge could be devastating to the business.

I'm not too bummed they are sticking around at the moment. I'm trying to learn as much as I can from them before they retire. I figure another 2 -3 years before the do.
 
2010-09-15 06:45:13 PM
crab66: MBA Whore: WTF is this Baby-Boomer hate?

Something to do with living beyond your means.


Or more to the point they're leaving their children with a IOU for about 30-40 trillion dollars. If your under 40 your only option for retirement is to have a stroke and spend your golden years pissing your diaper while the staff at the state run old folks home abuse you. Otherwise your gonna work until you drop to pay off money that was spent before you were born.
 
2010-09-15 06:45:27 PM
Great Justice: So, Im currently 26, and I have been saving since the age of 18. My retirement savings aren't huge, but they are larger than anyone else I know who is my age.

Am I going to get screwed out of my carefully planned retirement somehow?


Yeah, when they repeal the tax-free status of the Roth IRA to pay for rebuilding China.
 
2010-09-15 06:46:50 PM
Great Justice: So, Im currently 26, and I have been saving since the age of 18. My retirement savings aren't huge, but they are larger than anyone else I know who is my age.

Am I going to get screwed out of my carefully planned retirement somehow?


No. You're rich.
 
2010-09-15 06:47:13 PM
you have pee hands: There are plenty of jobs out there if you're good under 40.
 
2010-09-15 06:47:29 PM
HA HA, doesn't apply to me, I'm actually a War Baby, the big war WW2.
I truely feel sorry that the current generation will never work for a company that will give them a full retirement plan, fully paid health insurance, 401, and real vacation time.
Kids, don't think for one minute that Social Security will be enough for you to survive on. trust me
 
2010-09-15 06:47:39 PM
The $6.6 trillion figure is based on projections of retirement and income for American workers ages 32-64.

Ah, yes, the tiny slice of Americana that is citizens born between 1946 and 1978. Truly, they are the greatest few generations.
 
2010-09-15 06:50:19 PM
Atharaenea: But it's all the government's fault and bad luck! She had no control over any of it!

Urgh, people like that make me stabby. My husband and I are used to being poor college students, so we're quite accustomed to being frugal and living within our means. We're working on paying off existing debts before we pick up anything new, and if we do, it's going to be something we need, not just some shiny toy or something with which to keep up with the Joneses. We cook for ourselves a lot and we're damn good at it. He's going to college for a degree to work in the tech industry, and I've got six years creditable toward a military retirement, and I need twenty to get it.

So yeah, we're not living the "high life" right now, but we're making plans so that we've got a guaranteed future, and we take our happiness where we can. Things are sometimes rough, but because we're smart (and disciplined) enough to save our paychecks that aren't going directly to bills and the like, any time an emergency does happen, we're prepared, and we still have a little left over for a monthly treat if we're so inclined. Farking fiscal responsibility, how does it work?

/both of us are 29
//job market still has us worried :(
 
Displayed 50 of 168 comments

First | « | 1 | 2 | 3 | 4 | » | Last | Show all



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report