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65% of Americans have little or nothing saved for retirement (link)
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Date: March 16th, 2018 11:19 AM Author: Olive ticket booth https://www.cnbc.com/2018/03/15/bankrate-65-percent-of-americans-save-little-or-nothing.html
The boomers will quickly boom through their meager retirement savings. They will then leech younger generations (even more) through higher income taxes or taxes on our retirement savings.
XO Poll: how are your parents doing with retirement savings? |
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Date: March 16th, 2018 11:23 AM Author: bright cerebral black woman state for most of these studies, they use erroneous processes such as polling 1,000 people who live in ghettos.
according to other studies, the average millennial has $100,000 in savings. |
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Date: March 16th, 2018 11:24 AM Author: Soul-stirring Lemon Deer Antler there is no fucking way the avg milennnial has that much saved (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619021) |
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Date: March 17th, 2018 9:44 AM Author: know-it-all frozen parlour depressive (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35625229) |
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Date: March 16th, 2018 11:25 AM Author: Olive ticket booth More concerned with Boomers, but ljl @ the average millenial having that much saved. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619025) |
Date: March 16th, 2018 11:19 AM Author: Glittery Yapping Puppy Locale my mom retired 2 years ago with only a $2000 CD to her name. not flame (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35618986) |
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Date: March 16th, 2018 11:21 AM Author: Olive ticket booth Wtf does she live on?
Own home? Pension? |
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Date: March 16th, 2018 11:21 AM Author: Glittery Yapping Puppy Locale SS
she only "owns" a car and she lives in my brother's house |
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Date: March 16th, 2018 11:24 AM Author: Olive ticket booth Good on your brother. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619018) |
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Date: March 16th, 2018 11:25 AM Author: Glittery Yapping Puppy Locale yes, thank god for him. she would go crazy with my other brother, my sister doesnt have the means, and im overseas (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619030) |
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Date: March 16th, 2018 11:26 AM Author: Olive ticket booth Do you help contribute at all? (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619035) |
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Date: March 16th, 2018 12:18 PM Author: Glittery Yapping Puppy Locale not yet, man (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619329) |
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Date: March 16th, 2018 12:20 PM Author: demanding theater stage My parents retired in their early 60s with only about $100,000 in savings.
But the combination of their pensions and early Social Security fully replaced their working income. |
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Date: March 16th, 2018 6:44 PM Author: abnormal toilet seat im calling not flame fucking boomers and their fucking pensions they grew up teaching our generation to leave a better world for future generations |
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Date: March 16th, 2018 11:23 AM Author: 180 incel My parents collect SS and have about $650k in retirement accounts. They have a house worth about $850k which is fully paid off. They live pretty frugally and believe strongly in passing on wealth. I actually tell them to spend a little more to enjoy themselves. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619013) |
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Date: March 16th, 2018 11:25 AM Author: Olive ticket booth Good for them, they are doing well. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619028) |
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Date: March 16th, 2018 11:27 AM Author: seedy spectacular windowlicker senate Dear God tell them inheritance is flame and to live a little (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619039) |
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Date: March 16th, 2018 11:33 AM Author: navy electric center selfie (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619089) |
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Date: March 16th, 2018 11:24 AM Author: navy electric center selfie My parents own their own home and cars outright and SS covers their monthly bills. It's more than enough in are country. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619023) |
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Date: March 16th, 2018 11:26 AM Author: Olive ticket booth Holy shit, is SS really enough if you have no other expenses than food? (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619031) |
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Date: March 16th, 2018 11:31 AM Author: Hateful Provocative Toaster Menage Ofcourse it is. If you haven't noticed XO is either retarded or flame (or both) about money. "Wah wahh... we make 450k HHI and can't afford a house" is utter garbage talk. Much of this country lives on 59K HHI and does just fine. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619071) |
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Date: March 16th, 2018 11:31 AM Author: navy electric center selfie I mean, basically? They do have other money that they can use if they feel like it, but their bills are basically non-existent. They've also had decades to accumulate all the shit they want, they're not interested in traveling, what else would they even spend money on at this point? (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619078) |
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Date: March 16th, 2018 11:33 AM Author: sinister old irish cottage impending crippling medical and longterm care bills (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619093) |
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Date: March 16th, 2018 12:26 PM Author: Olive ticket booth Ths is what I was thinking (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619381) |
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Date: March 17th, 2018 9:35 AM Author: tantric bbw rehab Of course. SS is not a bad system at all because it's based off the incomes of current workers. XO may not LIKE that setup but it does, in fact, work for it what it is. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35625186) |
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Date: March 17th, 2018 9:40 AM Author: Olive ticket booth I dont think XO is categorically opposed to SS, we take issue with the way that Boomers in Congress have managed it. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35625205) |
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Date: March 16th, 2018 11:34 AM Author: Opaque hell my dad is dead and mom is impoverished/on welfare. both cr retirement outcomes. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619096) |
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Date: March 16th, 2018 11:35 AM Author: Insecure space Just become a government employee (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619107) |
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Date: March 16th, 2018 12:21 PM Author: Cracking Flushed Resort Legend Dad died young with like 150k in retirement accounts, but could live adequately on social security.
Mom probably has 100k in retirement, 100k in equity and will inevitably be forced to move in with me.
They’ve scared me enough that I’ve been a big retirement saver. |
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Date: March 16th, 2018 12:38 PM Author: Olive ticket booth Nothing wrong with having retired parents move in with you. Its actually good for kids to have that generational perspective and is a good cost saving measure. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619442) |
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Date: March 16th, 2018 1:06 PM Author: Cracking Flushed Resort Legend I agree and am good with it. Wife is on board too. But you gotta buy a bigger place. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619573) |
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Date: March 16th, 2018 1:26 PM Author: Olive ticket booth Absolutely, but its much cheaper to have a larger house with an en suite than it is to have two homes. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619691) |
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Date: March 17th, 2018 1:33 PM Author: brass fiercely-loyal hominid Agree. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35626038) |
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Date: March 16th, 2018 12:41 PM Author: gold faggot firefighter station $2m, house almost paid off. They will most definitely boom through it before they die. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619467) |
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Date: March 16th, 2018 1:27 PM Author: Olive ticket booth Nothing like a home equity loan for gratuitous booming. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619698) |
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Date: March 16th, 2018 1:27 PM Author: Cream volcanic crater One of my parents copped a nice pension in a blue state lmfao. not 6 figs or anything but they should be fine (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35619702) |
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Date: March 16th, 2018 6:22 PM Author: deep corn cake market Combined they have about 30k in retirement accounts. Not flame. Mom is retiring next year and will have a modest teacher pension. Dad will work until he dies. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621635) |
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Date: March 16th, 2018 6:24 PM Author: sable haunted graveyard why save for retirement? people retire and then they die, no thanks (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621644) |
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Date: March 17th, 2018 1:03 PM Author: demanding theater stage Work is death by other means.
The issue is how much freedom you get. |
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Date: March 16th, 2018 6:56 PM Author: vivacious cumskin factory reset button I bet those parents who are doing well are older boomers and those who aren't are younger boomers. Born after 1955 -> lower standard of living. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621856) |
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Date: March 16th, 2018 6:57 PM Author: Racy institution sweet tailpipe There's only one true retirement and we all get to see it one day. (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35621867) |
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Date: March 16th, 2018 11:12 PM Author: Olive ticket booth tho dark (http://www.autoadmit.com/thread.php?thread_id=3920433&forum_id=2#35623481) |