Ferrari Mailing List: Re: Retirement

[Rick Moseley (ramosel]

Well put!

I'm appalled at the lack of foresight by many of my friends.  Many of whom flaunt their "millionaire" status but are mortgaged to the hilt, owe six figures on their cars and often times defer bills in favor of yet another "keep up with the Jones" vacation.   Hell, I keep more in my safe than most of them can lay their hands on next week.  It's got to be a holdover from the instant gratification mentality of the 80s.  Seems very few learned a damn thing from the last 8 years. 

The ones that get me are the ones that put their Starbucks coffee on a credit card... Not because they are lazy but because they have to!

I firmly believe that if the dems/socialists got their way and there was a complete redistribution of money tomorrow, in 5 years most of it would be right back where it is today. 

Rick

On Nov 2, 2014, at 7:22 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Rick:

Contrary to popular belief, the “average" American is by no means wealthy nor have they ever been.

https://www.census.gov/hhes/www/income/data/historical/inequality/table_IE-1A2.pdf

The statistics are pretty ugly if you start digging into the details, map disparities of cost of living based on geography on top of it, and its amazing we don’t have more rioting in the streets.  I’m guessing the boomers are going to do their best to pass us Gen-Xers the bill.  And with the majority of the wealth that does exist in equities or personal real estate, the question pops up, who is going to buy all of this stuff?  

Politicians are just salivating to get their piece of the action as we’re about to see the largest transfer of wealth in human history, the tax man is going to want his cut…

It is unsustainable, probably need a big smoking heap to reset the status quo, not sure when it will happen, but I would’t bet against it. 

Erik

On Nov 2, 2014, at 8:24 AM, Rick Lindsay <richardolindsay [at] gmail.com> wrote:

Hi Gang,

Just read that 1/3 of retirement age Americans have less that $1000 in savings! WTF? Walmart can't support that many 'Greeters'! And some how, its now my fault.

_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/judge4re%40gmail.com

Sponsored by BooyahMedia.com
and F1 Headlines
http://www.F1Headlines.com/

_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
http://lists.ferrarilist.com/mailman/options/ferrari/ramosel%40pacbell.net

Sponsored by BooyahMedia.com
and F1 Headlines
http://www.F1Headlines.com/