Ferrari Mailing List: Re: Retirement

[LarryT (L02turner]

and we used to laugh at Political Science and PhysEd majors...

On 11/2/2014 10:39 AM, Rick Lindsay wrote:

Add to that, the boomerangs coming back on the Gen-Xers, thanks to really useful college degrees like Sustainable Organic Mushroom Farming! A friend of ours is getting a BS, appropriately named, in 'Home Creation of Organic Salves and Ointments'. Great career opportunity there!

The part that really frosts me is that the few Boomers who worked their asses off, lived frugally, and saved almost to the point of pain, are now blamed for being better off than average. Punishment for incentives is the quest of the socialist party. Here we go...

-------- Original message --------

From: Erik Nielsen

Date:11/02/2014 9:22 AM (GMT-06:00)

To: Rick Lindsay

Cc: The FerrariList

Subject: Re: [Ferrari] Retirement

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 <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/l02turner%40comcast.net

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