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Are Baby Boomers Stealing Jobs from the Young? (Part 1)
Townhall.com ^ | May 12, 2012 | Political Calculations

Posted on 05/12/2012 6:28:23 AM PDT by Kaslin

Walter Russell Mead writes on the disappearance of jobs for non-Baby Boomers:

An analysis of recent jobs figures at Investor.com reveals a disturbing development: the biggest beneficiaries from the economic recovery are Boomers, while everyone else is getting the shaft.

Since the Obama administration took office, there has been an epochal shift. Young workers have continued to lose jobs and incomes, while older workers have actually gained ground.

In fact, the Obama administration has seen a boom in the prospects of the 55+ crowd; their (I should say ‘our’) employment stands at a 42 year high. Net, there are 3.9 new jobs for people over 55 since the recession began in December 2007, but there are 8.1 million fewer jobs for the young folks since that time.

Jed Graham's IBD article features a chart that shows the employment-to-population ratio that applies for the following age groupings: Age 16-24, Age 25-55 and Age 55 and up:

The Great Generational Job Divide = Source: Investor's Business Daily

In the chart, we see that those Age 55 and older would appear to have a near constant share of their population group having jobs.

Meanwhile, we see significant decreases in the employment share of the populations for both the Age 25-54 group and especially for the Age 16-24 group since December 2007, which marks the beginning of the so-called "Great Recession".

We thought that outcome was interesting enough to dig deeper into the data to see how the age distribution of the U.S. workforce has changed over this period of time.

And to make it really interesting, we've decided to go back to November 2006 to do it. Here's why:

  1. The seasonally-adjusted level of total employment for the U.S. economy hit its all time peak in November 2007, just ahead of the Great Recession. Going back to November 2006 will allow us to capture the last full year of economic expansion for the U.S. economy.
  2. Coincidentally, the seasonally-adjusted number of teens (Age 16-19), who represent the lowest end of the age groups for which the BLS reports monthly jobs data, and is also the most negatively affected group over this period of time, last peaked in November 2006. Going back to this point in time will also fully capture what has happened with teen employment in the years since.
  3. The BLS breaks almost all of its age-related jobs data into five-year long cohorts, covering groupings like Age 20 to 24, Age 25 to 29, Age 30 to 34, et cetera. Going back to November 2006 will allow us to see how the employment situation for the same people whose employment was recorded in one of the age groups in November 2006 changed after they all moved up into the next higher age cohort in November 2011.

The downside to our more detailed approach is that we're not going to be able to use the BLS' seasonally-adjusted data for these older five-year age groupings, because the BLS only reports the non-seasonally adjusted data it collects for them, which means that the data we'll be using won't match these more commonly reported values.

Still, because we'll be comparing the data for the same month (November) five years apart, our analysis should only differ in very minor respects from what might be achieved using seasonally-adjusted data, if it had been available.

We're going to do this in a three-part series of posts, with this post being the first. Our next stop: the change in the age distribution of the American workforce from November 2006 to November 2011!


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: babyboomers; boomers; employment; jobs
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1 posted on 05/12/2012 6:28:27 AM PDT by Kaslin
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To: Kaslin

The young voted for this fundamental change.


2 posted on 05/12/2012 6:30:10 AM PDT by Paladin2
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To: Paladin2

More Boomers voted for Obama than McCain. The only demographic that McCain won was over 65. That’s it.

Someone finally noticed what I’ve been saying for a long, long time. Boomers are screwing everyone else over. Not to mention grandfathering pensions so that they get theirs, and everyone else gets nothing.


3 posted on 05/12/2012 6:32:50 AM PDT by JCBreckenridge
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To: JCBreckenridge
"In the last three general elections - 2004, 2006, and 2008 -- young voters have given the Democratic Party a majority of their votes, and for all three cycles they have been the party's most supportive age group. This year, 66% of those under age 30 voted for Barack Obama making the disparity between young voters and other age groups larger than in any presidential election since exit polling began in 1972. "

You need to find a new boogie man for why you are a victim.

4 posted on 05/12/2012 6:35:40 AM PDT by Paladin2
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To: JCBreckenridge

BS Boomers are working so what.


5 posted on 05/12/2012 6:36:22 AM PDT by svcw (If one living cell on another planet is life, why isn't it life in the womb?)
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To: JCBreckenridge

So boomers should give their pensions to the Occupy crowd? Don’t think so.


6 posted on 05/12/2012 6:39:41 AM PDT by ilovesarah2012
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To: Kaslin

More Baby Boomers now “have” to work, whereas many “kids these days” can just live with Mom and/or Dad.


7 posted on 05/12/2012 6:40:38 AM PDT by 9YearLurker
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To: Kaslin

Are baby-boomers “stealing jobs,” or are they 1)showing up on time 2)consistently 3)with tasks/projects completed on time? Do they 4)have experience and knowledge that the younger set has not yet accumulated? 5)Do they text or do Facebook all day long?

Is it considered “job-stealing” to work to pay your bills and plan your retirement? Or, are baby-boomers being “given the shaft” for being so bold as to exist?


8 posted on 05/12/2012 6:40:58 AM PDT by Clara Lou
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To: Kaslin

I’m 61 and I’m gonna work until they nail the lid shut.

I guess that makes me an enemy of the people.


9 posted on 05/12/2012 6:42:38 AM PDT by joeystoy
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To: Kaslin

First one to the table gets the most.

Early bird gets the worm.

Early to bed, early to rise, makes a man healthy, wealthy, and wise.

All things come to he who waits.


10 posted on 05/12/2012 6:42:50 AM PDT by csmusaret (Obama's new slogan: "Fo Mo Mo Fo.")
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To: svcw
BS Boomers are working so what.

No kidding. I'd rather hire a boomer than an under 30 moron who may or may not show up tomorrow depending on how he feels.
11 posted on 05/12/2012 6:44:06 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: JCBreckenridge
Someone finally noticed what I’ve been saying for a long, long time. Boomers are screwing everyone else over. Not to mention grandfathering pensions so that they get theirs, and everyone else gets nothing.

The largest voting demographic, that is people who actually vote, is the seniors. As the boomers age, this demographic continues to swell. It is simple math. Boomers will own the vote for the next decade or so.

A rough look at the numbers: about 80 million born from 1945 to 1965. Add 65 years to 1945 and you get the year 2010. So, on average, 4 million boomers will reach the retirement age and the golden voting demographic of 65 years old. The deluge has begun. Results? the Me-me-me folks are going to get what they ask for; Gen X, Y & Z can go pound sand.

12 posted on 05/12/2012 6:44:31 AM PDT by VRW Conspirator (Article 58)
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To: VRW Conspirator

No—Obama’s death panels will thin the aged herd quite efficiently, thank you.


13 posted on 05/12/2012 6:46:31 AM PDT by 9YearLurker
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To: joeystoy
I’m 61 and I’m gonna work until they nail the lid shut.

I don't think you have to worry.

http://www.patburt.com/

14 posted on 05/12/2012 6:46:40 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord!)
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To: Kaslin

That’s a lot of jobs for the boomers. I didn’t know there were that many Wal-Mart greeter positions available.


15 posted on 05/12/2012 6:48:56 AM PDT by umgud (No Rats, No Rino's)
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To: stars & stripes forever

I’m 61 and I’m gonna work until they nail the lid shut.

I don't think you have to worry.

http://www.patburt.com

16 posted on 05/12/2012 6:49:37 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord!)
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To: Kaslin

If an employer is willing to overlook what can sometimes be a cost hit to the group health plan in hiring an older employee, and that older employee manages to get past the sometimes blatant bias directed toward them, then I’d say the older employees are regarded as the better hire.

Younger hires cost less, but are losing out. What might tjis mean, that their value is suspect despite their lower cost? I’d say yes, in general. Work ethic and ethics in general are fading, but are still present generally speaking, among the 50+ age cohort, all the negative Boomer stereotyping aside.

You can’t have something stolen from you, that never belonged to you to begin with.


17 posted on 05/12/2012 6:50:09 AM PDT by RegulatorCountry
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To: joeystoy
I’m 61 and I’m gonna work until they nail the lid shut.

And the reality is that most of us are going to do the same. The shift in the work place will be made due to those who are still working into their golden years but no longer require medical benefits because the Govmint is providing Medicare.

18 posted on 05/12/2012 6:50:56 AM PDT by VRW Conspirator (Article 58)
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To: Kaslin

Strife, strife, and more strife: race, sex, class, age. Divide and conquer, eh, Mr. President Pissboy?


19 posted on 05/12/2012 6:53:03 AM PDT by the invisib1e hand
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To: Kaslin
I am a Boomer approaching an early retirement. I am retiring not only for my own personal reasons, but I do want to provide my younger subordinates with an opportunity.

With that said, I will note that my generation and older valued hard work, diigence, and that you had to earn your promotions. The young now are an "entitlement generation" who embody the opposite. That may not be a popular opinion here, but as a Manager for 20 years is my observation.

FRegards...

20 posted on 05/12/2012 6:54:28 AM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: JCBreckenridge
Boomers are screwing everyone else over. Not to mention grandfathering pensions so that they get theirs, and everyone else gets nothing.

That may be the most liberal thing I have heard on FR in several months. Congratuations. I hope your Occupy thingy is going well too.

21 posted on 05/12/2012 6:58:15 AM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: JCBreckenridge
I'm a baby-boomer. I worked 22 years (after staying home with my children as long as was financially possible). Over that time I accumulated 130 days of sick leave-- because I showed up every day that I or one of my children wasn't too sick for me to be there. This year my feet (of all things) gave out. I can't work anymore because I can't stand all day. The shoes I have to wear cost me big time.
The only "pension" I'll draw is money I contributed over those 22 years and the state met with a 2.5% addition. Unless something kills me, I have reason to expect that I'll live into my 90's. Wish me luck. Or maybe you're wishing that I and others like me will crawl off and die, since we're so evil. BTW, I voted for McCain-- all the while holding my nose. I'll do the same for Obama's opponent. I haven't "screwed" you at all. You're a thoughtless person. [Please be aware that I am choosing my words carefully, unlike you with your filthy language. It's called civility. Try it some time.]
22 posted on 05/12/2012 6:58:27 AM PDT by Clara Lou
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To: JCBreckenridge

Boomers, generally speaking, also have a better work ethic, understand and deliberately fit into corporate culture, and have less “self-esteem” and feelings of grievance and entitlement. They are past their youthful angst, and don’t feel the need to “find themselves” or express themselves. And, have much fewer tattoos.


23 posted on 05/12/2012 6:59:27 AM PDT by SuzyQue
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To: Kaslin
Interesting stuff.

Move Over Boomers -- Gen-X And Gen-Y in the Coming Decades - January 25, 2004

24 posted on 05/12/2012 7:00:59 AM PDT by meadsjn (Sarah 2012, or sooner)
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To: Clara Lou

How else would you interpret the results here? If it were Boomers that were losing their jobs and getting laid off, we’d be hearing no end to the hue and cry.

Instead it’s happening to folks like me. Yes, I think it’s great that you were able to work for 22 years. I’d love to have the same opportunities as you did, but the stark numbers here show that for many, many of us, this is not going to be possible.

I’ve worked all my life - never took a dime of unemployment benefits, or been on welfare. I’ve had to accept a lower standard of living compared with the folks who do, because I’ve been let go and the only available jobs are part time.

And, I voted for McCain too. I’m not going to vote for Romney. Romney has an opportunity to actually do something to fix the system, but, he just doesn’t care. I thought that by voting for McCain, that it would actually accomplish something - it did, it just ensured that a RINO got elected.

I’ll be supporting Virgil Goode - a pox on both of their houses.


25 posted on 05/12/2012 7:03:36 AM PDT by JCBreckenridge
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To: catfish1957

Right, which is why you won’t even give us a chance. I have a degree, worked hard, actually paid the darn thing off. I’m really starting to get tired of looking for work and getting turned down.

Walk a mile in our shoes, and then see if you feel we’re the entitlement generation. You’ve had many, many opportunities that aren’t even going to be available for us.


26 posted on 05/12/2012 7:05:46 AM PDT by JCBreckenridge
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To: Kaslin

Other than the brave individuals that sacrifice themselves for their country, most youngers have definite labor and responsibility issues. Their parents take care of their needs and wants so there is little to no incentive. I’d hire a 55 year old with a family to feed in a heartbeat over some idiot 22 year old with nothing more to pay for than beer and cigs.


27 posted on 05/12/2012 7:10:02 AM PDT by albie
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To: Kaslin

I feel they are stealling jobs from me.


28 posted on 05/12/2012 7:11:25 AM PDT by television is just wrong
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To: catfish1957

“With that said, I will note that my generation and older valued hard work, diigence, and that you had to earn your promotions. The young now are an “entitlement generation” who embody the opposite.”

As a 22 year old recent college graduate, I agree with that statement. Unfortunately that stereotype is branded onto those of us who eschew that type of behavior and we suffer for it.


29 posted on 05/12/2012 7:11:25 AM PDT by Black_Shark
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To: catfish1957

“That may be the most liberal thing I have heard on FR in several months. Congratuations. I hope your Occupy thingy is going well too.”

Truth hurts. ‘Social security reform’, entails grandfathering everyone, but making sure that new hires get nothing. We’ll be paying for everything, and even if it can’t be paid for, they’ll borrow and borrow and borrow. Who cares?

You aren’t going to be around to have to pay it back...


30 posted on 05/12/2012 7:12:04 AM PDT by JCBreckenridge
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To: JCBreckenridge

a vote for Virgil = a vote for Obama


31 posted on 05/12/2012 7:12:14 AM PDT by Clara Lou
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To: 9YearLurker

The “Boomers” have to work to pay for the “kids” who move back home until they’re 30 or so....


32 posted on 05/12/2012 7:12:59 AM PDT by JW1949
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To: joeystoy
I’m 61 and I’m gonna work until they nail the lid shut.

That's if you can afford the coffin.../S

I think with me they will be using a Hefty bag twisty...

33 posted on 05/12/2012 7:13:59 AM PDT by Popman (America is squandering its wealth on riotous living, war, and welfare.)
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To: Clara Lou

Make that two votes for Obama then because I’m not voting for a republican candidate to the left of Bill Clinton either.

BTW you clowns really need to come up with a new line.


34 posted on 05/12/2012 7:14:12 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: JCBreckenridge

Couldn’t have said it better myself.

Thank you.


35 posted on 05/12/2012 7:14:30 AM PDT by Black_Shark
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To: 9YearLurker
More Baby Boomers now “have” to work, whereas many “kids these days” can just live with Mom and/or Dad.

Right ON! We can identify with that! What is more, we Baby Boomers know how to do things and the "kids" don't! (Although they all think they do! ;-)
36 posted on 05/12/2012 7:14:52 AM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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To: 9YearLurker

That might be a bigger part of it than we think. Many that I know that had planned to retire in the last few years are too worried to do so.

I would guess they’ve also taken quite a hit with their portfolios and aren’t in the financial shape they thought they would be in at this point in their lives.


37 posted on 05/12/2012 7:15:31 AM PDT by nodumbblonde ("The ladder of success is best climbed by stepping on the rungs of opportunity." - Ayn Rand)
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To: JW1949

You know, sometimes us “kids” don’t have a damn choice when there are NO JOBS for us.

Please don’t paint with a broad brush.


38 posted on 05/12/2012 7:16:08 AM PDT by Black_Shark
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To: Kaslin

I am thinking that maybe the best path to a strong nation is not to divide people into groups and then pit the groups against one another: race v. race, gender v. gender, generation v. generation, religion v. religion, working v. stay at home, class v. class, etc. We seem to be going more towards tribalism and pack thinking and away from individualism and freedom.


39 posted on 05/12/2012 7:16:52 AM PDT by Anima Mundi (ENVY IS JUST PASSIVE, LAZY GREED)
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To: Kaslin

My wife, a boomer who rarely misses a day, works with a number of young women. They take a day off for a hangnail. Then, when someone else takes a day off, they complain about always having to fill in for them. Of course, they are libs.


40 posted on 05/12/2012 7:17:00 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Kaslin
With the government STEALING our retirement funds, and our healthcare, why shouldn't the boomers STEAL the jobs? A lot of the "young" people don't really want a job, at least not one that involves work of any kind.

Employers want dependable people with a good work ethic, if the boomers fill that need better than the "young", then so be it.

Besides, you'd have to define (which) "young".

Maybe the boomers are actually out looking for jobs (in order to eat) instead of living in their parents home and playing video games all day.
41 posted on 05/12/2012 7:18:02 AM PDT by FrankR
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To: Kaslin

I am thinking that maybe the best path to a strong nation is not to divide people into groups and then pit the groups against one another: race v. race, gender v. gender, generation v. generation, religion v. religion, working v. stay at home, class v. class, etc. We seem to be going more towards tribalism and pack thinking and away from individualism and freedom.


42 posted on 05/12/2012 7:18:13 AM PDT by Anima Mundi (ENVY IS JUST PASSIVE, LAZY GREED)
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To: cripplecreek

Why change a line when it’s short, sweet, and to the point?

BTW, do you find that name-calling like a middle-schooler causes people to take you seriously?


43 posted on 05/12/2012 7:19:08 AM PDT by Clara Lou
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To: JCBreckenridge
Right, which is why you won’t even give us a chance.

I took the approach of not being greedy, and am retiring early, and your saying I am not giving a chance? I am leaving so a younger person can have the opportunity. How hypocritical is that?

I absolutly stand by my claim that yours is the "entitlement generation". Very few of these kids want to pay their dues, wanting promotions and opportunites, for no reasons. In my early days, working 50-70 hours was the rule to help get ahead. The young now value their down time too much to put in that effort. And when I do have them work OT, it is with displeasure. Lastly, the quality of work has seems to be less for the younger workforce. I have seen college graduates who almost appear illiterate, but want to be the next supervisor.

If you want another 50 examples Freepmail me I will bend your ear like no other.

44 posted on 05/12/2012 7:20:34 AM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: Anima Mundi

Agreed however there is a strong hatred of young people on FR.

The young are going to be the caretakers of this nation soon. Ever think that the older generation should be teaching the younger generation instead of despising and ignoring us?

Just a thought and this is not directed at you personally but rather FR in general.


45 posted on 05/12/2012 7:20:44 AM PDT by Black_Shark
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To: Kaslin
One thing about that chart is that it doesn't break down how many 55+ workers actually did lose their jobs, but then simply stopped looking for work - allowing the BLS to eagerly drop them from the unemployment calculations. The lower age brackets are far more likely to go on unemployment and state they are still looking for work - the older workers often just give up. So the whole thesis of the article is questionable.

If there is any division in the ranks, it shouldn't be boomers vs. younger workers but private sector workers who have lost their jobs due to the massive tax and regulatory structures required to feed and expand the porcine Federal and state bureaucracies vs. the beneficiaries of all of that government largesse.

46 posted on 05/12/2012 7:20:50 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: JW1949

That’s a good point, too. I know a heckuva lot of them who’ve been forced into raising their grandkids/great-grandkids because the parents are losers, addicts, drunks, or all of the above.


47 posted on 05/12/2012 7:21:24 AM PDT by nodumbblonde ("The ladder of success is best climbed by stepping on the rungs of opportunity." - Ayn Rand)
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To: catfish1957

I agree however not all of us are represented by that group.

Please don’t paint with a broad brush.


48 posted on 05/12/2012 7:22:28 AM PDT by Black_Shark
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To: JW1949
"The “Boomers” have to work to pay for the “kids” who move back home until they’re 30 or so...."

Who's fault is that ultimately?

49 posted on 05/12/2012 7:23:40 AM PDT by Paladin2
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To: Kaslin

I retired at 61 as the auto industry imploded in late 08.
That was definitely earlier than I had planned to leave but I’m enjoying it immensely. I think we emphasize finances too much vs the other things you get to enjoy, the gift of low stress, lots of time to do things you enjoy, etc. Things that don’t have to be expensive.

As for the “under 30” crowd, we shouldn’t paint them with too broad a brush. I hang out at an auto service shop that employs about 10 guys, most of them 25 to 35 age bracket and they all work darn hard.


50 posted on 05/12/2012 7:23:49 AM PDT by nascarnation
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