Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

With A Straight Face, US Government "Finds" Number Of Retiring 20-24 Year-Olds Has Doubled
Zero Hedge ^ | 1/4/2016 | Tyler Durden

Posted on 01/06/2016 8:35:36 AM PST by GilGil

But nothing compares to the latest farce released recently by the Bureau of Labor Statistics, the same guys whom we caught fabricating jobs data back in September 2013.

As everyone knows, one of the biggest question marks surrounding the US labor market is the 95 million of Americans not in the labor force, resulting in the lowest labor force participation rate since the mid-1970s...

For Americans between the ages of 20 and 24, the share of those sidelined over the past decade because they were in school increased, unsurprisingly, during the decade that included the Great Recession. What's more unusual is that the share of 20- to 24-year-olds who say they're retired doubled from 2004 to 2014.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: 2016; election; employment; trump
Navigation: use the links below to view more comments.
first 1-2021-34 next last
This explains why the economy is doing so well. With people retiring as early as their mid twenties and with that figure having doubled in 10 years this economy has turned into a miracle.
1 posted on 01/06/2016 8:35:36 AM PST by GilGil
[ Post Reply | Private Reply | View Replies]

To: GilGil

That was a joke on the first season of Portlandia in 2012.

“Come to Portland. It’s where young people go to retire!”

Guess no one is laughing anymore.


2 posted on 01/06/2016 8:36:40 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil

3 posted on 01/06/2016 8:36:56 AM PST by GilGil
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil

HAHAHAHAHA. And some tool will come on this thread to defend government statistics and insist the economy is “improving”.


4 posted on 01/06/2016 8:38:19 AM PST by Stentor
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil
Retired as in not having to work anymore because they are on welfare.

Most retirees do something to keep busy in the retirement years, some do make money in their spare time.

How many of these "retirees" are selling pot and drugs on the side?

5 posted on 01/06/2016 8:39:30 AM PST by Slyfox (Ted Cruz does not need the presidency - the presidency needs Ted Cruz)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Slyfox

You are probably guilty of some kind of micro-aggression!


6 posted on 01/06/2016 8:40:32 AM PST by GilGil
[ Post Reply | Private Reply | To 5 | View Replies]

To: Buckeye McFrog

I went to a friends kid’s “home” yesterday to help pull some new wire for the kitchen.

5 people 25-30yo’s all unemployed including my friend’s daughter living in a three bedroom house. Every one of them on government assistance. Not a job among them. Shocking.


7 posted on 01/06/2016 8:41:13 AM PST by mad_as_he$$
[ Post Reply | Private Reply | To 2 | View Replies]

To: Slyfox

The are playing ‘Zombie Apocalypse’ in the basement.


8 posted on 01/06/2016 8:41:56 AM PST by fhayek
[ Post Reply | Private Reply | To 5 | View Replies]

To: GilGil

Aside from being a silver Spooner or winning the lottery, how do you retire at that age?


9 posted on 01/06/2016 8:42:16 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil
But it begs the question..
How were they able to retire?
Permanent SS "disability?"

Or some other disguised form of permanent welfare?

More inside the cart.
Fewer pulling it?

10 posted on 01/06/2016 8:42:23 AM PST by publius911 (IMPEACH HIM NOW! evil ignorant stupid or crazy-doesn't matter!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mad_as_he$$
5 people 25-30yo’s all unemployed including my friend’s daughter living in a three bedroom house. Every one of them on government assistance. Not a job among them. Shocking.

Sounds like a bad British sitcom from the early 80's.


11 posted on 01/06/2016 8:43:05 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 7 | View Replies]

To: GilGil

LOL…”retired” in this case means sleeping in Mom’s basement because there are no jobs. With Starbuck’s hiring more college graduates than they need, the unemployed are forced into “retirement” without ever having had a job. Sick... the fresh load of lies published every week for our consumption by the Democrat media.


12 posted on 01/06/2016 8:47:17 AM PST by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil

Yeah...I saw one this morning with a 5 year old kid and a weeks-old baby under her arm at Walmart logging up a $120 bill. She snuck up that SNAP card and swiped it lickety split. Went outside and got in a brand new minivan.....

She was dressed very nicely and maybe 20....


13 posted on 01/06/2016 8:47:37 AM PST by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil

I hope this economic slide becomes impossible to gloss over well before the election instead of the collapse coming after the election. If it happens after a Republican takes office then it will be blamed on Republicans by just about everyone with a voice. If it happens after the Democrat takes office it will be entirely irrelevant to the future of the former Republic.


14 posted on 01/06/2016 8:48:15 AM PST by arthurus (Het is waar. Tutti i liberali sono feccia.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: KC_Lion

I suppose I ‘retired’ at age 18?


15 posted on 01/06/2016 8:49:31 AM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: publius911

They are living with their parents. Why work when you can play video games and your mom makes your bed? Just wait for them to die and take the house.


16 posted on 01/06/2016 8:50:28 AM PST by thefactor (yes, as a matter of fact, i DID only read the excerpt)
[ Post Reply | Private Reply | To 10 | View Replies]

To: GilGil

Are these disabled vets?


17 posted on 01/06/2016 8:57:20 AM PST by BlackAdderess (Proud member of the "vulgar unwashed masses")
[ Post Reply | Private Reply | To 1 | View Replies]

To: GilGil

I’ve got a couple of distant cousins who got knocked up by guys who have retired by their early 20’s.


18 posted on 01/06/2016 8:57:45 AM PST by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
[ Post Reply | Private Reply | To 1 | View Replies]

To: thefactor

Yeah wait until stay-at-home parents die and they found the house they expected was reversed mortgaged down to zero equity


19 posted on 01/06/2016 8:58:25 AM PST by AU72
[ Post Reply | Private Reply | To 16 | View Replies]

To: GilGil

It’s been planned for a long time to turn the United States into a de-industiralized welfare state. This is the goal of the One World Government type people.

Here’s a quote from 1962. He’s off by many years, but it’s still interesting:

“The image of the world in 1987 as traced in my imagination: the Cold War will be a thing of the past. Internal pressure of the constantly growing intelligentsia in Russia for more freedom and the pressure of the masses for raising their living standards may lead to a gradual democratization of the Soviet Union. On the other hand, the increasing influence of the workers and farmers, and rising political importance of men of science, may transform the United States into a welfare state with a planned economy. Western and Eastern Europe will become a federation of autonomous states having a Socialist and democratic regime.

- Ben-Gurion, first Prime Minister of Israel, invited in Jan. 16, 1962 to predict what the world would be like in 25 years, wrote in LOOK magazine


20 posted on 01/06/2016 8:58:28 AM PST by Vic S
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-34 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson