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Millennials Aren’t Saving Because They Think Capitalism Will Be Finished By The Time They Reach 65
townhall.com ^
| 3/20/2018
| Matt Vespa
Posted on 03/20/2018 7:35:50 AM PDT by rktman
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They better hope it's not dead before they reach 65 or they may not make it to 65. Guess the never heard of Venezuela? East Germany. Soviet Union. Red China. North Korea. The list goes on and on.
1
posted on
03/20/2018 7:35:50 AM PDT
by
rktman
To: rktman
Millennials don’t save. It takes all to exist.
2
posted on
03/20/2018 7:37:59 AM PDT
by
bert
(K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
To: rktman
They’re partially correct.
I see all the trends in place to turn America into someplace like Brazil or Bolivia.
3
posted on
03/20/2018 7:39:54 AM PDT
by
PGR88
To: bert
When the vast majority don’t save, what’s the point of saving, if the government will just take the money from the savers, anyway?
4
posted on
03/20/2018 7:40:03 AM PDT
by
dfwgator
To: rktman
5
posted on
03/20/2018 7:40:55 AM PDT
by
fieldmarshaldj
("It's Slappin' Time !")
To: rktman
Misleading headline. It says :”
In an incredible article on Salon, a full two-thirds of millennials admit that they haven't started a savings account for their golden years. But, perhaps more shocking, a significant group of millennials seem to believe they don't need to, because by the time they're old enough to stop working, America will have become a Socialist Workers paradise which will no longer require them to meet financial obligations.” They don't say what they mean by ‘significant group’ so it tells us nothing.
The 2/3rds makes sense if they got student loans and need a car and saving for a house.
6
posted on
03/20/2018 7:41:36 AM PDT
by
sickoflibs
(Florida school safety bill=gun grabbing)
To: rktman
They are right, but in the self-fulfilling prophecy kind of way. When the last generation of Free-Range Children hits Medicare, America as a free nation will end to the thunderous applause of the Leash-Kids who were Heliocopter-Parented.
7
posted on
03/20/2018 7:42:28 AM PDT
by
Bryanw92
(Asking a pro athlete for political advice is like asking a cavalry horse for tactical advice.)
To: bert
How can they save when they are in debt to colleges,and they only want 15 bucks an hour
To: rktman
"Capitalism" is an evil buzzword used by Socialists as a sort of Bogeyman. They then build the dream that maybe the Bogeyman will go away.
But apart from any "triggering" vocabulary words, the essential reality is this:
The Law of Supply and Demand is not likely to be repealed any time soon.
9
posted on
03/20/2018 7:43:25 AM PDT
by
ClearCase_guy
(Racism against Whites is a real thing. Let's stop pretending it isn't.)
To: sickoflibs
Well if they’re “not of color”, all those things are basically free right?
10
posted on
03/20/2018 7:43:36 AM PDT
by
rktman
(Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
To: rktman
Capitalism is on life support right now. The US is more socialist than capitalist at this point.
Regardless of the situation, they will still be left to fend for themselves.
11
posted on
03/20/2018 7:43:41 AM PDT
by
ChildOfThe60s
(If you can remember the 60's....You weren't really there)
To: rktman
The ignorant younguns are going to have a rude awekening one day, eh?
I wont pity them the internet gives them all the info they need to wake up, but they willfully ignore it. Spitefully, even.
12
posted on
03/20/2018 7:44:05 AM PDT
by
polymuser
(Its terrible to contemplate how few politicians are hanged today. - Chestern)
To: rktman
Call it the “Free Market Economy”, better, more descriptive term than the Marxist “Capitalism” term, and brings to light the real problem - the millennials think freedom will be finished by the time they are 65. But I think they are wrong. I think we are going to see a New Birth of Freedom in the coming decades leading up to Christ’s Great Catching Up of his Saints, and THEN it will all come crashing down.
13
posted on
03/20/2018 7:44:24 AM PDT
by
Jim W N
To: ChildOfThe60s
And if they keep trying the may also be unarmed.
14
posted on
03/20/2018 7:44:27 AM PDT
by
rktman
(Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
To: bert
They also don’t trust that social security will be there for them. So neither do they save nor trust...in fact, they really have no realistic approach to the future at all.
They have learned well from their socialist mentors.
15
posted on
03/20/2018 7:44:33 AM PDT
by
henkster
(Monsters from the Id.)
To: PGR88
Those trends were set in motion by the George H.W. Bush administration.
The illegal alien inundation that is the key to turning the USA into North Mexico was a bipartisan policy of non-enforcement started by GWH Bush.
The next three Presidents after him accelerated the inundation.
We either restore the rule of law or we lose our country.
16
posted on
03/20/2018 7:44:46 AM PDT
by
Lurkinanloomin
(Natural Born Citizen Means Born Here of Citizen Parents__Know Islam, No Peace-No Islam, Know Peace)
To: henkster
Yup. That piggy bank was smashed a long time ago.
17
posted on
03/20/2018 7:45:18 AM PDT
by
rktman
(Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
To: rktman
They may or may not really believe capitalism will be dead by the time they are 65. Who knows?
People of all age brackets come up with all kinds of convenient excuses not to save money. :-)
To: plain talk
“In the long run, we’re all dead.” - John Maynard Keynes
19
posted on
03/20/2018 7:46:15 AM PDT
by
dfwgator
To: rktman
There will be greedy, grubby capitalists who will step in to make money off the morons, just like in the past
20
posted on
03/20/2018 7:47:15 AM PDT
by
RatRipper
(Unindicted co-conspirators: the Mainstream Media and the Democratic Party)
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