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Retirees Will Face Dire Straits [Baby Boomers to force following generations to suffer]
Newhouse News ^ | 6/23/3006 | Teresa Dixon Murray

Posted on 06/24/2006 11:14:12 AM PDT by Incorrigible

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To: ops33
I told both of my children not to count on any substantial inheritance from their Mother and I. Both of us believe we are under no obligation to leave anything to our adult children. There will be some estate, mostly property and house since we must live somewhere, but our goal is to spend all of our money and enjoy it. I told them that if they want any money to do what their Mother and I did, go out and earn it.

My grandfather told my father that if there was anything left (to inherit) it would be the result of a serious miscalculation. He had a pretty sharp pencil. The only thing recovered from my grandfather's estate was my dad's old .22 bolt action rifle. I have that now. My #2 son will have his grandfather's sword. It's the sword of a naval officer. My son is a Marine. He will have to buy his own when the time comes.

When my mom decided to sell the family home last October, my sister went on a "cleaning rampage". By the time I could travel 900 miles from Idaho to San Diego, there was nothing left of the furniture and household effects present when I last visited in July 2003. My sister sold, gave away or trashed nearly everything. If my mom hadn't spoken up, she might have been left with nothing but her clothes and some toiletries. She managed to keep pots, pans, dishes, a sofa a comfortable chair and her TV set.

261 posted on 06/24/2006 3:50:16 PM PDT by Myrddin
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To: debg
I appreciate your optimism

"a rifle behind every blade of grass" isn't just a historic quote.;-)

262 posted on 06/24/2006 3:50:57 PM PDT by Dosa26
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To: bornacatholic
Why are you gen x'ers so selfish? You know, it takes a village of taxpayers to keep me wined & dined and content and I am starting to get a little off-put by your "me me me" attitude.

Every thread of this type is loaded with vitriol from the Gen X bunch. I've paid maximum limits on social security and other related a taxes for 20 years and pretty close to max for 30 years. Every dime was disbursed to pay OTHER people.

I turn 50 at the end of August. I fully expect to work for another 20 years. I would be bored to tears in a retired state.

263 posted on 06/24/2006 3:55:32 PM PDT by Myrddin
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To: Dosa26

I have my rifle behind the blade of grass - maybe you missed it in my post.


264 posted on 06/24/2006 3:55:44 PM PDT by debg
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To: RadioCirca1970
And the real crime about all this is that we'll probably have to raise taxes to pay for "Health Officials" to collect the dead, since the rotting corpses of the elderly will carry the risk of disease.

A century ago, we had workhouses for the indigent elderly. My grandmother's father died in one. Don't know what they had him do for work in the Sussex Workhouse, but he probably wasn't sitting on his elderly ass waiting for a check to arrive. There used to be one right across the field from our house (the site is now a strip mall) - a combination sanitarium/workfarm. The old County Indigent Hospital building was just knocked down last year.

A census record search turns up a lot of these county or local institutions. You can read the lists of the names of the folks who didn't plan smart by saving enough money, or by getting injured, or by getting TB or something. If they didn't end up in the spare bedroom of a family member - something that happened a lot, according to the censuses I looked at - they went to the workhouse. I guess we'll end up with some system like that.

One thing that always struck me was the number of elderly women at these places, often classified as "widow" or "spinster." For whatever reason, they didn't seem to have any place else to go.

Maybe more young people should do a little genealogical work, and they might get a sense of how different it is today with the so-called "safety net" in place. Bad luck, bad choice of parents, ill health, economic downturns, the collapse of different industries, bank failures - all these things had real consequences 100 years ago. If the "safety-net" is gone, and the grasshoppers DO have to rummage through the ants' garbage cans for dinner, they will appreciate finally the way human beings have had to live for centuries.

265 posted on 06/24/2006 4:00:41 PM PDT by worst-case scenario (Striving to reach the light)
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To: debg
maybe you missed it in my post.

Yeh, I can be sorta dense at times. Interal political upheavle? Won't happen without external thermal-nucs. Or a conspiracy to go to e-money based on all our paper being counterfiet, not that that could ever happen:-/

266 posted on 06/24/2006 4:05:21 PM PDT by Dosa26
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To: chalkfarmer; leda
yeah. we pay all the dang bills, and get beat up by our folks for not earning enough, and our kids for not providing enough.

sort of a bad place to be.

267 posted on 06/24/2006 4:24:14 PM PDT by patton (What the heck just happened, here?)
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To: chalkfarmer
"Generation Jones (1954-1965) Clearly not Boomers and certainly not Xers...."

That explains why I've always thought my sister ('61) grew up in a different generation. ;)

268 posted on 06/24/2006 4:31:30 PM PDT by sageb1 (This is the Final Crusade. There are only 2 sides. Pick one.)
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To: dakine

>Yeah, you left out the Depression and WWII...and the Indian Wars...<

Because, like other boomers, I did not experience them.

You must have slept through that part of history class.


269 posted on 06/24/2006 4:42:36 PM PDT by RSteyn
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To: jude24; All
You need to go re-read - and print/emboss/frame - your #219 as a perfect example of the "it's all about ME" syndrome.....

I'm happy that you're proud to be a selfish, disgusting, self-centered dolt that would post such foolishness on an open forum. What a hoot.

270 posted on 06/24/2006 4:43:22 PM PDT by ErnBatavia (Meep Meep)
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To: jude24

>Other then them, however, I owe no money to any Baby Boomer.<

You and your age-cohorts owe nothing when you repay me & other boomers, with interest, all the bucks I have contributed for decades in property taxes to support the schools you attended.


271 posted on 06/24/2006 4:47:23 PM PDT by RSteyn
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To: RSteyn

Do you take the rinds off?


272 posted on 06/24/2006 4:51:58 PM PDT by dakine
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To: abb

>LOL, I can still see Ed Begley wandering around in his acid-induced haze...<

You can see him do it now on DVD, if you wish.

What a great, bizarre movie.


273 posted on 06/24/2006 4:54:31 PM PDT by RSteyn
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To: sageb1

Yea, I was born in 1961...and I always wondered why I was considered a Boomer, I have absolutely nothing in common with Boomers or GenXers.


274 posted on 06/24/2006 5:03:41 PM PDT by chalkfarmer
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To: RSteyn

Seems like wasted money, doesn't it?


275 posted on 06/24/2006 5:13:18 PM PDT by bfree (Liberalism-the yellow meat)
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To: worst-case scenario

Maybe more young people should do a little genealogical work, and they might get a sense of how different it is today with the so-called "safety net" in place. Bad luck, bad choice of parents, ill health, economic downturns, the collapse of different industries, bank failures - all these things had real consequences 100 years ago. If the "safety-net" is gone, and the grasshoppers DO have to rummage through the ants' garbage cans for dinner, they will appreciate finally the way human beings have had to live for centuries.


Truer words were never said!

I heard Michael Barone, on Mike Reagan's show the other nite. He was talking about the sorry state of education in this country, in which we teach illiterate latin american's in poor Spanish, rather than in proper English. Barone said, that what education in this country needed was the Administrators that ran the NYC school system in 1910--its all about assimilating and developing your own plan...if the plan fails, go to relatives or charity, just dont come TAKE it from me!


276 posted on 06/24/2006 5:19:15 PM PDT by RadioCirca1970
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To: debg

I applaud you. I do the intake education interviews for a juvenile correction facility. I can't get over the youth who can't spell their own mother's name and who in their teen years can only say they have a sixth grade education. Sad.


277 posted on 06/24/2006 5:24:10 PM PDT by marajade (Yes, I'm a SW freak!)
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To: bfree

>Seems like wasted money, doesn't it?<

I know it's wasted. I attended packed classrooms in old buildings, and came away with a pretty decent education before going to college. The 20something degreed people I've worked with don't understand my spoken vocabulary --words like 'banal', for example, they cannot write, and I had to explain Stonehenge to one 28 year old.


278 posted on 06/24/2006 5:29:49 PM PDT by RSteyn
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To: Myrddin
My Dad split years ago. My Mom has never made a plan in life except to be devious and dump her burden on me. Her only asset is a twenty year old car. Both of them have college degrees and professional careers at one time.

I would love for my Mom to win the lottery even if I never saw a dime of it. Even though you may not inherit that much, it could be a lot worse.

279 posted on 06/24/2006 5:34:46 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: RichInOC
Sometimes I wonder if our government isn't fighting this "war" partly to create another boomer generation to pull our fat out of the fire. Excuse me while I adjust my tin-foil hat.
280 posted on 06/24/2006 6:00:27 PM PDT by Vote 4 Nixon (EAT...FISH...SLEEP...REDUX)
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