on a dissenting note however...one of the comments made on the KC Star discussion board has some weight...
.there have been generations that just hit the lotto when it came to luck....and the people born just before,during, or right after WW2 have hit the jackpot....good times following the war, stable families, opportunities and jobs with long standing companies that gave a great pension so you could retire at 55...
compared to people born a little later....big time pensions gone as well as retirement dreams because big time corporate America has retreated....
higher SS taxes, higher income and propterty taxes, no pensions or small reduced pensions, and now a stinking stock market....
some people did win the Lotto and some got stuck paying it off....
My husband was born in 1942 and I was born in 1948 so I guess we’re in the generation you’re talking about and our lives have been blessed. We don’t have a huge retirement though although better than some. I’m self employed and my husband has been managing our rentals since he was about 54 varying results. As we watch the securities AND real estate markets slide, I keep pushing my retirement date further out. But I do get to set my own calendar and rarely work more than 30-35 hours a week at a job I enjoy so I guess life is good.
exactly....unfortunately i’m in the generation paying it off. and you forgot the part where there aren’t many jobs offering exployer paid health insurance anymore.
we’ll be lucky to ever be able to retire.