To: Thebaddog
Nothing against boomers, but I would suggest that the "protest" generation make sure that their pensions and retirement savings are in good shape. I doubt they are. I recall in the early 90s when many companies moved to 401k plans from defined benefit pensions that boat sales went through the roof as the boomers took the cash from their retirement and spent it. Then, the grasshoppers tried to make up for their lack of savings through tech stocks.
Of course many of my cohort are lazy slackers as with any generation, but those who know how to work have more potential than any of our ancestors. I guess we'll see when the boomers come hat in hand asking for us to pay for their retirement.
20 posted on
01/27/2003 2:07:50 PM PST by
kansan
To: kansan
Nothing against boomers, but I would suggest that the "protest" generation make sure that their pensions and retirement savings are in good shapeDon't worry, many of us raised you X'ers and knew ful well we needed to be self reliant.
22 posted on
01/27/2003 2:36:00 PM PST by
GrandMoM
To: kansan
My boomer parents - who are currently watching their not-insignificant savings vanish down the Dow memory hole - have many boomer friends who are just now thinking it might be time to set aside a little for retirement. It's unreal. They lived through the most stable, prosperous time in American history, probably world history, and they have NOTHING to show for it.
To: kansan
I hope it never comes to the scenario you describe but as a taxpaying boomer over the last 30 years I know I've paid a hell of a lot more to Social Security than many of it's current receipients and if I want to some day draw benefits then I damn well deserve it.....not that I really expect anything to be there.
To: kansan
When the boomers ask.....we should tell them no. They call us lazy and then don't prepare for their retirement and think the govt. will do it all (and I bet that applies to many of the folks on this very thread).
49 posted on
01/27/2003 5:14:00 PM PST by
rwfromkansas
(What is the chief end of man? To glorify God and enjoy Him forever. --- Westminster Catechism Q1)
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