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ASPartOfMe
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19 Mar 2017, 10:03 am

LoveNotHate wrote:

Most baby-boomers I know have a $400,000+ home, multi-million dollar pensions, retirement savings, investments.


You only know a sub group of boomers
1 in 3 Americans Has Saved $0 for Retirement

Quote:
Only 1 in 4 People Age 55 and Over Has More Than $300K Saved
As respondents get older, the gap between the savers and the save-nots widens. Although a larger portion of people age 55 and over report high-balance retirement funds, there remains a significant subgroup that has little to no retirement savings:
About 3 in 10 of respondents age 55 and over have no retirement savings.
26% report retirement savings with balances of under $50,000, an amount that is insufficient for people nearing retirement age.
Over half (54%) of people age 55 and over have balances far behind typical retirement fund benchmarks for their age group.

Some of those 55 and over who lack savings might not need them, Huddleston pointed out. “[They] might be among the dwindling group of Americans who will get a pension and will benefit from having an employer who set aside retirement funds for them.”
More likely, however, those without retirement savings couldn’t or didn’t make saving for retirement a financial priority. “Without savings of their own, they’ll have to rely solely on Social Security,” Huddleston said. Baby boomers most often cited Social Security as their expected primary source of retirement income (35%), according to a 2015 report from the Transamerica Center for Retirement Studies, whereas Gen X and millennials expected retirement accounts like 401ks or IRAs to be their main source of retirement income.
On the other end of the spectrum, many baby boomers and seniors have successfully socked away substantial savings in retirement accounts:
26% of baby boomers nearing retirement (ages 55 to 64) report healthy retirement savings with balances of $200,000 or more.
31 percent of seniors at or above the retirement age (65 and over) have balances of $200,000 or more.
“Those who have saved more than $300,000 have clearly made saving for retirement a priority and want a more comfortable lifestyle in retirement than what Social Security benefits will afford them,” Huddleston said.


There is more than a bit of victim blaming in this quote. The people who wrote this article must be those smug, self satistied people who yes were smart enought to save but also had the opportunity

When boomers started in the working world it was expected unless you were completly incompetent one job, one career, a house in the suburbs, and guaranteed retirement awaited you. You might have started out in the booming economy of the 60's and 80's and they not saved accordingly. Some of the early boomers had thier careers stalled and could not save because of the combination of double digit inflation and recession in the 70's.

In the 80's a cohort of the boomers became yuppies, and the stereotype of the ex radical who sold out and became selfish, hednistic taker stuck to entire generation. Meanwhile things were happening like the Savings and Loan crises, a wave of mergers and aquisitions, manufacting jobs going oversees meant the guaranteed job if you worked hard enough started to become a thing of past.

In the 90's the trends continued and despite an unprecedented economic boom in the last half of the 90's if you were not up on or able to have computer skills things or had social skills or did not use cooperate double speak language it was uncomfortable for you.

By the 00's age descrimination was affecting you if lost your job meaning longer or permanent unemployment if you were downsized. And often you were downsized because you did all the right things and had a high salary. Woe for you if because of age/ health or you were not flexible enough that you could not work 50 or more hours a week needed in these no pension temp and contract jobs that are all the rage.

Then of course a lot of boomers lost most of all or whatever they had in the great recession a euphamism for the biggest depression since the 1930's because they were scammed by thier fellow boomers. The depression exacerbated all the trends of the previous decades.

So now the depression is over and there is "full employment" based on temp and contract jobs and credit. Another words the American economy is one big Ponzi scheme. Social Security, medicaid, medicare are going to be cut because of population imbalance. The republicans are only doing it a faster more blunt manner then the democrates would have.


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Darmok
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19 Mar 2017, 1:34 pm

Here's a good article about the left-wing hate group known as the Southern Poverty Law Center (SPLC), and Morris Dees, the millionaire con-man who runs it:

http://www.realclearpolitics.com/articl ... 33377.html

The most scathing assessments of Dees and his group have always come from the left. Stephen B. Bright, a Yale law professor and president of the Atlanta-based Southern Center for Human Rights, calls Dees a "shyster” and a “con man.” Bright’s primary complaint is that Dees does precious little litigation on behalf of poor people with the amount of money it pulls in. SPLC’s alarmist fundraising scams, shoddy collection of information, and longstanding practice of character assassination has been on the record for years—along with its “F” rating from the respected nonprofit watchdog group Charity Watch.


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Kraichgauer
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19 Mar 2017, 1:39 pm

LoveNotHate wrote:
jrjones9933 wrote:
Lukeda420 wrote:
LoveNotHate wrote:
Here it is ...

10 Best hospitals .... America has 5 of them
http://www.abcnewspoint.com/top-10-best ... als-world/


You're really missing the point.

LoveNotHate, is money everything? So far, fairness means rich people accumulating as much as possible without paying for the social benefits they exploit, and anyone who can't afford healthcare won't have long to worry about it. Do you have a conflict of interest we should know about?

Most people in America are rich.

Something like 30 million Americans are in the 1% of the world.

Our bottom 5% poorest are said to live better than 2/3 of the world's population.

Most baby-boomers I know have a $400,000+ home, multi-million dollar pensions, retirement savings, investments.

I imagine this is why California, and New York vote Democrat, because these people are so rich that they look beyond economic issues.

For example, where I use to live, the city fire-fighters would retire with a 4 million dollar pension annuity.

Image


Most Americans are rich, huh? Wait till I tell my wife we have no financial, medical, etc problems to worry about for the rest of our lives! :P
Sure, my family and I might be rich compared to the standards of other countries, but we can't seriously set that standard. The only comparisons between the haves and have nots in America can only be made between Americans. And in that case, the poor are still poor. Being considered rich compared to the rest of the world isn't going to give my wife any solace when she can't pay for the dental care she very much needs.


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19 Mar 2017, 1:45 pm

Darmok wrote:
Here's a good article about the left-wing hate group known as the Southern Poverty Law Center (SPLC), and Morris Dees, the millionaire con-man who runs it:

http://www.realclearpolitics.com/articl ... 33377.html

The most scathing assessments of Dees and his group have always come from the left. Stephen B. Bright, a Yale law professor and president of the Atlanta-based Southern Center for Human Rights, calls Dees a "shyster” and a “con man.” Bright’s primary complaint is that Dees does precious little litigation on behalf of poor people with the amount of money it pulls in. SPLC’s alarmist fundraising scams, shoddy collection of information, and longstanding practice of character assassination has been on the record for years—along with its “F” rating from the respected nonprofit watchdog group Charity Watch.


Left wing hate group, huh? The fact that they've fought against racist and homophobic organizations says otherwise. I'd like to know what the views of the article's author about civil rights for non-white and LGBT Americans actually are.


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19 Mar 2017, 6:27 pm

Darmok wrote:
Here's a good article about the left-wing hate group known as the Southern Poverty Law Center (SPLC), and Morris Dees, the millionaire con-man who runs it:

http://www.realclearpolitics.com/articl ... 33377.html

The most scathing assessments of Dees and his group have always come from the left. Stephen B. Bright, a Yale law professor and president of the Atlanta-based Southern Center for Human Rights, calls Dees a "shyster” and a “con man.” Bright’s primary complaint is that Dees does precious little litigation on behalf of poor people with the amount of money it pulls in. SPLC’s alarmist fundraising scams, shoddy collection of information, and longstanding practice of character assassination has been on the record for years—along with its “F” rating from the respected nonprofit watchdog group Charity Watch.

couldn't get the charity watch rating without paying, but charity navigator gives them 3/4 stars generally and 4/4 for transparency. i don't always agree with them. i think ayan hirsi ali is a hero, not a purveyor of hate, for example. but overall, they have done good things such as bankrupting many KKK groups.



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19 Mar 2017, 7:34 pm

I wonder whether this quote will one day be used by historians to describe the strange era of the Trump presidency:
Voltaire: “Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities



Darmok
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19 Mar 2017, 9:42 pm

B19 wrote:
I wonder whether this quote will one day be used by historians to describe the strange era of the Trump presidency:
Voltaire: “Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities

It certainly does capture the mental state and violence of the Left since the election, no doubt about that.


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21 Mar 2017, 8:49 am

Quote:
@therealroseanne

Every single attack on @POTUS is really a disguised attack on American voters who rejected Obama-Clinton-Bush's bleeding of R treasury.


always liked Roseanne :)



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21 Mar 2017, 8:54 am

Paul Manafort apparently has a long history in politics. This probably isn't his first trip under the bus.

Roseanne is using pretend ignorance in her tweet. She knows perfectly well we attack Trump and his delusional supporters both separately and together.


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21 Mar 2017, 9:03 am

Jacoby wrote:
Quote:
@therealroseanne

Every single attack on @POTUS is really a disguised attack on American voters who rejected Obama-Clinton-Bush's bleeding of R treasury.

always liked Roseanne :)

^^ If that is a comment from Roseanne Barr, I'm quite surprised, as she is a bleeding-heart Liberal----and, it almost seems as if she's saying "Stop bashing President Trump", when I would think she would be joining-in.




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21 Mar 2017, 9:06 am

Roseanne has been a supporter of the president for some time now believe it or not

she absolutely hates the corruption of Clinton and the Democrats



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21 Mar 2017, 9:09 am

LoveNotHate wrote:
jrjones9933 wrote:
Lukeda420 wrote:
LoveNotHate wrote:
Here it is ...

10 Best hospitals .... America has 5 of them
http://www.abcnewspoint.com/top-10-best ... als-world/


You're really missing the point.

LoveNotHate, is money everything? So far, fairness means rich people accumulating as much as possible without paying for the social benefits they exploit, and anyone who can't afford healthcare won't have long to worry about it. Do you have a conflict of interest we should know about?

Most people in America are rich.

Something like 30 million Americans are in the 1% of the world.

Our bottom 5% poorest are said to live better than 2/3 of the world's population.

Most baby-boomers I know have a $400,000+ home, multi-million dollar pensions, retirement savings, investments.

I imagine this is why California, and New York vote Democrat, because these people are so rich that they look beyond economic issues.

For example, where I use to live, the city fire-fighters would retire with a 4 million dollar pension annuity.

Image

That's ridiculous. Most Americans are NOT rich, at least by first world standards. The US is the third most populated country on the planet, behind only China and India.



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21 Mar 2017, 9:18 am

Darmok wrote:
Here's a good article about the left-wing hate group known as the Southern Poverty Law Center (SPLC), and Morris Dees, the millionaire con-man who runs it:

http://www.realclearpolitics.com/articl ... 33377.html

The most scathing assessments of Dees and his group have always come from the left. Stephen B. Bright, a Yale law professor and president of the Atlanta-based Southern Center for Human Rights, calls Dees a "shyster” and a “con man.” Bright’s primary complaint is that Dees does precious little litigation on behalf of poor people with the amount of money it pulls in. SPLC’s alarmist fundraising scams, shoddy collection of information, and longstanding practice of character assassination has been on the record for years—along with its “F” rating from the respected nonprofit watchdog group Charity Watch.




:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

You should take this show on the road! You could do an act like Stephen Colbert, where you take all the things conservatives do and ascribe them to liberals, like calling the SPLC a hate group, when it's sole purpose is to monitor hate groups.



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21 Mar 2017, 9:55 am

Jacoby wrote:
Roseanne has been a supporter of the president for some time now believe it or not

she absolutely hates the corruption of Clinton and the Democrats

WOW, now I'm super-DUPER surprised!! I would've ESPECIALLY thought she was a supporter of Hillary----I figured she would take the "We women gotta stick together", attitude.

I've always been a fan of hers, generally speaking (like, her creative mind, in general; and, specifically, that she THINKS, alot, about things)----specifically speaking, I've never liked her politics, and I didn't like what she did to her show / the characters, in later seasons; but, still, I watch her show every night, and own 7 of the 9 seasons, on DVD (plus, the Halloween episodes DVD).

I may find a whole new respect, for her, if she has this attitude, now.





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21 Mar 2017, 9:56 am

Amebix wrote:
That's ridiculous. Most Americans are NOT rich, at least by first world standards. The US is the third most populated country on the planet, behind only China and India.

Got any facts to back that opinion?

America is #1 in average household income per capita
America is #1 in average household financial wealth per capita
http://www.oecdbetterlifeindex.org/topics/income/

Kraichgauer wrote:
Most Americans are rich, huh? Wait till I tell my wife we have no financial, medical, etc problems to worry about for the rest of our lives! :P
Sure, my family and I might be rich compared to the standards of other countries, but we can't seriously set that standard.

Yes, America sets the standard.



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21 Mar 2017, 10:33 am

Campin_Cat wrote:
WOW, now I'm super-DUPER surprised!! I would've ESPECIALLY thought she was a supporter of Hillary----I figured she would take the "We women gotta stick together", attitude.

I've always been a fan of hers, generally speaking (like, her creative mind, in general; and, specifically, that she THINKS, alot, about things)----specifically speaking, I've never liked her politics, and I didn't like what she did to her show / the characters, in later seasons; but, still, I watch her show every night, and own 7 of the 9 seasons, on DVD (plus, the Halloween episodes DVD).

I may find a whole new respect, for her, if she has this attitude, now.


Not all Hollywood celebrities are brain dead, most but not all. You got to be real brave to have any non-politically correct opinions in Hollywood as Tim Allen alluded to recently.

Quote:


By Fox News | 6:53 am, March 20, 2017

Tim Allen says that living in Hollywood right now is akin to Nazi Germany.

The comedian made the claim while appearing on “Jimmy Kimmel Live.”

“You gotta be real careful around here,” Allen noted. “You get beat up if you don’t believe what everybody else believes. This is like ’30s Germany.”

Allen, 63, plays an outspoken conservative on the sitcom “Last Man Standing” and is one of the few actors in Hollywood to profess having right-wing leanings.

When Kimmel asked him about attending the inauguration ceremony the “Home Improvement” star’s eyes bulged and he stammered: “I was invited, we did a VIP thing for the vets, and went to a veterans ball, so I went to go see Democrats and Republicans.”

“Yeah I went to the inauguration,” he added.


https://heatst.com/entertainment/tim-al ... i-germany/