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Mutt · 12-12-2010, 03:57 AM

you have 80 year olds working at Walmart and McDonalds- not because they want to tho i'm sure many want to remain active but the truth is that most older people can't afford to retire. ask the average middle aged person how much he/she's got socked away including equity in a home - not fucking much, millions in their 40's living on credit. and let's say you're 60 and you have managed to save 300K, you're getting 3% at the bank max, you'll go through your savings in 5 years, 10 if you pinch pennies and then you're broke. lots of people living well into their 80's these days.

on the other hand, we're in the midst of the greatest transfer of wealth from one generation to another as the Baby Boomers are bequeathed their parents estates. those people lucky enough to have parents hand them half a mil or more can retire.

12-12-2010, 03:57 AM
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	you have 80 year olds working at Walmart and McDonalds- not because they want to tho i'm sure many want to remain active but the truth is that most older people can't afford to retire. ask the average middle aged person how much he/she's got socked away including equity in a home - not fucking much, millions in their 40's living on credit. and let's say you're 60 and you have managed to save 300K, you're getting 3% at the bank max, you'll go through your savings in 5 years, 10 if you pinch pennies and then you're broke. lots of people living well into their 80's these days. on the other hand, we're in the midst of the greatest transfer of wealth from one generation to another as the Baby Boomers are bequeathed their parents estates. those people lucky enough to have parents hand them half a mil or more can retire. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!