Crnr2Crnr Posted February 5 Share Posted February 5 https://www.businessinsider.com/baby-boomer-gen-z-millennials-economy-housing-job-market-stocks-2024-2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted February 5 Platinum Contributing Member Share Posted February 5 Approaching???? Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted February 5 Gold Member Share Posted February 5 2 minutes ago, Crnr2Crnr said: https://www.businessinsider.com/baby-boomer-gen-z-millennials-economy-housing-job-market-stocks-2024-2 Is that your picture in the article? 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 3 minutes ago, Stephen Hawking said: Is that your picture in the article? Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 Does this mean baby boomers are gonna stop buying cars, trucks, yachts, boats, houses, and various other high dollar items that stimulate the economy? 4 Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted February 5 Share Posted February 5 9 minutes ago, ActionfigureJoe said: Does this mean baby boomers are gonna stop buying cars, trucks, yachts, boats, houses, and various other high dollar items that stimulate the economy? No, but they will lock up a lot of capital that younger generations could use. Neal Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 Just now, NaturallyAspirated said: No, but they will lock up a lot of capital that younger generations could use. Neal watch the 'death tax' make a dramatic return... Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 1 minute ago, NaturallyAspirated said: No, but they will lock up a lot of capital that younger generations could use. Neal That’s capitalism. Of course when they die you’ll see the greatest transition of wealth that the world has ever seen. The question is…. will the wealth be invested or squandered? Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted February 5 Share Posted February 5 2 minutes ago, ActionfigureJoe said: That’s capitalism. Of course when they die you’ll see the greatest transition of wealth that the world has ever seen. The question is…. will the wealth be invested or squandered? Gonna be far too late for many. Hoarded is no better than squandered. Neal Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 Just now, NaturallyAspirated said: Gonna be far too late for many. Hoarded is no better than squandered. Neal Yep. We know the value of investment and saving. Today’s brood has no clue about compounding interest. Sad, they spend every cent that they earn. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 11 minutes ago, ActionfigureJoe said: That’s capitalism. Of course when they die you’ll see the greatest transition of wealth that the world has ever seen. The question is…. will the wealth be invested or squandered? it will be taxed heavily for 'the betterment of all'... mark my words 5 minutes ago, ActionfigureJoe said: Yep. We know the value of investment and saving. Today’s brood has no clue about compounding interest. Sad, they spend every cent that they earn. debt slaves... we've bred multiple generations of them Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 12 minutes ago, Crnr2Crnr said: it will be taxed heavily for 'the betterment of all'... mark my words debt slaves... we've bred multiple generations of them In my early 20’s I fell into the credit card debt trap. Many do. I think what’s more disastrous is young people today don’t understand money even into their 30’s. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 1 minute ago, ActionfigureJoe said: In my early 20’s I fell into the credit card debt trap. Many do. I think what’s more disastrous is young people today don’t understand money even into their 30’s. I see it daily... 'whUTz uh saYviNGs acc0unT? https://abcnews.go.com/US/credit-card-users-avoid-mounting-debt-bills-reach/story?id=106479070 https://www.cnbc.com/video/2023/08/11/us-car-loans-total-1point5-trillion-why-consumers-are-struggling.html wants vs needs vs reality... can I afford the payments is no way to live Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 5 Platinum Contributing Member Share Posted February 5 Just now, Crnr2Crnr said: https://www.cnbc.com/video/2023/08/11/us-car-loans-total-1point5-trillion-why-consumers-are-struggling.html Damn that is a lot of money. Hell it's 1/2 a trillion more then the gvmt has spent in the last 3 months. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 1 minute ago, steve from amherst said: Damn that is a lot of money. Hell it's 1/2 a trillion more then the gvmt has spent in the last 3 months. I thought you were going to say last week... Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 2 minutes ago, Crnr2Crnr said: I see it daily... 'whUTz uh saYviNGs acc0unT? https://abcnews.go.com/US/credit-card-users-avoid-mounting-debt-bills-reach/story?id=106479070 https://www.cnbc.com/video/2023/08/11/us-car-loans-total-1point5-trillion-why-consumers-are-struggling.html wants vs needs vs reality... can I afford the payments is no way to live When I quit my job and liquidated everything to go back to school, I purchased a “78 Honda accord with 275,000 miles for $150. I rebuilt the motor in the front yard, no garage, for another $110 plus supplies. Basically ran a ball home down the cylinders for new piston and rings. Drove it back and forth from menomonie to Ashland for 2 years for my internship. I don’t know many kids today with that capability. I really feel sorry for the imbeciles. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted February 5 Platinum Contributing Member Share Posted February 5 So which generation were the biggest failures as parents then? 1 Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted February 5 Share Posted February 5 42 minutes ago, ActionfigureJoe said: Yep. We know the value of investment and saving. Today’s brood has no clue about compounding interest. Sad, they spend every cent that they earn. today's brood can't decide what sex they are Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 1 minute ago, 01mxz800 said: today's brood can't decide what sex they are Well there is that too. Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted February 5 Share Posted February 5 4 minutes ago, Highmark said: So which generation were the biggest failures as parents then? the ones that bred this last generation Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 5 Share Posted February 5 5 minutes ago, Highmark said: So which generation were the biggest failures as parents then? Some of the lunatic fathers suffering untreated rage and PTSD issues from WWII and Vietnam. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 10 minutes ago, Highmark said: So which generation were the biggest failures as parents then? the greatest generation... rubbers work Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted February 5 Platinum Contributing Member Share Posted February 5 (edited) 13 minutes ago, Crnr2Crnr said: the greatest generation... rubbers work Its natural in any form of democracy to have every next generation be the biggest sponges on society. They have it better than the previous generation so they simply expect even demand more. Add it the cost of medical technology and it only increases the burden. Its no question with each new generation they become more selfish...just look at the number of children being born. Today's generations are the me generations. Edited February 5 by Highmark 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 5 Author Share Posted February 5 3 minutes ago, Highmark said: Its natural in any form of democracy to have every next generation be the biggest sponges on society. They have it better than the previous generation so they simply expect even demand more. Add it the cost of medical technology and it only increases the burden. Its no question with each new generation they become more selfish...just look at the number of children being born. Today's generations are the me generations. the age group is applicable to me... and that's about it. https://fortune.com/2023/12/15/gen-x-largest-wealth-gap-unprepared-for-retirement/ this is also the age group looking at getting the middle finger from social security in a decade. Quote Link to comment Share on other sites More sharing options...
Doug Posted February 5 Share Posted February 5 1 hour ago, NaturallyAspirated said: No, but they will lock up a lot of capital that younger generations could use. Neal Most of the younger generation live on credit and minimum monthly payments. Bad way to start. Quote Link to comment Share on other sites More sharing options...
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