Taking social security early, at age 62

Or, they worked in menial jobs because they lacked the education to do more than assembly line work, like my mother. Spent most of her educational years in and out of hospitals.

You seem awfully against us Boomers, Don. Perhaps you should have been born when we were or when our parents were. Maybe you'd have a better perspective.
 

Quick, I don't think that Don can understand why some were unable to save. My Dad had to quit school in the 6th grade to help support a family of six when his father was killed in a train accident. My mother worked assembly lines because she was in and out of hospitals in her early "education years", graduated at the age of 17 only with an 8th grade diploma.

What he also doesn't understand is that most of us started working with salaries of $45 a week and less. We did NOT live beyond our means as we couldn't afford a house. We shared my grandmother's house and my parents bedroom until I turned 13 and then they moved to the parlor. We did not eat steak and/or lobster, we had chuck steak, pancakes and spaghetti. We did NOT have cell phones, computers, etc. My sister and I grew up with 3 new outfits for school through grammar and high school. My mother earned .05 for each chicken she plucked. I could go on and on and on as so could many others. Don is way off base. I think he really needs to talk to more of us and perhaps he'll understand.
 
Many companies did not offer pension plans and IRA's especially during my parents' time. As for myself, I've done OK. But then again I couldn't quit working at 55 as I had originally planned. And I've spent years helping family members just getting by. And instead of preaching gloom and doom, offer ways to avoid the "disaster" as you call it for SS. Write you Senators, etc. But do try to be less critical of others as you have no clue as to how they lived their lives, but have been brainwashed by what you've read and heard on TV. And in fact, us Baby Boomers are actually better off in our planning for retirement than the Millenials because we didn't blow our money on new cars, and 6 generations of IPhones, etc.
 

You seem awfully against us Boomers, Don. Perhaps you should have been born when we were or when our parents were. Maybe you'd have a better perspective.

There are certainly a few people who have had a rough time, due to health, etc., and were unable to forge a decent life for themselves. However, those people are a slim minority compared to the majority of those nearing retirement. The Boomers have a long history of "gotta have it all now", and statistics show that a large number of them are ill prepared for retirement.

No one in my family was ever handed a "silver spoon". My Dad was a dirt farmer, then a truck driver, and had an 8th grade education....but worked his tail off to give us a decent life. I got a decent electronics education via the military, and forged a good career in that field until I retired. Our family learned the value of hard work and saving from our ancestors, and it has served us well. No one in our family has ever taken a Dime in government assistance...other than SS and Medicare. I have sympathy for those who failed due to circumstances beyond their control....but for the rest...Not Much.
 
The one thing that bothers me about these articles and people categorizing the entire group as "Boomers have a long history of gotta have it all now" is what angers me. Unless one has proof that each and every one of us is like that, the entire group shouldn't be chastised. Many of us Boomers spent our lives working to give our kids the things that we didn't have while growing up and then you get comments from these kids who turn out unappreciative for all that their parents did do for them. It's a group of Millenials, Gen Xs and Gen Y's that I see who are the ones that "gotta have it all now". I fall into the "Boomer" classification by birth and so does my sister but neither one of us have fallen into that "gotta have it now" category.

Not everyone despite the fact that we live in the good old USA have the same opportunities. As a single woman I couldn't get a mortgage on a condo, but I was told by the banker that I could buy it in cash because I had the money sitting in my bank account from my husband's passing. Not everyone is motivated the same and shouldn't have to be. Everyone has a different aptitude when it comes to learning. No one in my family ever took public assistance either and have worked their tails off, but none of us were able to afford to buy a home, nor do we have the 6th generation of IPhone, an IPad or anything else that the majority of the world has. Yes, I drive a newer car than my sister, but hers and her husband's are more than 10 years old. None of us wear designer clothes nor do we have HD TV's. I haven't bought furniture since I married back in 1969. Yes, I've had to replace a refrigerator or 2, a stove and an AC, but the first TV I had for my apartment was a brand new 25" RCA that I got for free for opening a CD back in the late 60s. I, myself, was able to buy a co-op apartment back in the 70s (I can't sell it, because no one is buying and hasn't been since 2008), I drive a newer car as I don't have anyone to help me care for it, but it will be my last (the majority of my other cars were driven 10+ years), did a fair share of traveling, and have decent retirement savings. My maintenance fee is about less than half of what a typical rent for a 1-bedroom apartment is in this area. I previously mentioned my furniture's age, my TV is 15 years old and works well, my cellphone is a TracFone for which I spend $100 a year for, and the majority of my clothes were purchased over ten years ago. I have helped my sister's family out to a tune of a great deal of money and I'd do it all again if I had to. I continue to work a full-time job and am the caregiver to our 94-year old handicapped, slightly demented mother. And, the funny thing about it all is that "I'm happy".

My sister and her husband on the other hand have not been so lucky. They have nothing and I do mean nothing and struggle every minute of every day to pay their bills despite the fact they both work jobs and collect SS. They only have "cable tv" because their apartment complex offers it as part of their rent. And my niece who lives with them and is trained as a medical and/or dental assistant is working P/T in a supermarket because she's been trying for the last 4 years to get a job in her field (and she's good at it), and no one and I do mean NO ONE will give her the time of day because she has no work experience at it yet all the minority groups seem to have gotten these positions.

I guess the point that I'm really trying to make is that unless you can prove something and statistics don't prove anything (they can be twisted to say anything that the users want them to say - and this I know from taking statistics in college is also a well-known fact) then try to be a little more open minded. Also, I doubt seriously that any of the group you mentioned who are ill prepared for retirement care whether they have others' sympathy or not. Be happy and proud of yourself that you've done so well, but don't condemn others because you think they failed because you truly don't know anyone's circumstances but your own.
 
There is only one person saying baby boomers were the ones that want it now. He is so wrong. That is what our generation says about our kids and grandkids.


Our generation knew how to save for things we wanted rather than buying on credit. So many young folks today are so deep in debt I don't see how they will ever make it.
 


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