Something Terrible is Happening To Boomers

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24 күн бұрын

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026(A){Thumb}[Edited Sabaree] Something Terrible is Happening To Boomers

Пікірлер: 1 700

@nicolasbenson009 5 күн бұрын

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

@berniceburgos- 5 күн бұрын

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

@tatianastarcic 5 күн бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@Michaelparker12 5 күн бұрын

Mind if I ask you to recommend this particular coach you using their service?

@tatianastarcic 5 күн бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@BridgetMiller- 5 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@Aaronduckstein49 5 күн бұрын

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@maiadazz 5 күн бұрын

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@darnellcapriccioso 5 күн бұрын

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

@richardhudson1243 5 күн бұрын

talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks

@darnellcapriccioso 5 күн бұрын

Annette Marie Holt is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@ChadRoberts-x6i 5 күн бұрын

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

@ChristopherAbelman 19 күн бұрын

I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.

@HildaBennet 19 күн бұрын

Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.

@PennyBergeron-os4ch 19 күн бұрын

A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.

@JosephineKenney 19 күн бұрын

I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?

@PennyBergeron-os4ch 19 күн бұрын

I work with Sharon Lee Peoples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

@JosephineKenney 19 күн бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@A_francis 21 күн бұрын

The current market/economy is unnecessarily tougher for boomers/senior citizens, my mum is used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with her portfolio. I’m really worried about it

@benitabussell5053 21 күн бұрын

She should just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.

@RickWatson-xu6gw 21 күн бұрын

Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.

@A_francis 21 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@RickWatson-xu6gw 21 күн бұрын

*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@RobbStonee 3 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@josephkelleher8820 22 күн бұрын

In my opinion if you have a paid off house with no car payment you should be spending far less than $4,000 a month in retirement if you are a single person.

@noblegirl1991 22 күн бұрын

Precisely

@paraglidingflyer 22 күн бұрын

Taxes, are an expense I never thought would have grown so high.

@sarashann 22 күн бұрын

Property taxes are quite high here in Texas.

@miketheyunggod2534 22 күн бұрын

I have a son, a car payment, and a mortgage. I average $3K in expenses per month.

@sactopyrshep 22 күн бұрын

@@SWelosishereor what may happen in November.

@marylandmike7655 21 күн бұрын

I grew up in extreme poverty, going without food and electricity at times, I became homeless at 17 dropped out of school to work menial jobs to EAT. Early life set me up to be frugal, own my house, drive a 21 yr old truck, have about 900k in savings, I’m 58 now and retired at 56

@lessar2721 20 күн бұрын

Are you serious everyone is working jobs to eat. Right now a menial job cant pay enough for food. Get over it

@marylandmike7655 18 күн бұрын

@@lessar2721 I believe you missed the context of my story, have a good day! 😎

@user-bu4fh5yq8i 18 күн бұрын

Kudos bro. You did better than most. High 5

@user-bu4fh5yq8i 18 күн бұрын

Hmm. All my life pay into ss and for what? It'll be gone by time I would be eligible....10 years he says. I'm 46. 😢

@marylandmike7655 18 күн бұрын

@@user-bu4fh5yq8i thank you! S.S. Will be there for you 100% Politicians won’t even discuss it till the final hour….. mark my words…. They will raise the tax on both employers and employees by .5% and that fixes it in today’s numbers….Or they simply raise the age AGAIN! that’s another topic

@sco0tpa 22 күн бұрын

My dad was a boomer. He worked three jobs at times, day, night and weekend jobs. He saved every bit of money he could while other family members said he was being silly. Now, the other family members are poor as dirt in their old age. My dad passed away but my mom lives a comfortable life. She's not wealthy but she's not worried about finances like all of her friends are. Being young and not having everything is manageable. Being old and poor sucks.

@MrCPPG 22 күн бұрын

I like to say young and broke is an adventure. Old and broke is a disaster. I consider boomers to be one of the worst most selfish and foolish generations ever to exist. They were irresponsible and now they are suffering the consequences. I sleep well at night.

@g.t.richardson6311 22 күн бұрын

Facts My dad said getting old sucks Being old and poor sucks more

@jfitzpatrick6108 22 күн бұрын

IT IS MUCH BETTER to be VOLUNTARILY extremely frugal when one is young rather than suffer circumstantially ENFORCED extreme frugality in old age when one is less nimble, less adaptable than younger folks. Age limits adaptability, limits flexibility.

@L.Fontein7 22 күн бұрын

@@MrCPPGJealous much?😅

@robocop581 22 күн бұрын

@@MrCPPG You mad Sis?

@phylliselizahb1041 9 күн бұрын

People began losing jobs to a younger demographic because corporate greed doesn't want long term employees.

@Bitterstone3849 7 күн бұрын

Let's not forget the millions of smaller manufacturing jobs outsourced to China and other Asian nations. That's the reason for so many demanding $25 minimum wage and calling it a living wage is ridiculous. Minimum wage was NEVER meant to be lived on. This is Washington's fault all the way around. Outsourcing and bad trade deals. And those in Washington collecting pensions from people who don't have pensions is CRIMINAL.

@shawnbruce6934 6 күн бұрын

I have 30 years experience in the IT field and truncated My resume bc I was facing age discrimination yet recruiters and HR complain that these younger ones can't communicate and do a lousy job. Well, You can't have it both ways.

@utahboxergirl11 6 күн бұрын

For sure I went back to school at 39 to become a teacher and they didn't want us older people in the College of Education

@Madskillsuniversity 6 күн бұрын

They can pay them less, too.

@joegeezer6375 5 күн бұрын

Correct if your born 1960 to 1980 your work career is endless corporate buyouts and downsizing, zero pensions endless crap 401K's. If your born 1945-1959 folks in that era did damn well with pensions. This guy is talking out his ass!

@bryantsherman7263 22 күн бұрын

Divorce is a retirement killer. I know people who were married and divorced three times. Not good for finances.

@stephencullum8255 20 күн бұрын

Ain't that the truth. I know friends who had to work 10 years longer because the divorce sent them backwards financially.

@markdavis1116 19 күн бұрын

Another thing that is a killer is house hopping. “Upgrading” every few years is a fools choice too.

@lesleysears9808 18 күн бұрын

@@markdavis1116 Yes, almost did that because my husband wanted to live in a 1 story house because he was afraid of climbing the stairs as we age. I told him we could buy a stair lift if this happens He is 66. Our 2 story 2550 square foot home was purchased in 2001 for $156,500. My husband wanted to move an hour outside of Houston to a master planned community. A 2450 square foot one story new construction house is Over $450,000 not including upgrades like blinds or ceiling fans. Our house is closer in town and paid for. Our current home value is about $330,000 after we spend 15 grand to upgrade the old carpet to vinyl plank. And we decided to stay. Please don’t be mad at us Boomers who stay in their own homes as they age. If we all had some sense a lot of us empty nesters could rent out rooms to half our house and save money for young families who cannot afford to rent an extra 3 bed rooms and to help the Boomers with paid for houses pay for electricity and taxes.

@tobberfutooagain2628 17 күн бұрын

Better move to New Orleans, then….. You never get divorced, you just lose your turn….. 🫵🏼😁

@utubenewb1265 17 күн бұрын

Yeah, and let's face it. If you had kids, got divorced, got remarried, and then treated your new girlfriend/wife's children better than your own. Your kids are not going to be moving you into the $2,000/mo 2bedroom rental that 2 families share. I have sadly watched many fathers, and some mothers, treat their step-kids better than their own.

22 күн бұрын

Debt free. Good health. Minimal expenses. Thats a good place to be.

@joekeegan-yc4nm 21 күн бұрын

Lucky guy!

@Zoet50 21 күн бұрын

Maybe those should be the three legs of retirement. Agree

@Dewey500 21 күн бұрын

BINGO

@kwilliams2239 20 күн бұрын

Good health isn't always under the control of the individual. The rest is. The bottom like is, live on less than you make. Live like there is a tomorrow. If there isn't, well, you still lived well. If there is, tomorrow, will be a lot better with money than without. The chances of living long enough to retire with money is a lot higher than the chances of retiring with no money.

@donniesmith8779 20 күн бұрын

You and me both.. A little saved also.... Going to retire from on job in 2 months and start an easier full time job then... why? because I want to, not because I have too..

@darrendavis4731 6 күн бұрын

Taxes and inflation are the number one problem. Personal income tax did exist before 1920, and did not get confuscatory until the 1960s.

@eyesuckle 19 күн бұрын

"My mother lives with my sister--and it's a wonderful situation!" Uh huh. Said the brother who is _not_ living with his mother.

@JaneJones-lg3bd 7 күн бұрын

Truth!

@melanieg6957 4 күн бұрын

That's what I was thinking 🤔

@pensacola321 22 күн бұрын

I am 74, retired at 57, travel often and I am doing very well. I came from nothing, and never was a big hitter. I just planned well .

@bigbanknewyork3655 22 күн бұрын

Retirement at 57 is impressive. Congrats.

@2ndborn186 22 күн бұрын

Good for you, go get a cookie. Do you have anything to offer on how you did it??

@wrap239 22 күн бұрын

@@SWelosishereplease share your insight

@vincentyeo88 22 күн бұрын

Excellent!

@slocumb1270 22 күн бұрын

@@SWelosishere Lemme guess, gloom and doom?

@MaynardGKrebs-tt1dd 20 күн бұрын

As a Boomer (age 71), I learned from my parents to be careful with money. They were terrible examples, borrowing money to take fancy vacations and buy new cars every 3 years. Many people in that generation thought that appearing to be successful was the key to life. What ridiculous BS. A lot of Boomers replicated their parents mistakes.

@yellowbird5411 18 күн бұрын

Sounds like you learned this in SPITE of your parents! Did someone in your life other than them, set an example for you or teach you how to be careful?

@buffycat4641 17 күн бұрын

@@yellowbird5411 No, he learned from his parents' mistakes not to replicate them. I did the same. Parents smoked, I never did. Parents lived paycheck to paycheck with bill collectors hounding them, I was the exact opposite. You learn from others mistakes and hopefully make a better life for yourself.

@yellowbird5411 17 күн бұрын

@@buffycat4641 I guess we can learn from others' mistakes, or learn from others who are our role models. Alternatively, we can choose to cut our own path and not learn at all from anyone. Free will is a wonderful thing, because then we can learn from our own mistakes. Maybe. : )

@davidpowell3347 17 күн бұрын

Most of the generation who preceded the baby boomers were frugal and afraid of running out of money,grew up during the Great Depression and then the World War II a few of them were born early enough to have seen the "Roaring Twenties" as young children before the market crashes and bank failures ushered in the Depression

@edb3877 17 күн бұрын

@@davidpowell3347 Agreed. My parents were born before the Great Depression of the 1930s, so I got a lot of info from them and my grand parents about what life was like back then. Having an appreciation for history, I soon learned that history tends to run in cycles, so it was reasonable to assume that recessions and depressions also followed this pattern. This caused me to become quite frugal in life, saving much more than average, and then learning how to manage money and invest it. I did this from reading books, magazines, newspapers, and anything else I could get my hands on about personal finance. Because of that I became my own financial advisor, made a few mistakes early on and learned from them, and went on to become reasonably good at money management. Because of that, retired comfortably at age 55 in 2004. Been enjoying retirement ever since. My 401k plan money was rolled into a T-IRA that has been a fair approximation of a perpetual motion money machine. I never planned on receiving anything from SS, thinking that the US Gov would find a way to mess it up. Took benefits early at age 62 for that same reason. It's still around, for now, but it's being drained faster than money is coming into it. I took benefits early and invested some and lived on some. I have few regrets about how I have handled my money. But the level of financial education in the US is abysmal. Way too many young people can't do even simple math, let alone manage their money to their advantage. Some of them will learn because hardship can be an excellent teacher. The rest? Pretty much screwed.

@curtisgrindahl446 12 күн бұрын

The absolute key to financial well being is to avoid debt like a plague. It is EASY to get into debt and very difficult to get out. I'm 82 years old living a very modest life, but I haven't had a car payment in over fifty years and have always paid off my credit card at the end of the month. To the credit card company, I'm a deadbeat because they don't get ANY money from me. Living within our means simply makes sense. If I can't afford it I don't buy it.

@BigORat 22 күн бұрын

Personal Finance should be one of the number 1 things they teach in High School. It should TOWER way over sports, art, and other courses. Do you know there are inner city kids, that live with parents that have never had a bank account? Or a credit card? True. They pay their bills with money orders. True. Their children aren't learning finance from their parents. So there should be Personal Finance Courses taught in our schools for these kids. I'm speaking from experience...I got my first credit card at 32 with a $250 Spending limit. Nobody would give me credit until 32. I worked and got $5,000 in my checking account...and I applied at the bank where I had that checking account for a credit card....they gave me a credit card with a $250 spending limit because I had no credit history...Should have happened 14 years earlier but it didn't. Anyway...back to my point...Personal Finance should be a TOP course taught in High School and College.

@xyz987123abc 20 күн бұрын

Family responsibility.

@3beltwesty 17 күн бұрын

It was taught in grade school in Indiana; those were math problems. Worked in the school cafeteria from 4th to 6th grade to get a free lunch. ie pocketed the 1.50 bucks a week for the 5 meals. Had depression era parents. ingrained pitching pennies to survive. Sold Peanuts door to door in 2nd Grade. Sold Xmas cards door to door from 4th to 6th Grade. Mowed yards for 1 to 1.5 bucks a yard from 7th to 9th grade. That 4th Grade Frozen giant OJ cans we opened and mixed OJ in the cafeteria was expired Civil Defense supplies. They donated it to the schools so not wasted. The trays we cleaned and dumped the edible parts went into a trash cans a local pig/hog farmer got. That entire cafeteria working was about thrift. That grade school did not have electric clocks. It had pneumatic powered clocks. the minute hand moved with the pressure pulse from the master clock via tubes. Ours made the minute had move 1.5 minutes each time; so 40 per hour. The minute hand sort of had a slight backwards lurch / twitch before moving the 1.5 minutes. So when bored in say English class and looking at the clock it was not moving.

@KO-lw4lo 14 күн бұрын

Most kids wouldn’t listen. Very few are ready for the information until they actually have to pay their own expenses.

@jasperhorace7147 9 күн бұрын

Even more important, kids should be taught about NEEDS and wants. How to resist advertising, influencer misinformation and budgeting.

@donaldkasper8346 9 күн бұрын

Works except in recessions, which cycle every 10 years.

@TheFatesLieutenant 22 күн бұрын

This Boomer was very fortunate - Started planning 30+ years ago, lived well below our means, planned for both normal and "surprise" expenses, and, up to this point, it has served us well.

@g.t.richardson6311 22 күн бұрын

Same here, 63 now, retired at 60. Wife is “next generation” born 1966, she retires next year at 59.5. … I was fortunate I could go on her insurance or I’d have stayed longer. I still run a small business and work anyway for fun We’re fine

@chnalvr 22 күн бұрын

Same here. Born in 1962, started saving in my 20s and am retiring soon at age 62. I have lived simply, below my means, am a minimalist and do not carry any credit. That formula has worked probably because my parents and grandparents did this too and had something to pass on to their kids and grandkids.

@L.o.u.i.s.. 22 күн бұрын

5 minutes of brain is better than 300 months of catching up. Hats off to you sir.

@Dimythios 22 күн бұрын

Same here. Lived within my means throughout my life and saved my money, I invested wisely and now a blue collar millionaire. Still mow the lawn every two weeks though 😊

@g.t.richardson6311 22 күн бұрын

@@Dimythios ha ha I mow mine every week, that is my “day off” Other days running and coordinating painting jobs and landscaping jobs. 25-35 an hour .. good money, keeps me active .. take on more jobs in the summer as I hire few younger friends that are teachers.

@desrender4893 16 күн бұрын

My marriage broke up at 40yrs, managed to have enough to pay a deposit on another house. But ended up being a solo dad of two and also paying support for the ex and for one child, so I was on the bones of my arse for ten years. Also, I have had to bail my kids out of financial trouble several times. But saved hard for the last 10yrs to enjoy my old age. People asked, why are you single. I tell them, women are a luxury which I cannot afford. Now retired have my hobbies and toys, and travel o/seas for a couple of months a year, having a ball.

@thirstingknowledge 12 күн бұрын

So sad to hear that! As being a female you and taking care of men rather than they of me, I can say that there are the other kind of women there as well.

@marrlena947 7 күн бұрын

I am single because men cost me too much. Now I am debt free, healthy and paid off house in the mountains. Retired for 8 years. If I was in a relationship I wouldn't be so well off.

@user-rs3zr8nj5z 17 күн бұрын

I was divorced in 1998, my business went through 2 nasty recessions in mid 70’s and early 80’s and another recession in the 1991. I had very little savings and small Social Security amount. I know others like me, many are women. So please be aware that not all the Boomers had big savings.

@floranlehmann7149 10 күн бұрын

Your not alone am with you on this am 65 and poor

@peterlynch8768 8 күн бұрын

I appreciate your post, tks. It's just so odd people who lived during relative abundants now in retirement are so fiscally devastated

@chrisowen8664 4 күн бұрын

Hi Azul Thanks for a very informative and down to earth video ,you explained a lot of things in good layman's language I will look for more of your video's .Regards Chris (England )75years young .👍😁

@joeskwara5823 17 күн бұрын

So glad we the taxpayers in the US are helping to contribute to pensions in the Ukraine. Also glad we are giving so much to illegals and people who served our country are homeless.

@matrixllc.5950 16 күн бұрын

Also Don't forget for 70 yrs the u.s. clueless government under the zionists pressure has sent trillions to apartheid israHell.

@traskstoneworks 15 күн бұрын

Many may not see your sarcasm! but from me right on!

@russshaber8071 5 күн бұрын

Democrats help the People. Republicans help the Wealthy. Since 2016 their wealth has doubled. The Wealthy take everything.

@ranns2805 5 күн бұрын

@@russshaber8071How? Do you know how much we pay for gas now? How about your grocery bill? How about the cost of a beginner house?

@joeskwara5823 5 күн бұрын

@@russshaber8071 you are using a line of thinking that is 25 years old. The Democrats are the party of the elite and the fact that you don’t realize that is frightening.

@edwardsuarez-ri5dz 22 күн бұрын

The biggest issues is the insane price of pharmaceutical and insurance

@moorefacts6605 22 күн бұрын

If you qualify for Medicare you will realize how sweet life is...

@jgconnelly 22 күн бұрын

And tricked out F150's.

@davidbrayshaw3529 22 күн бұрын

If you're in your 20's, the biggest issue is housing and food.

@lindachallenger1554 6 күн бұрын

I can speak from experience…no corporate pensions, layoffs, contract work, loss of pay between contracts, cost of living and housing increases to list a few of the issues that has plagued boomers in reference to having no retirement funds!

@royalnavarre1673 22 күн бұрын

It's terrible what is happening in this economy. Wages are not keeping up with inflation. Can't afford to buy a house, can't afford to buy a car, can't afford furniture for my over-priced apartment. We have no debt; no car payment and we are struggling paying for basic expenses. I told my husband that our next vehicle might be our future home on wheels. In Arizona summer heat, it could be deadly. I just pray we don't end up homeless.

@traskstoneworks 16 күн бұрын

Move to Oregon, lots of work and some places cheap rent, and on the coast no air con needed!

@matrixllc.5950 16 күн бұрын

It's a shame our zionists controlled government sending billions of $ to Ukraine and apartheid israHell while Americans are struggling.

@chelseacraft4669 8 күн бұрын

Northern AZ only & you’d be okay… Flagstaff & further north.

@baysideharpy8350 22 күн бұрын

Start financial planning for your retirement the first day you start work. The Govt won’t take care of you.

@BadWolf762 22 күн бұрын

The first year I started full time work the government raised the SS tax, raised the full retirement age and decided it was a good idea to tax SS benefits to save Social Security. 42 years later and here we are.

@WAL_DC-6B 10 күн бұрын

The federal government administers my Railroad Retirement pension.

@GenerationX1984 7 күн бұрын

The government will help you if you're a giant corporation or a bank. Golden parachute!!!

@georgemooyman7155 17 күн бұрын

I'm a boomer and had to overcome a broken marriage and alcoholism before I could get my life on track. When I was 40 I started in my own businesses making and installing air conditioning ductwork. It was hard work and long hours but the rewards were there, and I ended up owning 2 houses and a good amount of savings to get me and my wife through retirement. People today have given up of looking after themselves and sit around watching social media rather than planning and improving their lifestyles and have their hand out to social welfare. If you work you can get ahead, if you work hard you can do even better.

@cathynewyork7918 4 күн бұрын

And those of us who are NOT alcoholics do even better. I am 74 and living happily in New York City, with the character to never have been an alcoholic.

@angeladansie4378 17 күн бұрын

I know a lot of Boomers who re-mortgaged their houses to buy new cars, take lavish vacations, remodel perfectly nice homes, etc. Boomers insisted on SUVs instead of the trend toward fuel efficiency that we were on in the 70s. So many boomers live in huge, over-mortgated houses. It's all stupid. I am an older GenXer. My sister & I bought land, built small houses & payed off the land while driving old vehicles, used furniture, and thrift store clothes. We learned from my dad, a Boomer who worked hard & lived debt free

@douglasskinner 16 күн бұрын

At 73 yo I've lived debt free all my life. And during some of that time I lived on a pittance.

@jamesjenkins3384 10 күн бұрын

My Toyota Gas RAV can pull 40 mpg

@lindasotteau 9 күн бұрын

I did the same thing , lived with in my means. My 15 yr old Prius ( 49 mpg 😊 )

@JaneJones-lg3bd 7 күн бұрын

I witnessed the same thing throughout our young working life. Some people spent money like it was going out of style and there was no tomorrow. Had to have the very best and most expensive things to crow about at their next dinner party. I have no use for that crap so needless to say I didn't go to many dinner parties. Shallow status seekers, and have all been divorced and don't have much to show now! Sad in a way, but Karma's a bitch sometimes!

@gordonsteen8415 18 күн бұрын

Born 1946. Self-employed until age 60. Worked minimum wage until 72. Lots of $15/hr jobs out there now. Real estate saved my butt. Took SS at age 70. Wish that I could still work part time now. Some in there 80's still working. Troubled by national debt that my child and grand children will inherit.

@petemorton8403 16 күн бұрын

And great great grandchildren

@wilber504 2 күн бұрын

it's only debt if you plan on paying it back.

@sirwm3107 22 күн бұрын

I remember my Father telling me at 19…Son you want today what your mother and I worked 30 years for…get another job and get OUT OF DEBT! Sound advice! Pass it on! Blessings…

@johannakamstra-schickendan7380 8 күн бұрын

Very wise Father, lucky you

@JaneJones-lg3bd 7 күн бұрын

A lot of the trouble some people have comes from just plain greed and trying to "keep up with the Jones." (They use to call it that!)

@billwhitis9997 20 күн бұрын

Terrible? As a boomer myself, I say it is karma. We voted for it. Now, some of us will pay for it. Welcome to America.

@katydid2877 20 күн бұрын

Voted for what?

@billwhitis9997 20 күн бұрын

@@katydid2877 What, were you sleeping under a rock for the last 40+ years Rip?

@katydid2877 20 күн бұрын

@@billwhitis9997 How did what I voted for create old poor people? There are rich old people, too. Did I vote for that?

@HighCountryRambler 18 күн бұрын

Voted for what? Most of us voted for 3 Middle East peace treaties, no wars, 1.2% inflation, a secure border and energy independence and cheap gas and food. I'm 68 retired for 5 years and fortunately only thing I inherited was the knowledge to work hard and save. You have boomers mixed up with the young generation of voters voting for free stuff.

@neiljohnson6815 17 күн бұрын

So you voted for Biden?

@Gary-sx5ox 22 күн бұрын

From the time I was 30 until I was 70, my friends took a very different direction than me. They bought boats, two+houses, cars, lake houses etc. Today, they are scratching their heads wondering what happened. I worked two jobs, brought lunch everyday, saved before I spent and lived below my means. My wife and I get $15000 a month for the rest of our lives because of 50 years of sacrificing, scratching and saving.

@hogroamer260 22 күн бұрын

So you worked till 70? And have $15k in retirement income? You worked WAY too many years! I'd have to really be pissing money away to burn through $15k/month.

@jim6070 22 күн бұрын

You are so special.

@dustinmiller2775 22 күн бұрын

"Compounded interest is the eighth wonder of the world." ~Albert Einstein

@airthrowDBT 22 күн бұрын

@@hogroamer260 Read again, and again, until you realize what he said.

@hogroamer260 21 күн бұрын

@airthrowDBT Read MY comment again and again. "?" at the end of a sentence, indicates a question .

@hubertvecht7255 22 күн бұрын

Almost everyone I know has an emergency fund, they call it a credit card 🤔

@JBoy340a 22 күн бұрын

CC is a get INTO jail card. Or more appropriately debtor prison card. 18-22% interest adds up very fast and digs a deep hole.

@Joce123 22 күн бұрын

Actually I am fan of velocity banking to most quickly pay down loans..also 0% balance transfer credit cards.. It doesn't do much good for me to read what other people have done over the last decades as a couple... I like the channels above velocity banking because it gives me the tool to handle things right now as a widow

@mtejada8789 22 күн бұрын

@@JBoy340ako

@LeeLee-BB 22 күн бұрын

Rack up CC debt, enjoy shopping enjoy life, never intended to pay off debt, get it written off at some point, then start a new card👍. I think that's the plan for many.

@johnd4348 22 күн бұрын

lol, , I pay off my CC each month, but increase my credit limit every 5 years or so. by 10 K. Now I have 100 K credit . A savety net if things go south. Or maybe use it to pay off my medicals bill right before I die, but die before I can write a check to the CC company.

@xxlovely_nnightmarenightxx5035 7 күн бұрын

1 medical problem and any savings is wiped out.

@rocker76m88 Күн бұрын

You said it

@perihelion7798 12 күн бұрын

I retired at 69, and knew that I would have a very retrained and quiet lifestyle thereafter. I planned for that, fiscally, and don't regret it. Try hard to keep a hold on your money while you work.

@teamhunley 20 күн бұрын

FYI: Generation Jones = 1955 to 1964. Boomers were listening to folk music and living spoilt lives. My generation was already seeing jobs going overseas en masse and realizing there was no American Dream

@buffycat4641 17 күн бұрын

The American Dream is alive and well, you just have to prepare yourself for it.

@edb3877 17 күн бұрын

@@buffycat4641 Yes, it is, but there IS a catch to it. One has to WORK long and hard to achieve it.

@KAT-dg6el 16 күн бұрын

There is a millennial who lives down the street. She got the trailer house/Mobile home when her mom died. She has two kids in their early 20s still living at home. They’re living there not because of the economy. They’re living there because they’re worthless. One is on welfare from having a baby out of wedlock and the other one might work 30 hours a week and then he spends the rest of the time playing video games. Can’t even get his worthless butt outside to mow and weed-eat.

@misscoutts6193 9 күн бұрын

@@KAT-dg6elwaiting for their inheritance.

@Luton-Mick 4 күн бұрын

It's called a dream as you have to be asleep to believe it.

@kenmcdougal97 22 күн бұрын

I've been an apartment dweller ever since I lost my house in 08. My daughter asked me if I wanted to move in with her about 10 years ago. So I have been paying my daughter rent instead of some joeshmoe it helps her out and I get to help her out with her kids she helps me with my money because she can save a dime to last a week I can't save a dollar to last a day lol

@moorefacts6605 22 күн бұрын

Best of luck. That crash took a lot of folks out.

@nicolagianaroli2024 4 күн бұрын

solid family are a great parachute

@gybx4094 22 күн бұрын

That's insane. I'm a Boomer (age 66) and my parents were Great Depresson-WW2 folks. They taught me to save since the time I could walk. They also taught me to be frugal. I retired at age 62 with 3 IRAs, Soc. Sec., a taxable account, high yield savings account with a large emergency fund, a small pension, a paid off house, no debt, massive monthly dividend accounts, and a part time job. I'm not wealthy, but a formal financial analysis shows I can survive to 91 even with a 40% hit on my investments. I can't believe people in my generation have zero saved. I'm still saving even though my advisor says I should spend more.

@johnd4348 22 күн бұрын

You and millions others. I am same as you, My parents taught me to save no matter how hard times were. They lived thru the Depression. They knew hard times. Passed those values to me.

@cuz129 22 күн бұрын

Me three. How could I fail with parents that preached avoiding debt, saving and investing. The super power to life is parents that teach truth.

@paulh7798 22 күн бұрын

Yeah, I'm thinking the same thing, and I'm not even one of the frugal and prone to save people. I'm just a regular Joe and it seems I have more saved than the vast majority of Americans.

@jaygold4467 22 күн бұрын

The 2008 Depression thru Baby Boomers in the streets and wiped out their retirement savings. Don't you remember?

@kwilliams2239 22 күн бұрын

Ditto, except the age (71).

@stephencullum8255 20 күн бұрын

I am a boomer in my seventies. I have seen what past generations had for retirement and nothing really has changed. Pensions have always been rare and most people do not have one. Most people relied on Social Security. I had a good job with a generous pension and that was one of the reasons I choice that municipality Utility to work for. Made sacrifices to save and invest. Some people just do not make enough money to save much , even with sacrifices. Worked plenty of overtime hours which has beefed up my Social Security benefit. A lot of my relatives have not done what I did and I help them as I can. Yes it is a problem but not a new problem. The best thing we could do is beef up Social Security for the poorer retirees. It would not take much more increase of the tax to do that. We can as a society do this, it is very affordable . Social Security consumes about 4.8 % of the national GDP a little bit more would be enough to fix this. It is about what is important to us. BTW I am a fairly well off retiree and this past Monday cut up a large tree that fell in my yard and moved it to my back yard to burn eventually, (Fit). About the total opposite of the picture you painted. There have always been retirees like me too.

@jamesjenkins3384 10 күн бұрын

Cut down a 50ft tree of heaven myself and burned in my wood stove for 4 years of heat. It had crushed my sewer line.

@swallman 22 күн бұрын

The problem was corporations ended pensions as boomers were 10-20 years into the workforce. So when they started pensions were a thing and corporations all got rid of them and replaced them with 401-k.

@douglasskinner 16 күн бұрын

Absolutely right. When I entered the workforce (50+ years ago) there were defined-benefit pensions which were later replaced by defined-contribution pensions. Gen Z thinks it's unique because it thinks it was shafted and, heck!, they've only begun their lives. They've been so pampered they want to give up too easily.

@3beltwesty 8 күн бұрын

Pensions ended many generations ago in many industries and families. My last direct relative that had a pension retired in 1948. Another relative An uncle got 18 bucks a month pension from General Motors from his 1950s tenure there. I worked at a place in 1979 that had a pension plan. BUT you only became vested if worked there 10 years. During giant layoffs in 1983 great folks with 9 years 10 months were fired to kill off the pension liability. While at that place for 4 years the California tax board would not allow deduction of an IRA on state tax since worked for a place that had a pension. So when I put 2000 in an ira in 1983 California only allowed 1500 since calif law. Then 3 years later I had to pay California taxes plus penalties plus interest on 2 years disallowed ira deductions. The California tax folks said I could since not vested. Then 3 years later has to pay like 550 bucks since they changed their stance. So really a company could say you have to be there 500 years and nobody is ever vested so California won't allow ira deductions Actually the only folks I know who have Pensions are government retires. Maybe the telephone company or power company too.

@falcngnzx2 Күн бұрын

Pensions are putting all of your eggs in one basket.

@bobbiejean3346 4 күн бұрын

And what set me back actually was being scammed it seems like just about everyone in the world these days have been a victim of it.

@andyj8518 6 күн бұрын

Each generation hating on the other generations is yet another example of the divisive culture we currently live in. It serves no one. All generations have made big mistakes, often propelled by macro economic forces and consistently poor government. The internet has given us alternative information, so we should now at least be better informed, in theory.

@user-wd5qw2sr4d 17 күн бұрын

And our loyal (sarcasm) representatives in Congress decided to give SS to criminal invaders as well as medicare.

@traskstoneworks 16 күн бұрын

Yes and I'm totally pissed about it too!!!!!! We know of a family that came to this country and in two years got SS disability .more than three times what we get and we did crappy jobs for over 40 years

@larriveeman 22 күн бұрын

fortunately I do have a pension, when I was 24 I realized a pension was the way to go so I went federal gov, 40 years later ( I bought back my military time) I have a great pension, plus SS and tsp/IRA and no debt, wife also has a small fed pension + SS

@veramae4098 2 күн бұрын

My retirement savings were either lost by my financial advisors or stolen by scammers. Nobody told me unless I was retiring.

@glennheeren1888 17 күн бұрын

I retired early due to the forced injection. Nobody wants to talk about that elephant. Thank you government, I’m enjoying a responsible lifestyle. My biggest concerns are inflation gobbling up all my savings and insane health care costs.

@PhilosopherKing73 11 күн бұрын

I retired in 2009 and I’ll gladly talk about the elephant…got all my injections (and every booster since). I suffered nothing worse than a sore arm. I haven’t had covid….sorry you got conned into retiring early by all this anti vax nonsense…you have no one to “thank” but yourself…

@boulderangel124 10 күн бұрын

Hopefully, that forced injection 💉 did not cause you an adverse reaction that forced your early retirement. If you were forced to retire because of noncompliance with the mandated injection, you made a wise decision imo.

@robertdavis5714 18 күн бұрын

Born 1961. After what I have gone thru past 4 years I am surprised I am not homeless. Lost tens of thousands dollars in Stock Market (suppose to be my retirement), sister stole all money in Grandmothers Death Will (I was Att Exec) 2011 Motorcycle accident from intoxicated female driver, hit asphalt at 70 MPH wearing t shirt jeans and tennis shoes, skinned alive but lived. 2021 Health issues with Candida and lost 100 lbs in a few months. I can go on and on..........................But, the commander in chief is doing this to me for a reason (got my 1st vision at age 6 that saved my Life, there is a reason why I am still alive), where I live countless scandal, corruption and deception against my personal behalf, having to go to Court over Lies (sound familiar). Anybody that would have gone thru what I have would have committed suicide a long time ago.

@cordeliav3055 17 күн бұрын

Am left gasping by your story!

@Peter-hg2oc 20 күн бұрын

Really glad that in Australia we have compulsory superannuation so I’ve now retired comfortably at 60.

@JaneJones-lg3bd 7 күн бұрын

My husband had the same where he worked. It wasn't a choice, it was automatically deducted from your pay before you saw your wages. I think a big part of retirement success is DON'T spend your young working years running up debt!! If you can't pay for things on your wages do not expect to have them! Learn to do without the frills. Face the fact that if you are not born a Rockefeller or Hilton, and the like, then you are ordinary working folks. And that is just fine! Live accordingly.

@paulsi1234 6 күн бұрын

Yes me too. It helps that we don’t have medical debt, USA sucks if you’re not rich!

@SusanA1056 2 күн бұрын

I'm a boomer. My house is paid off. However, my rising taxes and rising utilities and crazy rising food costs make it very difficult for me. I use rain water in the house and despite my savings I just may have to return to work at age 70.

@randallthomas5207 4 күн бұрын

Those of us on the tail end got screwed, and we are not part of the baby boom. Older siblings are baby boomers. The division is when did you graduate from high school. The front edge of the boom graduated into a strong economy. Those who graduated after the end of the Vietnam war, graduated into an economy which was a mess. Jobs were hard to find, interest rates were the highest in record, and we had to endure stagflation. My older siblings all went to college for nominal costs at state universities. Then second phase graduated from college in debt. Because state colleges had begun charging more.

@richardwallerstein539 22 күн бұрын

Gray divorce can put both partners in a financial straight.

@g.t.richardson6311 22 күн бұрын

Very true

@simstick 22 күн бұрын

No man should marry under no fault divorce.

@ktech2762 22 күн бұрын

_Living_ _Apart_ _Together_ is an option for those who remarry here. Most men tend to remarry; e.g. of the rich Bezos, Musk. The women statistically not so much if grand-kids come into the mix from their children. You see men heading to the Philippines, Thailand to go behave like saviours in South East Asia.

@moorefacts6605 22 күн бұрын

She took the house I kept my pension. My inheritance produced a house. Now she's mad.

@cuz129 22 күн бұрын

I'm a boomer, lived fairly frugally, gave generously and earned a very high income. No way a guy like me could fail at retirement. But you have to be gifted or lucky to be a high earner. Most people can't do that. I was lucky.

@davidbrayshaw3529 22 күн бұрын

It is very commendable that you appreciate your luck. Few are so honest. And those that aren't are never happy, either.

@traskstoneworks 17 күн бұрын

thanks for saying that, yes some of us got lucky, but when your ship comes in you better have the line to tie it up!!!

@DeborahKettle-bs6du 5 күн бұрын

Your kids can drain your savings with all kinds of "emergencies"!!! That's where all my retirement funds went. And now I'm alone and never get a phone call or any help!!! 😢

@robertklund4861 2 сағат бұрын

How many people can fathom an unexpected health crisis, either illness or injury that puts them in the hospital?

@billcarlson1730 21 күн бұрын

I'm a boomer, I have money. Because I worked 2 jobs for 35 years. Lived off one income and invested the other income. It's your own fault if you have no money to retire on.

@billcarlson1730 19 күн бұрын

@@Jj-gi2uv Vanguards VGT. Its been crapping cash for 20 years! Get with it man!

@AzzekaTheRealOne 17 күн бұрын

Not a boomer but George Carlin was right about boomers

@edb3877 17 күн бұрын

Agree that living a carefree life with one's money seldom works well. Lack thereof in one's retirement years is pretty much a self-inflicted wound. I understand that there are a lot of people who barely scrape by financially. My grand parents were in such a position. They were poorly educated, very hard working, and always seemed to have a job somewhere. Most of their jobs didn't pay very well but one can make do on a lower income IF one plans carefully. I never worked 2 jobs but my wife and I both had decent careers and made decent money. Managing that led to an early and comfortable retirement for both of us. I owe a lot of this to my mom, a very good self-taught money manager. Her rules were simple and effective: 1) work hard at whatever you do; 2) save religiously; 3) invest wisely; and 4) spend very carefully. To this I added: 5) find a great spouse and stay with them for life. At age 74, so far, so good. 🙂

@billcarlson1730 17 күн бұрын

@@AzzekaTheRealOne Carlin has been dead for 16 years, what does he know?

@randymillhouse791 17 күн бұрын

@@billcarlson1730 More than you and Mark Twain.

@ginamcneal4435 22 күн бұрын

I am a baby boomer. I watch younger people around me spend money frivolously ( in my opinion) . Expensive hair and nails , new cars , putting trips they cant afford on credit cards , shopping for recreation, Starbucks everyday... The list goes on and on. I worry for them. Itll be even tougher than it is now in 50 years when they try to retire.

@KathleenMcNe 21 күн бұрын

I'm a boomer (with zero debt and a net worth approaching $14 million), and I also observe how freely younger generations spend money. Instead of living frugally, saving and investing like my fellow boomers and I did, younger generations spend a lot of their money on luxuries that we boomers never would have wasted money on.

@timothykeith1367 21 күн бұрын

Starbucks isn't a big expense. It is only when you can't save money.

@xxxxxxxxx3944 21 күн бұрын

To be honest, people after Gen X can't buy houses, can't go to college, can't afford children. So why not just spend on frivolities ? Are you going to deny them even that ? Boomers enjoyed all those things denied to people after Gen X. Are you so misery in your assessment of people who didn't have it as good as you ?

@ginamcneal4435 21 күн бұрын

@@timothykeith1367 I agree

@katydid2877 20 күн бұрын

@@timothykeith1367 It’s an unnecessary expense when you buy one every day and you don’t really have the money to be doing that. You can make coffee at home.

@brucemarmy8500 5 күн бұрын

Increased housing costs are nobody's boon. The higher prices do not create equity. the large sale prices don't create wealth for the homeowner when that person must now buy a new home. Your home is a nest egg, not for you, but whoever inherits it after you've kicked the bucket.

@taintedmeat9740 5 күн бұрын

Try finding a job when you are over 55...especially in a crap economy.

@rocker76m88 Күн бұрын

Age discrimination is alive and well. Make no mistake about thinking it isn't

@Shaggydude2 17 күн бұрын

I can't speak for anyone else, in my case, my employer miss managed our co. Which our 401k were 100% divested in. Well, after 25+ of contributing to my 401k, id amassed about 150k, then the company got into finance trouble, and everyone lost their 401ks which were based on the stock. Now, after starting over I have 50k and im approaching the end of my ability work.

@traskstoneworks 17 күн бұрын

*hit happens!

@marymacdonald2379 11 күн бұрын

My 72 year old sister, bright enough to be a successful fraud analyst for a major U.S. bank for years, mismanaged her assets and income for 30 years. She remains in one of the highest living cost areas in the country for social reasons. She works 24 to 32 hours a week at Safeway as a cashier, with no plan for retiring soon.

@jasonfitzpatrick414 5 күн бұрын

She probably kept up with the joneses. Spending to be one of the people living the dream. Help and love your sister. Money is not important.

@PAPITO_49 9 күн бұрын

A person should have his major life needs paid off by age 55.

@lorenzell3104 22 күн бұрын

The number of people on govt payments, the number of people wiped out by divorce, and those in low income jobs who lived paycheck to paycheck should be about 50%.

@cliffoilarjr2682 22 күн бұрын

That's me! 2 divorces hit me hard, but I'm grateful I'm doing better than the 50% mentioned. Working on being debt free!

@MidlifeCrisisManagement 22 күн бұрын

"something terrible is happening to boomers" and anyone else who fails to plan, save, and invest. those who fail to impose financial sacrifice upon themselves eventually have financial sacrifice imposed upon them.

@sco0tpa 22 күн бұрын

Exactly, these are the people who voted for no government, no unions and every man for himself. If you want all of those things, you better be saving and investing.

@moorefacts6605 22 күн бұрын

Happens to every generation. What is discouraging is some work hard to obtain security in old age while others figure out a way to get govt. benefits in some claim of disability. Some folks deserve the extra income but I've seen a few who were milking it.

@cathyandresiak 22 күн бұрын

Oh BS , they base how much your SS will be according to your income from 40 years ago and that is why SS is so low as well as pensions! They knew baby boomers were coming and they used SS and invested it and never put it back! All of these people on here that think they are so superior because they saved money is arrogant and rude! I am a nurse and the elderly are suffering in this country, especially women that took time off to raise children, they are being punished for it in their old age! This country should be ashamed and someday the powers. of the wicked will be mowed down like a blade of grass!

@jaygold4467 22 күн бұрын

Oh yeah, like the 2008 Depression that thru all the Baby Boomers out of work never to find another decent job again??? Who "imposed" that? Bill Clinton and George Bush! Glass Steagall anyone?

@WeekendsOutsideFL 21 күн бұрын

The thing about it is, I don’t have access to jobs which pay enough for me to even maintain my cheap 7 year old ford, much less save and invest. I skip meals, wear rags, never go out. The whole idea people refuse to accept is civilization is collapsing

@edmundfreeman7203 22 күн бұрын

The retirement stool has become the retirement unicycle. Good luck keeping your balance.

@markjonz 22 күн бұрын

Pogo stick 😂

@sandramader1880 21 күн бұрын

@@markjonz lol

@kirk8429 22 күн бұрын

Something good is also happening. Just retired at 64 and fortunately planned this well. Getting ready to hit the highways and skyways for the next 5 -10 years. Will see what's up with SS in 10 years but not worrying about it.

@tallman369 17 күн бұрын

Are dollar is debased. Let's cut the pie in the sky nonsense.

@kathleenjohnson3645 5 күн бұрын

I was married to a non saver who grew up with non savers. It’s how you were raised. Once I divorced I was able to control my life. High yield USBonds, 401Ks and moved out of California to a state with lower cost of living. Worked for forty years. No mortgage, no car payments, early forced retirement due to mother’s cancer and dementia. My social security puts me in poverty level. I got cancer and would have been wiped out if I was above poverty level. Luck is what happens along with being frugal. Don’t spend more than you take in.

@prschuster 17 күн бұрын

Not everyone can land a job that pays $50/hour. Then there are way too many things that can eat up your retirement. Go figure.

@gordonallen9095 14 күн бұрын

Like INFLATION....

@Attalla2023 22 күн бұрын

Just retired. Took all savings. Retirement etc. And paid for house, room to farm cars etc. No saving, no debt. Living on ss and I save some of that. It's not saving, it's debt

@markhumphreys7040 22 күн бұрын

I partially agree. Debt is a killer. If you and a spouse can live on SS, then both of you must have maxed it. My wife likes travel with her friends. I go to my deer lease at least once a month. We both do short trips to the country together. But need more than just SS. Fortunately, we have some investments to help.

@1stKeepFocus 22 күн бұрын

@Attalla2023, I agree with you. Debt or credit card debt or any kind of debt (accumulated) while on a fixed retirement income is not a good strategy.

@paulgarton6115 15 күн бұрын

Trillions skimmed from Social Security Trust Fund. Trillions diverted to Ukraine, Israel, war-displaced 'immigrants' and the Zelensky Trust Fund.

@michaellightbown9492 22 күн бұрын

Boomers are in trouble? Try being a millennial or genz these days.

@Savvynomad225 22 күн бұрын

Once boomers start transitioning to dirt, millennials and gen z will be fine

@JBoy340a 22 күн бұрын

Some millenials are doing fine. They got good education and good jobs and are able to save and invest considerable amounts. And the have decades of time for those savings and investments to grow. It all depends on planning. The sooner you start saving for retirement the better off you will be in retirement.

@squidward66 22 күн бұрын

Thanks for skipping the invisible Gen X'ers. We like it that way.

@michaellightbown9492 22 күн бұрын

@@squidward66 lol I’m genx. We have it much better than younger kids.

@johnd4348 22 күн бұрын

Try growing up in the Depression and then fighting in WW2. Thats what my parents did. They would gladly trade places with you. millinuals and Gen Z have it easy as pie. Its a cake walk to live these days.

@BernWag 21 күн бұрын

I'm a boomer. My wife is a boomer. We worked hard, very hard, and we sacrificed. No expensive vacations, No expensive new cars, No crazy spending. We invested in our jobs, kept getting better educated, this is key. We made ourselves as indispensable as possible. That paid off. The harder we worked, the luckier we got. We are almost 70 now and we are not worried about anything other than young people f***ing up the country with socialist ideas, which mean paying people for achieving things that they never actually accomplished. Unless the country goes under, working hard and saving is still the way to go. Make yourself useful, don't waste money, sacrifice as much as you can, put off pleasure for another day, and you may just be OK.

@roxannerobertson554 20 күн бұрын

Yup, copy that! We did that also and are doing fine…..it really is about the grasshopper and the ants, folks… welcome to reality….. .

@stephencullum8255 20 күн бұрын

Pretty much the same story. But the bit about young people messing up the country I cannot agree. We made our share of mistakes. I have hope in my kids and grandkids. As far as going socialist not a snowballs chance in hell of that happening. Much greater chance of going fascist . That is what is worrying me.

@BernWag 20 күн бұрын

@@stephencullum8255 I'm not asking for your agreement, but OK. I see what I see. I have faith in my kids because they learned from me. It's other people's kids that worry me.

@schoomzer 20 күн бұрын

Some of your statements are accurate and wise; however, putting off pleasure for another day is not. I'm not suggesting hedonism and extravagance are the way to live, but people need joy and pleasure in their lives to be happy. Unfortunately, the left is moving towards socialism, which will bring about the total downfall of this once wonderful country. Paying for all of the illegals will bring about that outcome sooner than later.

@jefferyneumann3390 20 күн бұрын

Well said

@panfergan 7 күн бұрын

I’m a 69 year old homeless, honorably discharged veteran. People don’t give a shit.

@erin19030 6 күн бұрын

I am a pre boomer born in 42. We had our war in Nam, it was a meat grinder. Coming home from Nam was tough, being spat upon by our countrymen that we gave a blank check for our lives for. Living in the country I fought to defend was no picnic either. There were meager military benefits at hand like college assistance and buying that new home with affordable interest rates. My son will inherit my house. He and I are currently restoring it to like new condition. My life’s wealth will be Passed on to him as he earns it. We are not waiting until I am dead. I enjoy living with him as I teach him home maintenance.

@erin19030 6 күн бұрын

I salute all you boomers , we had good times and bad times. We made it thru. Lets not abandon the Democracy that kept us free , safe and prosperous. Please be sure to vote BLUE.

@darioinfini 7 күн бұрын

I was talking with a couple recently about aging. After complaining about the older generation's expectations in terms of support, they turned around and said they told their kids they need to figure out "who gets mom and dad". I thought that was so so sad. Yes, let's burden the kids -- who will be growing up in a dying empire and struggling to navigate an incredibly difficult economy. Yes, which of THEM gets to take on the burden of supporting you. Man up. Seriously. Did you have kids to support you? Is that what that was all about? I didn't do that. I don't expect anything back from my kids. They have ENOUGH to deal with of their own accord.

@sactopyrshep 22 күн бұрын

My union membership gave me more than a living wage and an excellent pension.

@Kayla11113 22 күн бұрын

If we stopped running a war machine this country could give it's people great healthcare at little to no cost. People living on the streets could have a room with a shower and food. That's the least we can do. And don't come at me. I have saved well, I don't need help.

@moorefacts6605 22 күн бұрын

Good comment.

@swallman 22 күн бұрын

Why we should get out of NATO, they have free healthcare because Americans pay for their defense.

@davidbrayshaw3529 22 күн бұрын

What? And destroy Reagan's legacy for America? Think of the poor investors at G.E, Lockheed, Boeing and so on. Oh, the humanity!!!

@ada-yw1bb 22 күн бұрын

Have you looked around the world ? That big stick America carries is what allows you to " not need help ". That said, we involve ourselves in plenty of wars we shouldn't. America can't and shouldn't give every body every thing free, because nothing is free . It always comes at a cost to someone. What we should be doing is providing everyone with the oppurtunity to succeed. That is the governments responsibility, and they fail at it miserably. Sadly, many people are happy just running in place .

@Kayla11113 22 күн бұрын

@@davidbrayshaw3529 😂🤣😂🤣😂🤣

@KYurk 5 күн бұрын

How can you save when you can barely afford food and shelter?

@davidpowell3347 17 күн бұрын

Real Estate market "doing well" is a double edge sword that is an expense rather than a benefit for many

@leeinwis 17 күн бұрын

He never heard of the housing crash during Obama years..

@Dave-my1we 22 күн бұрын

Gee…. Don’t allow ‘lifestyle creep”, Spend 15% less than you earn and invest the rest starting now later than age 27. Everyone can do this. If you have the will. Today. 30 years ago. And 30 years from now.

@lesleysears9808 21 күн бұрын

I was planning to work until 70 because I liked my job as a nurse and did not want to be poor like when I was a child. Unfortunately and unplanned my autoimmune disease disabled me at 60. Fortunately my mother worked until 78 as a legal secretary, she left me enough to survive due to her working until she was almost dead at 80 so her working an extra 13 years saved me from poverty being her only child. My dad was a bum and left nothing.

@misscoutts6193 9 күн бұрын

Stayed single? Iucky you were the "only child"!

@user-un8yt9gd1t 20 күн бұрын

All the "toys" ,swanky vacations, too much house and fancy cars.. It'll bite your ass HARD when you get old...

@Jacquie_Kirk_111 22 күн бұрын

I always lived below my means. Second hand car, small house, rare vacations. So now i have enough to retire. Those that blew their money are now seeing the repercussions.......

@keithss67 22 күн бұрын

And you reused toilet paper 🧻👍

@tonyherdina9142 22 күн бұрын

I know guys in that situation and they blow what extra money they have in a casino, at a racetrack or on lottery tickets.

@MrCPPG 22 күн бұрын

@@keithss67 Toilet paper? We used big maple leaves.

@keithss67 22 күн бұрын

@@MrCPPG as opposed to hundred dollar bills

@TheWhitehawker 22 күн бұрын

You should have upscaled to a grander house in a more desirable neighbourhood and then being able to down size then having the increase profit of the last 25 years to invest and live off.

@iangaskin5469 6 күн бұрын

50% of homelessness is drug addiction, decriminalization, doctor, percription and chemist shop. in a legal environment. Crime will reduce by 50%

@AS-tt8ui 21 күн бұрын

Fixed up old house, paid it off in 15 years, drove cars to over 200k miles, did all car repair myself. Big garden, hung out laundry etc.. Did everything possible myself Saved and saved all we could. Retired with 2.5 million in investments, savings. Anyone can do it it just takes discipline and sacrifice.

@traskstoneworks 16 күн бұрын

Same with us! but you got us beat by 1/4 mil.

@johnpick8336 22 күн бұрын

I am 72 years old and have noticed that more than a few elderly people who were set in retirement are being bankrupted by some of the same hedge and investor funds that offshored and liquidated our US manufacturing capibility. Greed is why ?

@jaygold4467 22 күн бұрын

Exactly. Globalists.

@kwilliams2239 22 күн бұрын

If they're being wiped out by hedge funds, or anything like that, they haven't invested wisely. Only a fool would invest in a Madoff-like scam.

@xyz987123abc 20 күн бұрын

@@kwilliams2239 AND KEEP INVESTING IN SAME THING. LAZY OR STUPID IS ONE THING BUT LAZY and STUPID IS ANOTHER.

@kwilliams2239 20 күн бұрын

@@xyz987123abc There is nothing wrong with index funds, exchange traded funds, or target date funds, with a low/no cost brokerage (Schwab, Fidelity. or Vanguard). The target-date fund being the best choice for retirement accounts. The slow and steady tortoise will beat the hare, nine times out of ten. The money will be there ten times out of ten.

@chipliddiard4313 17 күн бұрын

Most pension went to 401 k and it really doesn’t work.

@marymacdonald2379 11 күн бұрын

Agree. My 38 year old stepson has had a good job for 5 years; his retirement plan there is 401K. It could disappear later when he won't have the time left to build an alternate fund.

@goldstandardaviation1667 22 күн бұрын

66 yo Boomer and small business owner here. Last year saw historically high earnings for me. This year will probably equal that profitability if consumers continue to spend like drunken sailors. I plan to semi-retire at age 70 and start collecting social security. That is IF the economy keeps going strong. I've been saving like a pack-rat for years and it paid off. Owning a business is full of risk and reward. It isn't for the faint-hearted.

@markhumphreys7040 22 күн бұрын

70 in two months. I'm winding down a small business with less than 20% of the work I had when I made the decision 6 months. It'll probably take a year to all be finished. Regretting a bit waiting so long. My attitude was I would work til I died. Caught Covid and then a few extra problems and decided I should retire to do things. With less work and playing more I have found that my physical stamina isn't what I want it to be to do the things I want to do. Hey, I walk two miles 5-6 times a week, but getting older is resulting in loss of mobility/elasticity and it sucks. If you have the money, retire ASAP!

@hogroamer260 22 күн бұрын

Nope, I was happy working for the man, knocking down six figures, getting paid sick days and vacation and letting them pay half my Social Security tax. Retired at 56 but took a bunch of crap from time to time.

@joking6052 21 күн бұрын

I was very fortunate. Worked hard since a teenager and retired with a pension , savings, social security, a dozen apartments/mtg free, and 401k. It wasn't easy but anyone could have done it with some effort. God is great.

@johannesswillery7855 20 күн бұрын

God is great. It truly is about delayed gratification.

@traskstoneworks 17 күн бұрын

We know, we did! five homes all paid for and 620k in treasuries

@davidsolberg9464 22 күн бұрын

A good share of union labor still has pensions.

@Kayla11113 22 күн бұрын

If we stopped running a war machine this country could give it's people great healthcare are little to no cost. People living on the streets could have a room with a shower and food. That's the least we can do. And don't come at me. I have saved well, I don't need help.

@JackieGleason-kv4xi 20 күн бұрын

Sounds like you would prefer to live in China, where they take care of you better?

@practicallandlording2787 21 күн бұрын

Retirement is a quick death for men. Stay active and keep working. In my 70's and still going strong working on apartments although I no longer regularly load heavy materials. Money is not an issue. Old boomers are in high demand for any position which involves responsibility. Want to get a few.

@douglasskinner 16 күн бұрын

Old Boomers in demand? I don't doubt you, just want to know where?

@realestatearbitrage1124 22 күн бұрын

Teacher here. Saved my first $9K and invested in real estate. Ended up with dozens of houses that I rent out. Never loo0ked back. buy one, rent it out, refi and buy another. They are like acorns...they reproduce. $9K to $15M in 30 years. Never spent money on cars. Never sell your real estate. Just rent it out and pay it off with the rents. Retired at 58. No stock market, no Bitcoin here. Started investing in RE at 26. Pension + rents + retirement!

@Kool_rosmom 18 күн бұрын

@@Jj-gi2uvGood advice as I did just that ! Sold 1/2 of mine portfolio in mid covid yrs ( prices surged over 25% veto all so called expert economists call for 15% drop) less stress only have good tenants & passive income. Thank God everyday.

@user-hb1ui8ss5v 7 күн бұрын

No fault divorce undid countless working men.

@edwardsuarez-ri5dz 22 күн бұрын

The retired early because of age discrimination. I know professional who once they hit late 50s the best job they could get were delivery drivers.

@paland99 22 күн бұрын

They can always check receipts at Walmart.

@marcielynn4886 3 күн бұрын

No student loans, no car payments, no water bill, no electric bill, no rent or mortgage. Life off the grid in Hawaii.

@mlw1700 22 күн бұрын

It would help if the Govt would quit taxing SS benefits.

@lg5683 22 күн бұрын

Inflation high cost of everything we wait in line behind people who don’t belong and you know who☹️

@mamatrain100 9 күн бұрын

Some of us got our savings and pension stolen.

@chris5942 2 күн бұрын

I had to retire 5 years early to take care of my mom.

@LoneWolf-qk9pl 22 күн бұрын

61 and doin great....Boys....watch out for the golddiggers .... Especially now in a Recession/ Depression

@lisa408t 22 күн бұрын

Women, watch out for the gold diggers

@vincentharris7909 22 күн бұрын

I’m happy to see someone else knows what is about to happen or happening. Women will be giving it away just for a place to stay in short time.

@glendacastillo6504 22 күн бұрын

@@lisa408t only date, don't marry. Protect what you have.

@paulh7798 22 күн бұрын

Get yourself a passport buddy! 😂

@lisa408t 22 күн бұрын

@@glendacastillo6504 of course! Lol

@vernshird711 21 күн бұрын

"I've been a subscriber now for nearly 20 months. I'm here to tell you that the 3 legged stool can be what you what it to be. No pension? Well you can still have a p/t job leg, a SS leg, and a 401k leg. The important thing to know is that the legs are interchangeable. Maybe you retire at 62 and then work p/t doing something you enjoy until 70. You could have a p/t job, a 401k, and SS as your legs. When you turn 70, you pull out the p/t job leg and replace it with an IRA leg or a brokerage leg. Think of it as a retirement stool kit. The more legs your kit has, the more flexibility you have with your retirement income."

@gregheard184 5 күн бұрын

So sad. So many retirees are not prepared to retired. They will have to work and most vote against safety nets.

@777wrench 5 күн бұрын

I read a book titled Pay Yourself First a long time ago. Everyone should read it. After reading the book, I started saving 10% of my paychecks . I was able to save a nice nest egg, and now pulling .04% from while the account now that I’m retired. If you don’t want to be poor in your retirement years you need to plan for retirement. Failure to plan is nobody’s fault of their own. Our education system needs to better prepare future generations to plan for their retirement early In life..