The Number of Those Working Past 65 Is at a Record High

[CitadelGrad]

http://www.nytimes.com/2012/05/19/busin ... f=business

Thank you, President Obama.

[Bronco]

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Young folks were suckered into voting for BHO and his grand promises

If you do it again after having your eyes opened then you really are not very smart and deserve your crappy future


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rick santille cnbc wake up young people

[kalm]

Oh cry me a river.

These lazy seniors weren't smart enough to save up when times were good or to educate the generation that followed enough to make them more employable than grandpa during a recession.

But yes, this clearly Obama's fault.

[Cap'n Cat]

Oh cry me a river.

These lazy seniors weren't smart enough to save up when times were good or to educate the generation that followed enough to make them more employable than grandpa during a recession.

But yes, this clearly Obama's fault.

Fuck, kalmie, they're in their predicament because they followed the Conk recipe: Spend, spend, spend and trust in the markets (and capitalism).

Conks shoulda learned from Coolidge and Hoover, but, alas, they're too blind.

[kalm]

Oh cry me a river.

These lazy seniors weren't smart enough to save up when times were good or to educate the generation that followed enough to make them more employable than grandpa during a recession.

But yes, this clearly Obama's fault.

Fuck, kalmie, they're in their predicament because they followed the Conk recipe: Spend, spend, spend and trust in the markets (and capitalism).

Conks shoulda learned from Coolidge and Hoover, but, alas, they're too blind.

Don't be silly. Cheney told us that Reagan proved that deficits don't matter. As long as you cut taxes and keep government from regulating you will ALWAYS have perpetual growth...FOREVER!

[Cap'n Cat]

"Thanks, Mr. Reagan. I've trickled down to this."

[Ibanez]

"Thanks, Mr. Reagan. I've trickled down to this."

Looks like something has been trickling down his leg. Hence he's cleaning.

YOu have to look BEYOND the picture Cappy. Don't worry, you'll get there.

[Wedgebuster]

Need to get back to having a reducing life expectancy, for budgetary reasons alone.

Place would look and smell better too.

[Ivytalk]

Former Donk Governor Dick Lamm was right.

[bluehenbillk]

Oh cry me a river.

These lazy seniors weren't smart enough to save up when times were good or to educate the generation that followed enough to make them more employable than grandpa during a recession.

But yes, this clearly Obama's fault.

Bingo!!

Looking at what people have or don't have in their 401(k)'s these numbers are just going to get bigger.

It's amazing in a dramatically declining pension-less society that people don't save anything for retirement. Obvioulsy they never visit Florida or Arizona.....

[YoUDeeMan]

Bingo!!

Looking at what people have or don't have in their 401(k)'s these numbers are just going to get bigger.

It's amazing in a dramatically declining pension-less society that people don't save anything for retirement. Obvioulsy they never visit Florida or Arizona.....

In school, we spend hundreds of hours teaching kids about Louis XIV, 1066, Taft, the Teapot Dome Scandal, and a whole host of other crap they won't remember (or need), but we don't sit them down for a basic math class that would demonstrate the power of compound interest and the need to save money.

At home, kids have probably seen thousands of hours of useless television shows and sports contests...and yet most haven't spent a few minutes thinking about and planning their financial future.

[Ibanez]

Bingo!!

Looking at what people have or don't have in their 401(k)'s these numbers are just going to get bigger.

It's amazing in a dramatically declining pension-less society that people don't save anything for retirement. Obvioulsy they never visit Florida or Arizona.....

In school, we spend hundreds of hours teaching kids about Louis XIV, 1066, Taft, the Teapot Dome Scandal, and a whole host of other crap they won't remember (or need), but we don't sit them down for a basic math class that would demonstrate the power of compound interest and the need to save money.

At home, kids have probably seen thousands of hours of useless television shows and sports contests...and yet most haven't spent a few minutes thinking about and planning their financial future.

While I think history is important, I agree that a HOme Economics class needs to be taught. I recall my dad taking me to Sunday breakfast, something he NEVER did, and there he asked me what I wanted to be. I told him ( I think I said cop or something stupid) and he showed me how thier measely pay would barely afford an apt, insurance, a reliable car, food, etc... It was an eye opener.

[CitadelGrad]

Bingo!!

Looking at what people have or don't have in their 401(k)'s these numbers are just going to get bigger.

It's amazing in a dramatically declining pension-less society that people don't save anything for retirement. Obvioulsy they never visit Florida or Arizona.....

In school, we spend hundreds of hours teaching kids about Louis XIV, 1066, Taft, the Teapot Dome Scandal, and a whole host of other crap they won't remember (or need), but we don't sit them down for a basic math class that would demonstrate the power of compound interest and the need to save money.

At home, kids have probably seen thousands of hours of useless television shows and sports contests...and yet most haven't spent a few minutes thinking about and planning their financial future.

Do you know why basic economics and finance are rarely taught in public schools? Teacher unions always oppose the introduction of those courses when they've been proposed. I can't imagine why.

[kalm]

In school, we spend hundreds of hours teaching kids about Louis XIV, 1066, Taft, the Teapot Dome Scandal, and a whole host of other crap they won't remember (or need), but we don't sit them down for a basic math class that would demonstrate the power of compound interest and the need to save money.

At home, kids have probably seen thousands of hours of useless television shows and sports contests...and yet most haven't spent a few minutes thinking about and planning their financial future.

Do you know why basic economics and finance are rarely taught in public schools? Teacher unions always oppose the introduction of those courses when they've been proposed. I can't imagine why.

I don't know if that's true about the teacher's unions, but if it is, I agree. A measely cop's salary should be enough for most of us to be happy.

[UNI88]

Why is it a bad thing that the number of people working past 65 is at a record high? More people are living longer and it stands to reason that more people will work longer. It's either that or save more so that they can maintain their desired standard of living in retirement. Wedgie's right, either life expectancy drops or people have to work longer.

I do agree that we need more education about basic home economics and finances. The only education I had was a basic exercise in stock trading in a high school social studies class. There are teachers doing good work in this area including one in my kids' school:

Nothing in life is free, including using your desk while in school. Megan Monsen, a teacher at Pleviak Elementary, teaches her sixth grade students that during a miniature economy lesson she developed.

Once the project begins, students may not just use their desks for free. They can become “homeless” if they are unable to rent, mortgage or own their desks. Desks are treated as a home and students earn money, pay income taxes, plan budgets and get credit scores.

http://newssun.suntimes.com/news/125478 ... esson.html

[BDKJMU]

and the # of HS kids working is at a 20 yr low.
"....................In 1990, 32 percent of high school students held jobs, versus just 16 percent now................"
http://www.washingtontimes.com/news/201 ... hits-20-y/" onclick="window.open(this.href);return false;

[Gil Dobie]

"Thanks, Mr. Reagan. I've trickled down to this."

Unknown to the Cap'n, that is a union job that pays 6 figures with full benefits.

.........and due to a new congressional rule, it was legislated not safe for him to work on the family farm past the age of 65.

[kalm]

"Thanks, Mr. Reagan. I've trickled down to this."

Unknown to the Cap'n, that is a union job that pays 6 figures with full benefits.

.........and due to a new congressional rule, it was legislated not safe for him to work on the family farm past the age of 65.

[blueballs]

Meh... I have no intention of retiring unless health reasons force me to which given my current and past state of health ain't happening any time soon.

WTF am I going to do??? Fish, golf, and sit around waiting to die??? No thanks!!! A man needs a purpose in life, a reason to get up and go every morning and a certain amount of stress and lots of mental engagement is good for the body, mind, and soul.

[CID1990]

WTF am I going to do??? Fish, golf, and sit around waiting to die??? No thanks!!! A man needs a purpose in life, a reason to get up and go every morning and a certain amount of stress and lots of mental engagement is good for the body, mind, and soul.

Get yourself a 25 year old Thai "wife" and you'll change yer tune.


Also Sodomy

[Cap'n Cat]

Meh... I have no intention of retiring unless health reasons force me to which given my current and past state of health ain't happening any time soon.

WTF am I going to do??? Fish, golf, and sit around waiting to die??? No thanks!!! A man needs a purpose in life, a reason to get up and go every morning and a certain amount of stress and lots of mental engagement is good for the body, mind, and soul.

Man, I don't know, P. With a hottie little wife like Mrs. bluebells, I could think of a lot of shit to do when I retire. Having met her and seen her, she has monumental potential to be holding on to that hotness well into her 80's.

[Ivytalk]

I very much doubt that I'll still be practicing law at age 65. I've achieved just about everything I aimed for in my profession except a judgeship, and I gave that my best shot. What's left? Mo' money? Screw that. My parents died young, and I want to have more time to spend with Mrs. ivy, the kids, maybe grandkids, and you fuckers here on CS.com!

[Grizalltheway]

I very much doubt that I'll still be practicing law at age 65. I've achieved just about everything I aimed for in my profession except a judgeship, and I gave that my best shot. What's left? Mo' money? Screw that. My parents died young, and I want to have more time to spend with Mrs. ivy, the kids, maybe grandkids, and you fuckers here on CS.com!

I'da voted for ya.

[Ivytalk]

I very much doubt that I'll still be practicing law at age 65. I've achieved just about everything I aimed for in my profession except a judgeship, and I gave that my best shot. What's left? Mo' money? Screw that. My parents died young, and I want to have more time to spend with Mrs. ivy, the kids, maybe grandkids, and you **** here on CS.com!

I'da voted for ya.

Thanks, GATW! And I'd be proud to have a grandson like you.

Except for the UM part! actually, I have close family connections to your alma mater.

[Cap'n Cat]

I'da voted for ya.

Thanks, GATW! And I'd be proud to have a grandson like you.

Except for the UM part!

That "incident" at the Girls School For The Blind kinda came back to haunt ya, huh?