Today is notable for couple of things……first it is International Coffee Day and I celebrate it fully. Second today is Pres. Jimmy Carter’s birthday, 95…still works building homes for the poor, teaches Sunday school every Sunday….happy day and hope for many more.
Now we move onto more stuff…….
We all look forward to retirement…..a time when we can stop and enjoy the things around us….but for some that may not be possible.
Many Millennials do not think that they will live long enough to actually retire……
When will you retire? Will it be at the “full retirement age” of 66? Perhaps you’ll be able to retire early, at the age of 55.
Unfortunately, most millennials think they’ll be working until they die. On Twitter, the hashtag “#MillennialRetirementPlans” recently started trending, prompting a flurry of 20- and 30-somethings to proclaim their outlook on retirement. Needless to say, the results were depressing.
“Why is this on trending? We all know we’ll never be able to retire,” one person tweeted.
“Most of us will die early from the lack of a universal health care system,” another tweet stated. “The rest of us will never be able to retire from working our multiple jobs to pay off our massive student debt in an economy where wages have not kept up with inflation.”
Very few tweets show millennials with concrete retirement plans, like contributing to an employer sponsored plan like a 401(k), or an individual retirement account (IRA).
They may have a point.
Every time they ‘reform’ the Social Security system they raise the retirement age…..it was 62 now I believe it is 65 and there is talk about raising it to 70 ,,,,they say because we are all living longer….which I think is total crap.
If Millennials do not look froward to the ease of retirement then what do they have to look forward?
“Lego Ergo Scribo”
Lots of talk these days about an approaching recession….the markets yo-yo sessions….up one day down the next 2….just feeds this predictions.
Do you remember the crash of 2008?
The markets bottomed out and billions of wealth was lost….especially the Baby Boomers…their savings was wiped out for the most part.
I bring this up because if and when we have another recession the group that will be destroyed monetarily are Millennials….
Most are already have massive debt and an recession would wipe out any economic progress they have made……
The trade war is dragging on. The yield curve is inverting. Investors are fleeing to safety. Global growth is slowing. The stock market is dipping. The Millennials are screwed.
Recessions are never good for anyone. A sputtering economy means miserable financial, emotional, and physical-health consequences for everyone from infants to retirees. But the next one—if it happens, when it starts happening—stands to hit this much-maligned generation particularly hard. For adults between the ages of 22 and 38, after all, the last recession never really ended.
Millennials got bodied in the downturn, have struggled in the recovery, and are now left more vulnerable than other, older age cohorts. As they pitch toward middle age, they are failing to make it to the middle class, and are likely to be the first generation in modern economic history to end up worse off than their parents. The next downturn might make sure of it, stalling their careers and sucking away their wages right as the Millennials enter their prime earning years.
This group will suffer more problems than the “Boomers” did…..they cannot prepare for this possibility if there is no savings to help lessen any blow from a recession.
Poverty will increase and bankruptcies will increase and financial ruin will be the only option for many.
“Lego Ergo Scribo”
There is polls on everything including a poll on polls…..so to say that the country is leaning one way or the other is just silly and all it does is add to the confusion of the voter.
Like a poll I saw the other day…..
President Trump has crossed the critical 50% approval line needed to win reelection as millennials and independents are moving to embrace him, according to a new survey.
The latest Zogby Poll put Trump’s approval rating at 51%, his highest ever in the trademarked survey.
Zogby Analytics pollster Jonathan Zogby said that the president is riding a booming economy and could be hard to beat should the nation’s economic health continue to improve.
His survey found that several groups that had been leaning against Trump were starting to favor him in large part because they have growing confidence in the economy and Trump’s handling of it. Notably millennials and independents have turned in his direction.
These are same voters that the MSM tells us as late as last week that were leaning toward Bernie…..
But beyond all this……I want to ask these voters …..what economy?
Higher prices for consumer goods…low wages….inequality in income……loan debt…..where is the booming economy? Or better yet….for whom is it booming?
Besides how can anyone be a supporter of a person that lies with ease…has more excuses than hairs on his head….(without toupee)…..he and his entourage are expanding and possibly started a war…….I do not understand……economy is not booming (The U.S. has the lowest median wealth (as a percentage of average wealth) in the developed world.) and society sucks….what is there to like about this booming economy?
I begin my Saturday with a question……
Millennials like to call themselves “hipsters”….those non-conformists that pride themselves on the individuality……but there is a problem I have with this claim……
Ever notice that the hipsters all wear the same jeans, sneakers and that damn wool ‘watch cap”…..and yet they think they are non-conformists…….they dress a like, like the same music, eat the same food, drink the same types of beer…..now what part of that is non-conformists?
Can they explain this?
Can math do the trick?
The skinny jeans, the progressive politics, the Instagram photos: Hipsters, like goths and punk rockers before them, have become a cliché. And we’ve all become more like them as well.
Now math has shown the reason why. A new mathematical model shows that our collective strivings for individuality end up accomplishing the opposite, even if we’re aiming toward different points of “weird.”
It’s just math, says, Paul Smaldino in a paper just published in the journal Royal Society Open Science. Smaldino created a model of how human behavior adds up into collective conformity, precisely because we want to be individuals. Yet the takeaways contain a morsel of hope for how radical individuals can still change the broader society.
Now at least us Boomers were truly individuals or should I say non-conformists……but as we got older we slid into the abyss of conformity……well some of us kept the faith and remained on the outside looking in….
For months upon months we have been bombarded with election stuff…..predictions and speculation will not stop until the votes are counted…..
There is one group in this election that all pundits are concerned with that they may not go to the polls…..and they just cannot understand why Millennials would not vote.
But why would they not want to be part of the process? The same reason that many do not want to be part of the process. The process is broken and money plays too big in elections…..but the Millennials are a group, a generation. that could well make a difference…..
In what people are calling — accurately, in my opinion — the most important American midterm election in our lifetimes, there’s been a lot of things we’ve never seen before: like, for example. a president sending thousands of troops to the U.S. southern border or erasing the existence of more than a million transgender people, all to boost GOP voter turnout a point or two
And then there’s this: non-voter porn.
If you read the news, you know the kind of political smut I’m talking about. Full-frontal exposures of mostly attractive 20-somethings, revealing their often lame-sounding excuses why they’re joining the more than 60 percent of eligible Americans who typically don’t vote in midterm elections
We’re talking about 20-somethings who’ve never used the U.S. mail and are traumatized by the idea of finding a postage stamp for a registration form, or so don’t see how a small president in search of a balcony
is any different than any other politician.
Tomorrow will these voters go to the polls or will they stay home and let the old farts pick their leaders….and then they bitch…..
Shut up and go vote!
What happened to America?
In the 50’s and 60’s it was booming and had a bright positive future……now fast forward to today…..we cannot say that about this country now.
Some are blaming the Millennials, but is it truly their fault the demise of a ponce bright and prosperous country?
Everyone likes to bash millennials. We’re spoiled, entitled, and hopelessly glued to our smartphones. We demand participation trophies, can’t find jobs, and live with our parents until we’re 30. You know the punchlines by now.
But is the millennial hate justified? Have we dropped the generational baton, or was it a previous generation, the so-called baby boomers, who actually ruined everything?
That’s the argument Bruce Gibney makes in his book A Generation of Sociopaths: How the Baby Boomers Betrayed America. The boomers, according to Gibney, have committed “generational plunder,” pillaging the nation’s economy, repeatedly cutting their own taxes, financing two wars with deficits, ignoring climate change, presiding over the death of America’s manufacturing core, and leaving future generations to clean up the mess they created.
I gotta slide out of here….better things in the wind….see you guys tomorrow…..chuq
Ever since I have been writing there has been this deathly fear of the “s” word……to the point of obfuscation.
Now word has come out that should get all the old farts losing what little sleep they get……
On Wednesday, November 9, at 9:47 am, BuzzFeed News sent out a push notification: “Trump is leading a global nationalist wave. The liberal world order is nearly over and the age of populism is here.” This, from a publication better known for listicles than sweeping political pronouncements. If even BuzzFeed felt it necessary to ring the death knell for the “liberal world order,” then liberalism must be really, really dead.
But what, besides global nationalism, can replace it? The answer is clear if we look at the 2016 election from its inception. The race we should be remembering is not just Clinton versus Trump, but Sanders versus Clinton. For nearly a year, millions of Americans supported an avowed socialist, and many of those people were young—like me.
Source: Why Millennials Aren’t Afraid of Socialism | The Nation
Will this make a difference in upcoming elections?