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more seniors going bankrupt

Discussion in 'The War Room' started by sabretruth, Aug 6, 2018.

  1. sabretruth Gold Belt

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  2. Highmanproblems Silver Belt Platinum Member

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  3. Casrot Purple Belt

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    Hand out more bootstraps <{imoyeah}>.
     
  4. superpunch Gold Belt

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    nm
     
    Last edited: Aug 7, 2018
  5. Son of Jamin Make MMA Great Again

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    Sounds like a great time to invest in companies that are producing pet food!

    [​IMG]
     
  6. M3t4tr0n Double Yellow Card Double Yellow Card

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    Have them do gladiator type fights to the death. Survivors get free hip replacements and retirement funds.
    [​IMG]
     
  7. WhitebeltXL Black Belt

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    I think Bellator already have the 'pensioner fights' market locked down tight.
     
  8. kpt018 Gold Belt

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    My right wing friends tell me we should eliminate social security because taxes are immoral or MAGA or some shit.

    My right wing friends will also not like to hear the straightforward solution, give them money and/or benefits. That’s it. They’re old, they’re not reentering the work force and if we care about this problem we have to just give them money.
     
  9. Hognoxious Green Belt

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    Nothing should be done other than they need to save more money. No one wants to take personal responsibility. No one wants to hear this, but retiring is not a right.
     
  10. Fluffernutter Silver Belt

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    I have assumed for a while that I won't retire. I'll just work until I die.
     
  11. Roaming East Ficti pravique tenax

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    Fuck em. Boomers spent their whole lives voting for the measures that are now fucking them in the ass.
     
  12. kpt018 Gold Belt

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    If they're old it's too late. This is Monday morning quarterback stuff and not helpful.

    Just come out and say what you really want to say "they didn't save enough so fuck em, not my problem".
     
  13. kpt018 Gold Belt

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    This is honest and true, at least. I do feel for older folks that don't vote this way or who just had bad luck (stagnant wages, bad market hurts retirement savings, etc.) but this is a real take.
     
  14. Falsedawn Your favorite poster's favorite poster Platinum Member

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    Where are the churches and charities that are suposed to be able to fill the gap when social services get cut?

    Are you telling me right wingers...lied?

    <TheWire1><Dylan>
     
  15. panamaican Senior Moderator Staff Member Senior Moderator

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    It's an unfortunate situation that's got a lot of factors built in. The change in how we structure extended families sits at the top of that heap. The end of pensions follows closely behind it. The decline in SS value comes shorty after that. There are more factors of course, rising medical costs, longer lifespans, too much debt during their earning years depressing the cumulative value of their savings, etc.

    My personal issue is the false belief that home equity matters when discussing net worth. Which leads to people having a really misplaced sense of confidence regarding their true financial standing.

    It sucks but there likely isn't much of a short term solution out there.
     
  16. ralphc1 Steel Belt Platinum Member

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    Many of us are doing well but there are those who didn't plan well who aren't. Many spent every cent they made and borrowed for many purchases. I know several people whose homes and cars weren't be paid off by the time they retired and they had to get jobs. Some are being dragged down by their children who can't pay their bills and have their children and grandchildren living with them off of their SS and pension. People living longer is also a big problem as they aren't able to live by themselves and it costs $6,000 and up for assisted living. I know some who had businesses and charged everything against the business to pay less in taxes. Now they are finding out that they will only get the minimum Social Security benefit.
     
  17. Farmer Br0wn Farmer Br0wn belt

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    <DontBelieve1>
     
  18. kpt018 Gold Belt

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    What don't you believe bud?
     
  19. BangersAndSmash Purple Belt

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    Aw, someone beat me to it. Oh well, fuck it.

    [​IMG]
    Two heart attack survivors in that picture (and one who didn't RIP Kimbo). Bellator already doin' it.
     
  20. Farmer Br0wn Farmer Br0wn belt

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    That you have any friends

    <{MingNope}>

    (jk)
     

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