Will You Be Better Off Than Your Parents?

Comments

1
Barring disaster or financial calamity, I will certainly be better off than my parents. At 27, I already make more than my parents combined and equal or exceed them in assets.
2
Can we discuss raising the retirement age yet? It is now common for people to spend more time on social security and drawing a pension than they ever spent actually working.
3
I once went from making about $25/hour to making $9/hour.....i had to drop the Belgians and start drinking PBR, for one. "Goodbye Domaine Drouhin, hello Yellow Tail."

Good thing my parents are hard-working, financially-prudent folks -- i stand to make a good amount of money when they finally kick off.

And that'll happen not a moment too soon: By then, (assuming my plan to win the lottery hasn't panned out in the interim), i'm sure i'll be unemployed, in bad health, (more) worthless, a father to 4 (5?!) illegitimate children, and addicted to fauxcaine and fried chicken legs. I can't wait.

I love you, Mom & Pop. Don't worry -- i can hold out as long as you can -- no need to rush. (This Yellow Tail ain't so bad, despite the insulting marketing scheme.)
4
Places like Britain have already raised the retirement age. The two problems with it are:
A) there aren't enough jobs to go round already, without making the workforce bigger.
B) the elderly vote in bigger numbers that the young, and have more money to donate to / bribe politicians, so congress will never vote for it.
5
Can we take a moment to talk about steady state economy?
Because believe it or not, economies, consumption, mcmansions, etc. cannot grow forever, despite what capitalists everywhere would have you believe.