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Boomers Greed. 72% would rather spend their money than leave an inheritance.
Topic Started: 19 Sep 2014, 05:55 PM (7,151 Views)
skamy
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ThePauk
24 Sep 2014, 10:42 AM
You stated that the aged cost more than the youth.

I asked you to prove it instead you referenced this plot

Posted Image

If you put income support and education together and combine that with the large health costs of birth and the first years of life your plot proves you wrong Pauk. Even if you use those figures projected for 35 years into the future your claim still does not not add up.
If you read the report the large increase in health spending is only partly due to aging it is also due to technological advances and expectations of higher levels of care.
Quote:
 
Why are health costs rising?

Received wisdom is that rising health costs are all about demographic change, but this is not true. Together, population growth and the ageing population structure accounted for only a quarter of government expenditure growth above CPI since 2002-2003. A further 5% of the growth comes from health inflation growing faster than CPI. The rest of the increase is due to people of all ages getting more and more expensive services per person.
Posted Image


http://theconversation.com/tough-choices-how-to-rein-in-australias-rising-health-bill-13658

Maybe you should read a little less from financial services magazines and a little more from more reputable sources.

I can find no evidence to back up your claim that the aged cost more than the youth. In fact it would appear that the opposite is true, the youth have high early year health costs and high health costs during the child bearing years. They claim more in benefits than the aged and they incur education costs. Also mid life people are accessing a much wider range of health resources than they did a decade ago.

How about you actually produce some facts to back up your claim?
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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ThePauk
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Scabby
Not interested in your 'if we put x with y' scenarios.

http://theconversation.com/australian-governments-face-a-decade-of-budget-deficits-13616


Posted Image
Edited by ThePauk, 24 Sep 2014, 12:18 PM.
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herbie
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ThePauk
24 Sep 2014, 12:05 PM
Paying a full or part pension to multi-millionaires is wrong and must stop.
That is your opinion.

But the more I see it discussed, the more my opinion becomes the polar opposite.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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herbie
24 Sep 2014, 12:25 PM
That is your opinion.

But the more I see it discussed, the more my opinion becomes the polar opposite.
Noted. Herbs and I am sure many will feel the same. Not so sure about the working taxpayers however...
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skamy
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ThePauk
24 Sep 2014, 12:14 PM
Scabby
Not interested in your 'if we put x with y' scenarios.

http://theconversation.com/australian-governments-face-a-decade-of-budget-deficits-13616


Posted Image
Posted Image


These are the graphs in your link

Where did you get the graphs you showed ? Macrobusiness? and where did they get them ? They are not saying are they?
http://www.macrobusiness.com.au/2014/01/worsening-budget-needs-more-than-nip-and-tuck/

Playing games again Pauk? why did you post images that were not related to your source? Were you ashamed because they came from the macrobusiness blog site which is totally a doom and gloom selling mechanism?
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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ThePauk
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Scabby
I see you are also part of the 'bash MB' club. I think it was you that posted your saving image with no source, was it not?
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peter fraser
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ThePauk
24 Sep 2014, 02:30 PM
Scabby
I see you are also part of the 'bash MB' club. I think it was you that posted your saving image with no source, was it not?
Her forum name is "Skamy"
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
24 Sep 2014, 02:54 PM
Her forum name is "Skamy"
lol, so skamy is better than scabby?
Who made you the forum police Peter?
Will you also object when people refer to me as Pork? No, I guess not...
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Jock
Unregistered

doubleview
19 Sep 2014, 07:16 PM
Quick question - which is the bigger problem; the boomers refusing to retire or the boomers leaving the workforce?
Refusing to reitire? most cant afford it, many have to keep working till they are 67, a great many have not paid off their mortgages on account of never earning much or handing out money to their kids. A whole lot more are forced out of work long before official retirement and then spend the last 10years or more of their working life on the dole as a bludger (official term for such a person)
I think you are talking about maybe the highest paid 5%-10% of workers, like some public servants and of course banker wankers. Not the majority. Boomers do not have it good on the whole, what ever money they planned for in retirment is only worth 1/3 of what it would have bought 15 years ago or so, hence the dire need to keep working. :mad:
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skamy
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ThePauk
24 Sep 2014, 03:25 PM
lol, so skamy is better than scabby?
Who made you the forum police Peter?
Will you also object when people refer to me as Pork? No, I guess not...
It is better than your pretentious moniker "THE" Pauk - I heard it was supposed to be THEPAUL - bit of grandiosity there for sure.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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