What a pile of dribble.... More boomers are going into retirment in debt that any previous generation. Boomers have a changed attitude about inheritance. Boomers have directly contributed to unaffordable housing for our young and high youth UE through their political management Boomers will leave less in real terms than any generation before them or after them. I do not want to evict any old people, that is just pure trolling.
Your delusions must match your age. Says he that claims the 1000 retirees surveyed were all boomers....lol It is my 'my' agenda. That is simply continuing the personal trolling. I support the policy as determined. The young have no right at all to the welath of any older generations, however they also have the right not to pay taxes so millionaires can calim a pension.
Firstly that is a 2012 post commenting on the effects of the GFC on retirement savings. These losses are recovering yet you fail to point that out.
Secondly, they claim a tiny proportion of boomers are not planning to take care of themselves and rely on the government.
Quote:
Almost 23% of Baby Boomers think that, other than themselves, the government is responsible for ensuring they have a financially comfortable retirement.
This is probably the same group of losers who exist in any generation, who sit around all their working lives waiting for something for nothing eg the opportunity to get a cheap home on the back of dire circumstances for others.
Thirdly, they are selling financial products yet you completely failed to point out the clear vested interest in worrying boomers to save more.
Quote:
About AdviserVoice The mission of AdviserVoice is to act as a thought leadership conduit for financial advisers. AdviserVoice was founded to facilitate an efficient, convenient community of learning and professionalism within the financial advice sector. We publish deep technical information and thought leadership content for the benefit of all financial advisers.
You accuse others of debt peddling, yet happily engage in promoting scare tactic opinion pieces by those who promote financial products that are, in the main, much less reliable than property for long term secure financial investment.
Are you too selling endowments to older people?
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.
Firstly that is a 2012 post commenting on the effects of the GFC on retirement savings. These losses are recovering yet you fail to point that out.
Secondly, they claim a tiny proportion of boomers are not planning to take care of themselves and rely on the government.
This is probably the same group of losers who exist in any generation, who sit around all their working lives waiting for something for nothing eg the opportunity to get a cheap home on the back of dire circumstances for others.
Thirdly, they are selling financial products yet you completely failed to point out the clear vested interest in worrying boomers to save more.
You accuse others of debt peddling, yet happily engage in promoting scare tactic opinion pieces by those who promote financial products that are, in the main, much less reliable than property for long term secure financial investment.
Firstly that is a 2012 post commenting on the effects of the GFC on retirement savings. These losses are recovering yet you fail to point that out.
Secondly, they claim a tiny proportion of boomers are not planning to take care of themselves and rely on the government.
This is probably the same group of losers who exist in any generation, who sit around all their working lives waiting for something for nothing eg the opportunity to get a cheap home on the back of dire circumstances for others.
Thirdly, they are selling financial products yet you completely failed to point out the clear vested interest in worrying boomers to save more.
You accuse others of debt peddling, yet happily engage in promoting scare tactic opinion pieces by those who promote financial products that are, in the main, much less reliable than property for long term secure financial investment.
Are you too selling endowments to older people?
23% is not a tiny amount. Lets not just take one example. Perhaps digest and comment on the other links. I sell apps.
You still need a hanky for your dribble.
Black Panther
22 Sep 2014, 11:00 PM
Just Shameful. Shameful.
So you have finished your wanking and decided to join a conversation with what exactly?
23% is not a tiny amount. Lets not just take one example. Perhaps digest and comment on the other links. I sell apps.
You still need a hanky for your dribble. So you have finished your wanking and decided to join a conversation with what exactly?
Apps for financial advisers and their products, if your posts here selling fear to older people are anything to go by.
Here are some of your messages to older people.
"Think of the children and save save save" " Forget a comfortable retirement save save save for the children 's inheritance" " Forget the trip volunteering around Australia, work a few more years and save save save"
Then you send them to a financial advisory site with just the product they need for all that savings.
Screams vested interest to me.
You accuse my generation of not doing enough for others and the truth is my generation have looked after their elderly and financially supported their young much better and for much longer than previous generations. Maybe Gen X will improve on this maybe they won't.
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.
You have nothing but insults Paul, that says a lot.
Did I hit the mark? Are you selling financial products?
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.
Read the hole thread Hebs. I have provided the links. In fact it was taken from the links that Peter provided and then stupidly argued that the 1000 responses would have been from the boomers, when the vast majority of boomers have not even retired yet.
Paul it's a 2013 survey of RECENT retirees - ie people who retired over the last couple of years. That would be predominantly boomers if not all boomers who started retiring in 2011. It may also contain a few from the previous generation who are retiring late and a few younger boomers retiring early.
Compared to your extremely loose interpretations of data that one is almost gold plated.
Any expressed market opinion is my own and is not to be taken as financial advice
Baby boomer parents may be four times as wealthy as their kids, but no one should assume that their wealth will be passed on.
Survey results show one in five members of Generation Y – aged between 25 and 34 – expect to be left enough money to afford their own home or retire. After all, it is the boomer household, those born between 1946 and 1964, that has a net worth more than four times that of the average Gen Y household – about $1 million.
The reality is, at best, that younger generations may receive the proceeds from the sale of the family home. Even that may have to be shared among several siblings.
Anything could happen if there are blended families or grandchildren involved, with some older generations preferring to skip a generation and pass everything onto the grand-kids.
National Centre for Social and Economic Modelling researcher Marcia Keegan says that, contrary to popular belief, only a minority of boomer households own shares or investment properties that could be passed on.
Many have superannuation balances and own their own home, but longevity and more active lifestyles mean much of their retirement savings will be spent.
“Most boomer households do not have large enough super balances that their offspring can rely on some being left over to support them when their parents die,” Keegan says.
In the past, where there have been inheritances – these tend to come to just over 1 per cent of people aged over 15 – they have not been the windfall many have expected.
According to Melbourne Institute’s Household, Income and Labour Dynamics in Australia (HILDA) Survey, the mean inheritance peaked at $109,285 in 2006, up from $50,861 in 2002. In 2010, 1.22 per cent of people aged over 15 received an inheritance with a mean value of $87,672.
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