Peter, the study clearly state the ssurvey is of retiress, not working boomers. Boy, you really like digging a hole for yourself.
Utter crap
Lets read it again
Life after work?
The latest report, Life after work?, is the ninth in the series and represents the views of more than 16,000 people in 15 countries taken between July 2012 and April 2013.
This report* compares the experience of recent retirees with the expectations of those still working, revealing some important lessons for future retirees. It explores the transition into retirement, the pattern of income, spending and saving in retirement, leaving a legacy and how retirement hopes and aspirations match up to the reality. It also suggests actions that may help people to plan a better financial future.
Oh really!!! Why would they be out there surveying 85 year olds - they are surveying their clients who are about to retire or who have just retired. I would expect the demographic to be almost entirely boomers.
That's the target market for their financial services.
From the report:-
The Boomers started retiring in 2011 - the recent retirees in 2013 are largely NOT the previous generation.
The study you are referring to is from 2012 Peter! You fail again.
The report was written by Cicero Group. The research surveyed 16,000 people in 15 countries: Australia, Brazil, Canada, China, Egypt, France, Hong Kong, India, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States. The findings are based on a representative online sample, covering people of working age (25 and over) and those in retirement. The survey was conducted between July 2012 and April 2013. More than 125,000 people have been surveyed since The Future of Retirement began in 2005.
Any expressed market opinion is my own and is not to be taken as financial advice
The report was written by Cicero Group. The research surveyed 16,000 people in 15 countries: Australia, Brazil, Canada, China, Egypt, France, Hong Kong, India, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States. The findings are based on a representative online sample, covering people of working age (25 and over) and those in retirement. The survey was conducted between July 2012 and April 2013. More than 125,000 people have been surveyed since The Future of Retirement began in 2005.
Noted. My bad, however that would still only be 1 year of boomers in retirement and you want me to assume that means all boomers. Nope....I have already provided the local data for the actual boomer attitudes. Accept it or reject it and it is clear you prefer to reject it based on your anedotal knowledge and a study of only 1000 retiress in OZ...lol
A Lurker
22 Sep 2014, 01:37 PM
All boomers I know want to leave something for their children. I think that the whole SKIN thing is just a marketing ploy by mobile home and grab-a-granny cruise vendors. I'm sure a particular type is attracted to it, maybe you are one of those?
Are you saying that anyone with over $500k in a PPOR at retirement is above middle class? You must live in a small back-water where house prices are cheap.
VG amount, not market value. The VG amount does not include the house. Doh!
Noted. My bad, however that would still only be 1 year of boomers in retirement and you want me to assume that means all boomers. Nope....I have already provided the local data for the actual boomer attitudes. Accept it ot reject it and it is clear you prefer to reject it based on your anedotal knowledge. VG amount, not market value. The VG amount does not include the house. Doh!
Oh I see - the boomers who retired in 2011, 2012, and 2013 are NICE boomers and the rest are BAD boomers.
Is that the story?
Mate you're hanging from the empire state building hanging onto a thread. It's a long way down from here. Do yourself a favour and accept that your quest is just a silly folly and stop posting hundreds of granny bashing threads.
Any expressed market opinion is my own and is not to be taken as financial advice
I said they should remain in-place and take advantage of the PLS.
They'd be pretty thick to do that. Way more sensible (seeing they/the family are going to lose the loot anyway) to downgrade to a home the Socialists deem acceptable and piss the surplus cash (that would keep them from getting the pension anyway) up against the wall overseas where they'll get best value for their buck, then hold their hand out for the full pension back in Oz. It's just not rocket science. And in the process, entry level housing is subjected to increased demand so prices increase even more. And the kids miss out on any inheritance. Socialism in action - You haven't got to be bright to figure out why it doesn't work.
Oh I see - the boomers who retired in 2011, 2012, and 2013 are NICE boomers and the rest are BAD boomers.
Is that the story?
Mate you're hanging from the empire state building hanging onto a thread. It's a long way down from here. Do yourself a favour and accept that your quest is just a silly folly and stop posting hundreds of granny bashing threads.
No Peter, you are the one claiming that 1000 responses are all from the retired boomers, not me...lol 1000 responses, what a crock of shit....
herbie
22 Sep 2014, 01:56 PM
They'd be pretty thick to do that. Way more sensible (seeing they are going to lose the loot anyway) to downgrade to a home the Socialists deem acceptable and piss the surplus cash that would keep them from getting the pension anyway, up against the wall overseas where they'll get best value for their buck, then hold their hand out for the full pension back in Oz. It's just not rocket science.
Herbs People will always want to abuse any system, like our current one where many people use their lumpo sum super to pay off the mortgage and then go on the full pension.
VG amount, not market value. The VG amount does not include the house. Doh!
Still a stupid idea. Probably more stupid as VG is going to be affected by proximity to beaches, land size etc and accordingly disadvantages people who bought for lifestyle reasons and stayed for a long time regardless of the standard of the accommodation.
Anyway, as mentioned by others there is zero chance of this ever happening in Australia. 70% of people (voters) are owners and that percentage is higher for politicians.
People will always want to abuse any system, like our current one where many people use their lumpo sum super to pay off the mortgage and then go on the full pension.
These things are not abuses. They are the rational responses of sensible, logical people.
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
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