CaP'N GRuNGe Posted March 31, 2010 Share Posted March 31, 2010 It's all your fault. Quote Link to comment Share on other sites More sharing options...
westvirginia Posted March 31, 2010 Share Posted March 31, 2010 Of course it is. Take ursa, for example... Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted March 31, 2010 Share Posted March 31, 2010 That was an interesting article. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 31, 2010 Share Posted March 31, 2010 Of course it is. Take ursa, for example... Except I never went crazy on credit. Way too broad a brush used in that article. Also, we keep hearing about Japan "not growing for two decades".......so what? What really are the ramifications of an economy that doesn't grow but does sustain? Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted March 31, 2010 Author Share Posted March 31, 2010 If the GDP stays stagnant, but the population grows, we've got big problems. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 31, 2010 Share Posted March 31, 2010 If the GDP stays stagnant, but the population grows, we've got big problems. Sure but if the two are aligned, what's the problem? I am hoping wiegie will respond to this question. Quote Link to comment Share on other sites More sharing options...
westvirginia Posted March 31, 2010 Share Posted March 31, 2010 Except I never went crazy on credit. Way too broad a brush used in that article. Also, we keep hearing about Japan "not growing for two decades".......so what? What really are the ramifications of an economy that doesn't grow but does sustain? That was more about ragging on you than blaming. :duckscane: Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted March 31, 2010 Share Posted March 31, 2010 There is probably some truth to that, but plent of exceptions too. My folks beling to that age group and are very fiscally responsible. I would argue that the 'Boomer's kids abuse credit at a far higher rate than their parents. And the next generation is even worse. I read recently that the average college grad leaves school with almost $5k in consumer debt. I am profoundly happy to say that my wife and I are finally free of cc debt. A modest mortgage and modest car loans (only for a while longer) is all we'll ever have. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 31, 2010 Share Posted March 31, 2010 That was more about ragging on you than blaming. :duckscane: Yeah, I know, but it's true that a very significant number of the baby boomers will likely have no need of social security. Of course, the fact that it's set up in such a way that those same boomers that don't need it would be idiots not to use it is neither here nor there. Quote Link to comment Share on other sites More sharing options...
Chargerz Posted March 31, 2010 Share Posted March 31, 2010 When I retire I'll be doing everything I can to encourage a bear market. Quote Link to comment Share on other sites More sharing options...
Brentastic Posted April 1, 2010 Share Posted April 1, 2010 Am I the only person who sees this article or this 'age wave theory' (not to be confused with my EWT, of course) as flawed? First of all, the 2 largest 'bulges' aren't even baby boomers, they are people entering the prime of their careers. Secondly, the entire age range underneath the mean is pretty constant and should make the transition hardly noticeable. The baby boomer retirees will have little effect on the market or economy, IMO. What a whack ass article. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted April 1, 2010 Author Share Posted April 1, 2010 Well, for one thing, if you look closely at the chart it's from 2000 so you need to adjust the age ranges by 10 years... Quote Link to comment Share on other sites More sharing options...
millerx Posted April 2, 2010 Share Posted April 2, 2010 We always hear in politics " look at the debt you are leaving to your kids and grandkids" or "look at the shape you will be leaving the country in"... I think those following the boomers are in the process of finding out just how little they do care and how much it will be about "I got mine". Not blaming the thought process of the boomers retiring, just don't piss on me and tell me it's only a little rain. Quote Link to comment Share on other sites More sharing options...
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