Seniors and the generation spending gap
- Thread starter SLM
- Start date
Umm, yes, your generation is in far worse shape than mine.
Health - Obesity / Indicators of Well-being in Canada
A classic example of how statistics don't tell the real story.
Everything comes with a cost. Nothing in this world is free.
is this a euphanism? If not, just make sure they like to bake and cook. Then you're stylin'
I can certainly wait but there is no doubt that some economic boom times are ahead
Don't be silly. The stats prove you wrong. The grown up thing to do is admit you erred.
Shake and bake baby!!!
So why didn't you put money into RRSPs while you were working like the rest of us? Can't be a freeloader all your life.
I was 33 in 1980 when I was run over by a logging truck. Did I choose to spend the rest of my life racked in pain? Do you think it is fun to live with severe brain trauma? Do you think it was fun not being able to sleep for more than an hour at a time for years? Even now I can't sleep for more than 4 hours at a time. Where was I going to get extra money to invest in RRSPs? Walk in someone else's shoes before you go blowing smoke out yer a$$ at them.
Some are and the majority are not like any other generation. Besides they
paid into a system that promised a return from the government. Government
pension were mandatory and the government collected the money and spent
it. Now its time to pay up. You called them entitlements seniors call it the
return on investment. I would not concede one dime. I don't care what label
is put on them or if I can or cannot live without them, the money was earmarked
for these programs and its time government paid up.
paid into a system that promised a return from the government. Government
pension were mandatory and the government collected the money and spent
it. Now its time to pay up. You called them entitlements seniors call it the
return on investment. I would not concede one dime. I don't care what label
is put on them or if I can or cannot live without them, the money was earmarked
for these programs and its time government paid up.
Erred about what? -
W.T.F. would you know about "grown up"?There is a few trains of thought about R.R.S.P.s. I put money into them and did OK, but I'm not very savvy about investing. Those who are say there are better ways.
Umm, yes, your generation is in far worse shape than mine.
Health - Obesity / Indicators of Well-being in Canada
Actually Ton, listening to the modern day experts, those graphs don't tell the complete story. For younger people overweight and obese aren't good things, but I've been told the important thing for us old codgers is being in good physical condition cardio vascular wise more so than B.M.I. In simple terms an extra 20 lbs. is good in case you do become seriously ill.
The biggest difference is the younger generations want everything right now.
They buy into credit without figuring out how much it really costs. Credit cards
and easy loans ending in the endless cycle of payday loans. Inflation is the
cause all that borrowed money circulating without being earned yet.
When I was a kid we had real money yes a pop cost ten cents but a dime was
worth a dime sort of thing.
Not blaming younger folks either, but the people who hold the keys to the food
locker are responsible.
They buy into credit without figuring out how much it really costs. Credit cards
and easy loans ending in the endless cycle of payday loans. Inflation is the
cause all that borrowed money circulating without being earned yet.
When I was a kid we had real money yes a pop cost ten cents but a dime was
worth a dime sort of thing.
Not blaming younger folks either, but the people who hold the keys to the food
locker are responsible.
You've hit the nail on the head, Grumpy. I just wish these friggin' criminals who run these pay day loan joints were charged and locked up - throw them in a bunker with the drug pushers!
LolzErred about what? -
I'm sure you can provide a link showing which experts are saying being 20 lbs overweight is a good thing.
They learned it from their parents. The only difference is that their parents used the government to buy now and pay later....well actually, when you deficit finance in government, you don't actually have to pay later, you kids and grand kids have to pay later.
Perhaps I was wrong
Lolz
WIN - Do You Know Some of the Health Risks of Being Overweight?
I might consider seeing a different doctor if I were you JLM
BMI isn't everything. Body type is important as well. Also depends on how much is muscle and how much is fat.
I don't think you of all people should be giving tips on what is and isn't healthy but in any event, perhaps you could help JLM find a link supporting his claim that being 20 lbs overweight is a good thing.
Yeah, the article kinda paints the issue with a broad brush. Besides, how do you define wealth? At what point are you considered "wealthy".
My parents are "comfortable" and have to track their expenses carefully, but they're certainly not "wealthy". Their CPP isn't much since it came into being in the 60's and they didn't have as much time to contribute as we do now. Often times, when a spouse passes away, the loss of that income can have a major bearing on the lifestyle of the survivor, that's for sure.
I'm thinking that the article should have said.....Canadians are wealthier now than ever in history, because even those with low incomes are better off than anyone in any 3rd world country with the supports we have. I believe that would have been a better reflection of reality in Canada instead of pitting one segment of society over another.
JMHO
We all will get older.
My parents are "comfortable" and have to track their expenses carefully, but they're certainly not "wealthy". Their CPP isn't much since it came into being in the 60's and they didn't have as much time to contribute as we do now. Often times, when a spouse passes away, the loss of that income can have a major bearing on the lifestyle of the survivor, that's for sure.
I'm thinking that the article should have said.....Canadians are wealthier now than ever in history, because even those with low incomes are better off than anyone in any 3rd world country with the supports we have. I believe that would have been a better reflection of reality in Canada instead of pitting one segment of society over another.
JMHO
We all will get older.
