SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (212715)12/5/2004 1:56:01 PM
From: combjelly  Read Replies (1) of 1573829
 
"Why is your generation so cynical?"

I can't speak for AmyJ, but the SS system has been in some form of crisis since I was in high school, and that was in the mid-70s. Every time there is some breathing room, something happens to take it away. And the most rational solutions are usually placed out of bounds, like means testing. So my retirement plans don't include SS. Heck, my plans don't even include retirement for the most part, although I contribute the max. I can into my 401(k) if available. Which is why I am going back to school when most of the students are less than half my age and even the profs. are younger than I am. As long as I can keep it up, that is what I am going to do.

I don't think it is cynical, especially now. Given the debt we are piling up, we are facing an inflation scenario of Weimar Republic proportions. Ain't no way that SS or savings will be able to keep up. We have our investments in the market and in our house, which is mostly paid off. We are considering moving into overseas investments to try to minimize the effects of inflation, but that decision is probably a year out.

And whether or not we can afford it, rest assured we are going to face even more debt. I don't remember any administration that isn't willing to even give the concept lip service...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News