The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (90371)	9/24/2007 9:02:00 PM
From: Lizzie Tudor	Read Replies (1) of 306849

At 84 he can still wipe the floor clean of 30-somethings I hear this all the time. there are some cases where it is true, but statistics don't bear out this myth. The fact is, this generation of retirees is for the most part representing people whose peak working years were the 60s and 70s. Those were cushy, 9-5 workweeks with one spouse working and American factories that started out as the most efficient in the world (1960) but by 1980 were the most lethargic in the world, littered with union policies and an "entitlement mentality". Just the facts. Starting with the 80s, American workweeks went UP, WAY UP, efficiency improved, companies more efficient yada yada yada. At the same time, the quality of life that had improved consistently up until 1980 started to decline as things like home ownership that seemed a god given right started to drift away. This generation of retirees is full of a bunch of self important whiners if you ask me.

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