Gen X will work longer than any generation before

Working past retirement age: for Generation X, putting the feet up seems a distant dream | Greg Jericho

Not sure if this is the correct section but thought it'd be an interesting read for many of us.

 

damn!

 

But they're also going to live longer.

Maybe Gen Y will live longer again (unless obesity & other factors reduce life expectancy).

 

great.

 

What a time to be alive. Thanks boomers.

 

Bloody advances in medical technology!!

 

Meh. My goal is to quit working (for a wage) in 10 years time at age 55. While I'm still young enough to be active. Won't be hitting the 100k minimum passive income goal like most on PC, but I'm ok with that. Just need to spend/reinvest wisely.

 

This is all well and fine. If I still feel able to work after 70 that's not a bad thing. What gets my goat, though is when they say that boomers are our parents. No - our parents are the generation before - whatever they're called. And our grandparents already had young children during the war etc. Would've been extremely young boomers to have gen X kids - some only 1 year old . *end rant*

 

Its heading back to how it was in the early 1900's

Edit: and will only get worse as these governments budget deficits get worse with the ageing population. Read an article about Americas problems - 2.5 workers per 1 retiree in the coming decades - not good for long term sustainability of the pension.

 

The builders came before boomers?

I'm X and my parents are boomers. But they were parents at 20.

Gen X having Gen Y kids, not so much. Not impossible. But I wasn't ready to be a parent at 20.

 

Possible I guess if everyone has kids at or before age 20. Country folk do but most people don't. Even the builders (that's right, thanks) had their kids mid to late twenties.

 

I think the average age for having kids is late 20's, or early 30's now

 

Was 40 for me.

 

I'm an x, my parents were boomers. They were mid 20's when they had me, which was normal back then.

They were born late 1940's, I was born early 1970's and my son, who just scrapes in as a gen y was born mid 1990's. Not difficult or odd at all.

 

Gen X will work longer than any generation before

And so we should......that's what you get for doing burn-outs with the Gen III engines lol.

 

And so they should!!!!

Someone has to fund the lifestyle I have become accustomed to, as a boomer in retirement .

 

there are plenty of boomers with gen x kids, boomers started in 1954 I think and gen x ended late 70s /early 80s depends on who you listen too.
I'm an example, my folks are boomers and I'm born in 82

seems an odd thing to get upset about.
imo no generation is better than the next, they all are better in some respects and worse in others.

although, if gen y is the current favourite to bash arguably boomers and early gen xs are to blame since they raised them...

boomers certainly had some qualities that I wish were more prevalent today but it was also the generation (I'm talking australia here) where racism and xenophobia were rampant, women were 2nd class citizens, the original people of this country were considered flora/fauna and majority have sat or will sit on their bums in retirement and sponged off the govt/next gen. and no the whole they paid their taxes argument doesn't stand because many cost more in services than they paid in taxes during their working years.

like I said, things to learn from both good and bad from every generation.

gen y is certainly a hell of a lot more entrepreneurial than boomers imo, ive been really impressed with many young'uns lately. also although they're often criticised for travelling so much arguably the perspective and lessons learnt and brought back to this country are invaluable

 

And who else is there to pay for the lifestyles of the gen-y and millennials that we (so underservingly) expect - surely they don't think we are going to work for it???

Blacky

 

as long as they have a zimmer frame there is no reason to stop. Go ... Gen X.

MTR