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Gen X will work longer than any generation before

Discussion in 'Investor Psychology' started by Rclank1422, 4th Apr, 2016.

  1. Rclank1422

    Rclank1422 Member

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  2. Xenia

    Xenia Adelaide Property Manager Business Member

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    damn!
     
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    But they're also going to live longer.

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

    larrylarry Well-Known Member

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  5. zed_kid

    zed_kid Well-Known Member

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    What a time to be alive. Thanks boomers.:)
     
  6. bob shovel

    bob shovel Well-Known Member

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    Bloody advances in medical technology!!
     
  7. Sonamic

    Sonamic Well-Known Member

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    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.
     
  8. WattleIdo

    WattleIdo renovating Premium Member

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    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 :rolleyes:. *end rant*
     
    Last edited: 4th Apr, 2016
  9. Kate Moloney

    Kate Moloney Well-Known Member

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    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.
     
  10. Sonamic

    Sonamic Well-Known Member

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    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. :confused:
     
  11. WattleIdo

    WattleIdo renovating Premium Member

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    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.
     
  12. bob shovel

    bob shovel Well-Known Member

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

    Sonamic Well-Known Member

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    Was 40 for me.:oops:
     
  14. Nemo30

    Nemo30 Well-Known Member

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    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.
     
  15. datto

    datto Well-Known Member

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    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.
     
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  16. kierank

    kierank Well-Known Member

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    And so they should!!!!

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

    sanj Well-Known Member

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    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...:D

    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
     
    Last edited: 5th Apr, 2016
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  18. Blacky

    Blacky Well-Known Member

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    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
     
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  19. MTR

    MTR Well-Known Member Premium Member

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

    MTR:)
     
  20. Chilliblue

    Chilliblue Well-Known Member

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