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NY: Baby Boomersgoing Bankrupt

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Old 08-07-2018, 02:07 PM
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Default NY: Baby Boomersgoing Bankrupt


https://www.nytimes.com/2018/08/05/business/bankruptcy-older-americans.html


For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.




The signs of potential trouble ó vanishing pensions, soaring medical expenses, inadequate savings ó have been building for years. Now, new research sheds light on the scope of the problem: The rate of people 65 and older filing for bankruptcy is three times what it was in 1991, the study found, and the same group accounts for a far greater share of all filers.

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Old 08-07-2018, 05:07 PM
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Default NY: Baby Boomersgoing Bankrupt

They were the hippies, and right in the firing line for the last recession (the largest private grab of public money in the history of the US since the Reagan era). Itís a shame, but expected.

We will now have to double down and foot the bill to see them through their medically enhanced datelines with our tax dollars (whoo-hoo, another private grab of public money!)

Iím socking cash away in hopes it will still be worth something when I retire.
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Old 08-07-2018, 08:20 PM
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Originally Posted by brianpatrick View Post
I’m socking cash away in hopes it will still be worth something when I retire.
oh briannnn (hugs) should be asleep and this post sent with love not hate - only got the moment and life’s short then and that’s what I live in ...

* * *

a repost - wild times, flames and fucks with flea ...


anna was thinking on her answer to he who had asked a more beautiful question ...

today then and her life was a pack of cards, the real more fake and fraudulent than any dream held honestly and shared between them here ... she wasn’t sure how to explain the nonsense so she cupped a bone china tea pulled up a chair to the table and began. ‘See as part of anna’s PPI claim she had requested they do a blanket search across properties and accounts and not only would it appear that her ex boyfriend had set up a historic joint loan account unbeknown to her - the bank had made the greater detail of this mysterious joint loan account off limits too - because at the same time as he had appeared to set it up with no PPI as noted - they had been known to create secondary phantom loan accounts with the PPI. So it would appear he had faked her signature then and they had faked his ... and this all on the back of anna’s making of substantial wealth for them both to have benefited and now with nothing, the account closed and the bank and her ex boyfriend worth millions ... ‘funny sometimes your eyes just leak tears from some well within’ she thought - to him.


Last edited by anna; 08-11-2018 at 05:41 AM..
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Old 08-15-2018, 06:00 PM
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They were the hippies, and right in the firing line for the last recession (the largest private grab of public money in the history of the US since the Reagan era). It’s a shame, but expected.

We will now have to double down and foot the bill to see them through their medically enhanced datelines with our tax dollars (whoo-hoo, another private grab of public money!)

I’m socking cash away in hopes it will still be worth something when I retire.

Sock away precious metals (gold, silver, lead) If we go full Venezuela, then cash backed only by pixels at the Fed Reserve won't even make good TP, bp.
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Old 08-16-2018, 03:51 AM
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Going full Venezuela, as in the federal government seizing private corporations? Not too likely.

A favorite conservative fantasy these days though. But that's so they can conflate liberal pet policy with actual socialism.

And no, I'm not a liberal. I'm just an equal opportunity caller of B.S.
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Old 08-16-2018, 06:50 PM
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Originally Posted by E. Zamora View Post
Going full Venezuela, as in the federal government seizing private corporations? Not too likely.

A favorite conservative fantasy these days though. But that's so they can conflate liberal pet policy with actual socialism.

And no, I'm not a liberal. I'm just an equal opportunity caller of B.S.

I don't think of myself as a conservative these days.....


Did the government take over a large portion of the auto industry for a period of time?



Is a lot of the transportation system run by state or federal government? (trains/buses)



Are there politicians who have called for rolling private retirement accounts into social security?



And has the government seized private property for reasons not directly mentioned in the charter?



With the above said, was seizing private property part of my comment? Or was is a comment on the general state of affairs in Venezuela?



No mention of seizing private property?



and perhaps didn't realize that the commentary was largely in jest?



So did you add a context to my comments that wasn't there, and then "call bullshit"based on something you added to my comments that wasn't said?
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Old 08-16-2018, 07:10 PM
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https://babylonbee.com/news/dems-we-...ut-what-it-is/
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If you surrender a civilization to avoid social disapproval, you should know that all of history will curse you for your cowardliness - Alice Teller

If John of Patmos would browse the internet today for half an hour, I don't know if the Book of Revelations would be entirely different or entirely the same.
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