Should the Social Security and Medicare Age be Raised

[gipper]

It's bullshit because that's what you think it is. Why do you leftists always believe you are right and have a crystal ball?

Lol. This from a clueless con. Lol.

 

[Lesh]

Let's say you make minimum wage of $15 and hour at a full time job. That's roughly $450 a week take home. Forty five dollars of that goes right into the bank. That's $193 a month or $2322 a year.

At 3% interest that's roughly $175000 after 40 years. And that's assuming you never make more than $15 an hour!

So you reduced your meager salary...had to forgo all sorts of shit...scrambled to pay your bills for YEARS...and in return you got less than $200,000 to retire on.

In less than 10 years you're broke.

Nice retirement

 

[Lesh]

Then you're an idiot because you have no control over social security

You mean...at any time Republicans could screw the pooch on that?

There is that danger

 

[Ray From Cleveland]

Save 10% a year. Okay sure but if you’re poor, 10% of a very small number won’t do much. Many Americans make less than $20k a year.

20K a year is just above federal minimum wage. If you are still making that little amount after a few years of working, you're doing something terribly wrong.

 

[Blues Man]

.

Let's say you make minimum wage of $15 and hour at a full time job. That's roughly $450 a week take home. Forty five dollars of that goes right into the bank. That's $193 a month or $2322 a year.

At 3% interest that's roughly $175000 after 40 years. And that's assuming you never make more than $15 an hour!

If you use the average 50 year return of the stack market of 9% IT'S 828,876

 

[Blues Man]

You mean...at any time Republicans could screw the pooch on that?

There is that danger

doesn;t matter what party.

The fact that you want your retirement to be decided by politics is what makes you stupid

 

[Ray From Cleveland]

So you reduced your meager salary...had to forgo all sorts of shit...scrambled to pay your bills for YEARS...and in return you got less than $200,000 to retire on.

In less than 10 years you're broke.

Nice retirement

Isn't 200K better than zero money at retirement?

 

[Mr Natural]

So you reduced your meager salary...had to forgo all sorts of shit...scrambled to pay your bills for YEARS...and in return you got less than $200,000 to retire on.

In less than 10 years you're broke.

Nice retirement

It's better than nothing!

 

[beagle9]

Truckers should be the first to qualify for retirement at the age of 60. It is one of the most essential yet grueling unforgiving, home wrecking job's in the country. No one realizes how stressful and how much hardships truck drivers endure or do have in their career's as Trucker's. Not only that, but the physical detriment that driving truck's for a living puts upon the body is unbelievably harsh and unforgiving.

Things can be done to reward and entice participation into the field by up and coming American's, but sadly greed and not knowing where one's basic essentials come from in life, causes truck drivers to be the most disrespected employees in this country when it comes to benefit's and retirement.

It's time to reward Trucking careers with a better time related retirement plan, and better treatment. How about that Ray ?

 

[Blues Man]

It's all on the personality of the people.

I was listening to the radio one day and they were talking about a study some institution did. They went to young children in school and gave each one a piece of candy. They told the kids they could eat their treat, or if they hold out for 15 minutes, they could get another piece of candy and have two. They kept the experiment going with more candy and earning it by longer and longer wait times.

Several years after the kids graduated school they took a look at how they were doing as adults. The kids that ate their candy immediately were struggling financially. The kids that didn't eat any candy to get more candy were pretty successful.

Which is why we need to teach at least basic finance in public schools

 

[Foolardi]

Save 10% a year. Okay sure but if you’re poor, 10% of a very small number won’t do much. Many Americans make less than $20k a year.

That number {$2ok}seems above a poverty rate.One considered in Poverty earns or lives on an income of $ 13,590 for
one individual in 2020/2021.
For 2 people it's $18,310
For 3 people it's $ 23,030.

 

[Blues Man]

Save 10% a year. Okay sure but if you’re poor, 10% of a very small number won’t do much. Many Americans make less than $20k a year.

that's just short sighted.

even 50 bucks a month for 40 years at the average lifetime return of the market will be almost a quarter million.

And isn;t that better than zero?

 

[Ray From Cleveland]

Truckers should be the first to qualify for retirement at the age of 60. It is one of the most essential yet grueling unforgiving, home wrecking job's in the country. No one realizes how stressful and how much hardships truck drivers endure or do have in their career's as Trucker's. Not only that, but the physical detriment that driving truck's for a living puts upon the body is unbelievably harsh and unforgiving.

Things can be done to reward and entice participation into the field by up and coming American's, but sadly greed and not knowing where one's basic essentials come from in life, causes truck drivers to be the most disrespected employees in this country when it comes to benefit's and retirement.

It's time to reward Trucking careers with a better time related retirement plan, and better treatment. How about that Ray ?

I doubt that will ever happen. Over the last ten years or so the solution for companies to get drivers is to bring them in from other countries. Some of these worthless bastards will work for nothing and have zero training or experience. Whatever it is in their country for a similar CDL to ours, they can buy with a five dollar bill and a pack of cigarettes. Some of them don't know a word of English yet alone be able to read our road signs. Our government is making the roads more and more dangerous all the time.

The result is we have way more serious truck accidents. Then the bureaucrats create all kinds of new regulations to combat these mishaps, and more Americans get out of the business.

Reagan said it best: Government is not the solution to our problem, government is the problem.

 

[Blues Man]

So you reduced your meager salary...had to forgo all sorts of shit...scrambled to pay your bills for YEARS...and in return you got less than $200,000 to retire on.

In less than 10 years you're broke.

Nice retirement

Now you ignore social security?

That 200K invested at a very conservative 5% return provides more than 12000 addition dollars a year for 20 years.

 

[Ray From Cleveland]

Which is why we need to teach at least basic finance in public schools

I couldn't agree more. But most public schools are liberal minded. They are not about to make little capitalists out of these children. They spend their time teaching kids how to feel guilty of their white skin and how to put a rubber on a banana the right way instead.

 

[Mr Natural]

I couldn't agree more. But most public schools are liberal minded. They are not about to make little capitalists out of these children. They spend their time teaching kids how to feel guilty of their white skin and how to put a rubber on a banana the right way instead.

We had economics classes. But this was back in the 60s.

 

[Blues Man]

I couldn't agree more. But most public schools are liberal minded. They are not about to make little capitalists out of these children. They spend their time teaching kids how to feel guilty of their white skin and how to put a rubber on a banana the right way instead.

The day I learned that 150000 dollars if invested at 5% will provide 1000 a month for 20 years or 240000 it changed my life.

I was lucky enough to have been taught that when io was very young

 

[rightwinger]

I couldn't agree more. But most public schools are liberal minded. They are not about to make little capitalists out of these children. They spend their time teaching kids how to feel guilty of their white skin and how to put a rubber on a banana the right way instead.

Kids should be required to take Home Economics

Not Cooking and Sewing but how to handle personal finance

How to budget your income
How to plan for retirement
How health insurance works
Rental contracts and Mortgages
Your Credit Rating

 

[Foolardi]

Which is why we need to teach at least basic finance in public schools

I disagree.There are far more urgent and important areas
of Living in the U.S. than understanding Finance.
Most of the Grandparents { particularly } Grandma's
knew little to nothing about Finance.All they knew or
cared to knew { Know } was how much it cost for Ground
beef and how much money was in a Savings account.
Or some Cookie jar.
The breadwiner in the family was charged with
Finance.Whether negotiating a home purchase
or buying a vehicle.Plus with buying a home it may reguire
having an Attorney present to legalize things like
Clear title { Title search } and the documents that
go with a closing that need signatures.

 

[Blues Man]

Kids should be required to take Home Economics

Not Cooking and Sewing but how to handle personal finance

How to budget your income
How to plan for retirement
How health insurance works
Rental contracts and Mortgages
Your Credit Rating

cooking and sewing would be good too.