as a whole this might not make sense but look at it as a list of thoughts and it will 1. some of the comments are already out of whack same as the government of today. Most baby boomers like everyone else will need to retire and that costs money but like myself we were too busy bringing up our kids and paying taxes to realize we are now 65 plus and some do not even have super. to all of the younger generation be aware that your retirement age will be 80 plus if tony abbott has anything to do with it and by then you will not be able to work or even get a job so do go on laughing youngies but be aware you are heading the same way tick tock tick tock. 2. i wish you luck. you are living in a dream world, When we were young they called us bludgers and lazy and we worked hard made a life and built what you see around you now most of your age work at computers your generation do not make anything and the government under Tony abbott made the changes to the pension regardless when they come in are you going to be fit enough to work till 75 or whatever age dream on most of you generation are obese to say the least. and you are using infrastructure built by us. Thank you sir. 3. In the real world there are thousands of self employed in the building industry, own shops etc who never had super and you are missing the point there comes an age when the body cannot take physical work as it used to and your generation will be less fit and able to do this. as far as affording pension . Governments both libs and labs should manage our economy better. as far as the younger generation your super will not be enough to keep you after you retire ( inflation) and no one will be able to work past 75 when you look at the level of obesity around us now. 4. we all need to be aware there are physical limits as to what anyone can do and not everyone can be rich and savings be it super or investments are eaten away by inflation. 5. Inflation rate is 5% on average for many years. Interest paid to anyone on savings etc is 2.7% so unless you go out and earn better than most you are losing the difference between those to percentages. look at it as you like your super will not be enough so the only way for anyone to retire with some cash is to invest in real estate but even that is dicey when you look at the situation were Australia is not producing anything to export. makes a lot of imports and most are employed at literally doing nothing but playing on computers.. wish you luck gen X and Y and i feel sorry for you lot and i have grand kids in that generation.
Posted on: Wed, 26 Nov 2014 03:20:31 +0000
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