Current Events > Why are young people so obsessed with retirement

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JBaLLEN66
08/30/17 11:01:04 AM
#1:


I have some friends that are just grinding out their young years so they can hopefully retire early or retire with more money. Why the **** would you want to retire early anyway? If you are so hell bent on it then you need to find another job because that's pathetic. In addition, even if I retired at idk 65 with 800k, I wouldn't really need it. You think 70 year old me is going to give two **** about traveling the world to bang broads, drive a super car, live in the hip young areas, and etc. Hell no, I will just be happy I haven't kicked the can from cancer at that point. Then I die and money I saved grinding my most valuable years of my life goes to my kids that just waste on a liberal arts degree, cars, and etc.
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Ilove4chan
08/30/17 11:01:47 AM
#2:


That's your prerogative man
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TheVipaGTS
08/30/17 11:09:28 AM
#3:


this is a dumb topic. lets talk about Soda instead.

Is it just me, or does Orange Soda not taste the same as it used to?
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Laserion
08/30/17 11:15:59 AM
#4:


JBaLLEN66 posted...
You think 70 year old me is going to give two **** about traveling the world to bang broads, drive a super car, live in the hip young areas, and etc. Hell no, I will just be happy I haven't kicked the can from cancer at that point.

That's precisely why they want to retire younger than that.
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There is "would've", "should've" and "could've".
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s0nicfan
08/30/17 11:16:51 AM
#5:


Because old people fucked us all over by ruining the pension system and bleeding dry social security, so we don't get the safety net that the "greatest generation" gets on our dollar.
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JBaLLEN66
08/30/17 11:17:58 AM
#6:


Laserion posted...
JBaLLEN66 posted...
You think 70 year old me is going to give two **** about traveling the world to bang broads, drive a super car, live in the hip young areas, and etc. Hell no, I will just be happy I haven't kicked the can from cancer at that point.

That's precisely why they want to retire younger than that.


So you would need to become a multi millionaire by 30?
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Him being greedy is a good thing. That means he'll want to spend less and help us get out of this debt. Gamefreak36
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#7
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Laserion
08/30/17 11:21:19 AM
#8:


So, when is the right time to "traveling the world to bang broads, drive a super car, live in the hip young areas, and etc." ?
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There is no "would of", "should of" or "could of".
There is "would've", "should've" and "could've".
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Bok_Choi
08/30/17 11:21:56 AM
#9:


Yeah because I want to keep working to survive until i'm 75
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Darklit_Minuet
08/30/17 11:40:43 AM
#10:


JBaLLEN66 posted...
Why the **** would you want to retire early anyway?

...so you don't have to work anymore?

Is this supposed to be a trick question or something?
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KILBOTz
08/30/17 11:48:09 AM
#11:


It used to be as you aged you were respected in the company and your income continued to grow.

The current economic climate discriminates pretty heavily against people over 50. With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.

I don't plan to ever fully retire but I should be able to start working part time (as in 40 hours a week but like 10-20 weeks a year) at around 45, 50 if I want to play it safe. Really I just don't want to live in squalor as a sr. citizen.

Retirement is going to be awful for most millennials if there isn't a significant change to things.
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Sativa_Rose
08/30/17 11:49:27 AM
#12:


KILBOTz posted...
With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.


Why? Shouldn't you be much more employable with more experience and skills?
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Darklit_Minuet
08/30/17 11:54:18 AM
#13:


Sativa_Rose posted...
KILBOTz posted...
With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.


Why? Shouldn't you be much more employable with more experience and skills?

Your experience and skills will no longer apply, as a robot will be able to do that work for free
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Sativa_Rose
08/30/17 11:55:35 AM
#14:


Darklit_Minuet posted...
Sativa_Rose posted...
KILBOTz posted...
With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.


Why? Shouldn't you be much more employable with more experience and skills?

Your experience and skills will no longer apply, as a robot will be able to do that work for free


Lol, well if we're going to go that route, everything might be so cheap that it's almost free.
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KILBOTz
08/30/17 11:56:18 AM
#15:


Sativa_Rose posted...
KILBOTz posted...
With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.


Why? Shouldn't you be much more employable with more experience and skills?


employers would rather have someone they can burn out and pay a fraction of their worth than someone that gives a bit better performance for a lot more. you are also no longer competing against just other americans in your region but increasingly a global market place.
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eston
08/30/17 11:57:51 AM
#16:


Because you have the ability to work harder when you're young, whereas having to continue working when you are old is fucking awful.
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Balrog0
08/30/17 11:58:30 AM
#17:


KILBOTz posted...
you are also no longer competing against just other americans in your region but increasingly a global market place.


all politics is local

i call that job security my friend

really though the prospects for not being an impoverished senior are really bleak for my generation
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Sativa_Rose
08/30/17 11:58:44 AM
#18:


KILBOTz posted...
Sativa_Rose posted...
KILBOTz posted...
With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.


Why? Shouldn't you be much more employable with more experience and skills?


employers would rather have someone they can burn out and pay a fraction of their worth than someone that gives a bit better performance for a lot more. you are also no longer competing against just other americans in your region but increasingly a global market place.


That implies that there's nothing you have to offer that they can't get out of some younger burn out-able employee. I don't think what you're describing is actually true on an economy-wide basis. Specific companies do this, but I don't think people should put all their eggs in one basket when it comes to employment, so to speak. It's a bad idea to trust that your company will take care of you, you have to look out for your own ass.

And honestly it's a good thing that the marketplace is global, as it's not like an American should be any more special than someone in Indonesia.
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KILBOTz
08/30/17 12:09:20 PM
#19:


It takes a good deal of business sophistication to be able to exploit global labor effectively, that is true. But companies are getting larger and more powerful, consolidating to fewer options. In 1994 the Fortune 500 made up 58% of the GDP, in 2013 they made up 73% and the overall trend is that they are becoming more and more of the economy.

There will always be small businesses but there will be fewer employment options for our generation and the multi-nationals that make up the fortune 500 have no loyalty to their employees or even their country.
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HypnoCoosh
08/30/17 12:10:01 PM
#20:


Because it's something they will likely never experience.
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thanosibe
08/30/17 12:10:33 PM
#21:


Sativa_Rose posted...
KILBOTz posted...
Sativa_Rose posted...
KILBOTz posted...
With average duration of employment shrinking it is more just being realistic that I will not have the same opportunities to make money at 60 as I did at 30.


Why? Shouldn't you be much more employable with more experience and skills?


employers would rather have someone they can burn out and pay a fraction of their worth than someone that gives a bit better performance for a lot more. you are also no longer competing against just other americans in your region but increasingly a global market place.


That implies that there's nothing you have to offer that they can't get out of some younger burn out-able employee. I don't think what you're describing is actually true on an economy-wide basis. Specific companies do this, but I don't think people should put all their eggs in one basket when it comes to employment, so to speak. It's a bad idea to trust that your company will take care of you, you have to look out for your own ass.

And honestly it's a good thing that the marketplace is global, as it's not like an American should be any more special than someone in Indonesia.
I just turned 40 and it was only two jobs ago that I realized this. My dad retired from his job (though him and my mother still operate their small business) that he started when I was in high school still. I've been working since I was 17 and the longest job I held was 7 years. Many companies don't care about employees. And I found it to be increasingly more common with corporations, rather than family owned/small business where the owners actually interact with their employees. But then that's not always the case either. Both an employee and an employer are using each other. It's just a matter of time before either party finds the other of no use for whatever reasons that party deems valid.
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Dustin1280
08/30/17 12:10:44 PM
#22:


I'm on track to retire at 50-55.

25% of my income goes into retirement.
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SageHarpuia
08/30/17 12:11:46 PM
#23:


This is a dumb topic
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