When you son/daughter retire? Better off financially?

[TNGary]

Our generations children, faced with high home prices, higher cost of college for their kids, numerous activities for their kids that cost $, plus all the extra needs for their kids including cell phones, Apple computers, nice cars when the kids drive, as opposed to clunkers or no car (as we can relate to) and in many cases jobs that today offer no pension. Not to mention the 50%divorce rate or Parents (you and I) that may make it to mid 80's and exhaust our funds on health care and assisted living $. Of course not all of the above apply to all of our kids but in general they live a different lifestyle as is part of their culture, such as ours was different from our great and loving parents. I just hope they can stay ahead of the curve and, recognize they may live to be 90 and stash a few $ away along the way. We can still continue to be postive role models for them the best we can.

[Allegiance]

30ish years.

Yes.

[fw102807]

It is all relative. I can remember when I thought if I ever made 100.00 a week I would be filthy rich. The divorce rate is nothing new either, almost everyone I know has been divorced.

[retiredguy123]

All the problems mentioned can be solved with frugality. But, I think the biggest problem future generations will have is the national debt, which is not going away and must be dealt with one way or another.

[Allegiance]

All the problems mentioned can be solved with frugality. But, I think the biggest problem future generations will have is the national debt, which is not going away and must be dealt with one way or another.FRUGALITY!! Absolutely.

Too many Entitled people think they deserve Starbucks coffee twice a day and a Resturant meal everyday while living with their mommy or the like....govt subsidies etc.

They have no sense of reality.

Go to another country as an illegal alien and try to protest in front Of their equivalent of Disney and see what happens.

We have to change this society that has made ENTITLEMENT the normal.

[Abby10]

I have to agree with several of the points already made on this thread. The kids that will make it and do well will have to live "smart". Frugality, not feeling entitled to having the latest and greatest, considering ways outside of the box to save money, and hard work are all part of it. Unfortunately too many, even in my generation, have little to no self-control and live very materialistic lifestyles. Then when they approach retirement age, they wonder how the rest of us can afford to get a place in Florida and retire early. All one has to do is look back at how one lived their lives in their accumulation years for the answer in most cases.

I also think a big factor with the 30's age group has been difficulty in getting a decent, consistent job. Too many applying for too few positions. Hopefully the upswing we are seeing will continue for them and that will begin to change.

[Wiotte]

Raise them the right way, consistent discipline when necessary and never coddle them when things don’t go their way and they’ll take what you gave them and use it to succeed in life.
There will always exceptions, you did the best you could.


Sent from my iPhone using Tapatalk

[autumnspring]

The biggest problem for the young today is TOO MANY of them have never faced any real problems on their own. Thus, they are not equipped for it.

I had some truly unfair advantages. While till I was about 13 we lived in poverty-below what is now unacceptable for those on the public dole. My dad a wounded combat WWII vet went to work everyday. My parents were MARRIED. When the teacher scheduled a meeting with your parents, THERE WERE TWO OF THEM, ONE A MAN ONE A WOMAN, the teacher was always right and debates were settled with my father's belt not with time out in a corner with your i phone.

These still CHILDREN at age 40 plus live with their parents and complain about how unfair it is that they need to pay back the money THEY BORROWED for college loans or perhaps mortgages on more home than they could afford.

IT IS OUR FAULT-WE ALLOWED IT WE CREATED IT. POVERTY IS A GREAT LESSON. WORKING YOUR WAY OUT OF IT IS A VICTORY EARNED.

[Bogie Shooter]

The biggest problem for the young today is TOO MANY of them have never faced any real problems on their own. Thus, they are not equipped for it.

I had some truly unfair advantages. While till I was about 13 we lived in poverty-below what is now unacceptable for those on the public dole. My dad a wounded combat WWII vet went to work everyday. My parents were MARRIED. When the teacher scheduled a meeting with your parents, THERE WERE TWO OF THEM, ONE A MAN ONE A WOMAN, the teacher was always right and debates were settled with my father's belt not with time out in a corner with your i phone.

These still CHILDREN at age 40 plus live with their parents and complain about how unfair it is that they need to pay back the money THEY BORROWED for college loans or perhaps mortgages on more home than they could afford.

IT IS OUR FAULT-WE ALLOWED IT WE CREATED IT. POVERTY IS A GREAT LESSON. WORKING YOUR WAY OUT OF IT IS A VICTORY EARNED.

I don't see how this makes any difference if the parents are there.......................

[2BNTV]

Raising one's children to not expect anything except for their own work efforts, has been a barometer for me.

To have kids with a sense of entitlement is a false sense of being fiscally responsible.

A car bought is taken care of more so than a car given. :smiley:

BTW - I agree this should be moved to political.

[asianthree]

Our three adults children, attended private colleges on academic scholarship, are doctors, bought vacation homes around age 40 in NC and TV.
Retirement in place around same time. Doing better with money then we did at the same age. Plus they each get a home here when we can no longer live in TV.

I don’t think we are entitled because we go to Starbucks or that they can if they choose, or make one at home with a Nespresso.
We Just enjoy good coffee.

Would love to take credit for their accomplishments, but it is not ours to claim, hard work and dedication is what made them the individuals they are.

[Madelaine Amee]

Our three adults children, attended private colleges on academic scholarship, are doctors, bought vacation homes around age 40 in NC and TV.
Retirement in place around same time. Doing better with money then we did at the same age. Plus they each get a home here when we can no longer live in TV.

I don’t think we are entitled because we go to Starbucks or that they can if they choose, or make one at home with a Nespresso.
We Just enjoy good coffee.

Would love to take credit for their accomplishments, but it is not ours to claim, hard work and dedication is what made them the individuals they are.

Nice post Asianthree! We have two very successful children who are raising four very successful children of their own. My boys found out very early in life that unless they were educated this is a cold hard world!

EDUCATION, EDUCATION, EDUCATION ...........

More than anything they are really nice people and go out of their way to help the less fortunate***** At Christmas time we have had dinner with some very interesting and different people.

[Allegiance]

Our three adults children, attended private colleges on academic scholarship, are doctors, bought vacation homes around age 40 in NC and TV.
Retirement in place around same time. Doing better with money then we did at the same age. Plus they each get a home here when we can no longer live in TV.

I don’t think we are entitled because we go to Starbucks or that they can if they choose, or make one at home with a Nespresso.
We Just enjoy good coffee.

Would love to take credit for their accomplishments, but it is not ours to claim, hard work and dedication is what made them the individuals they are.

Missed point on Starbucks, but congratulations on raising successful children. You had a lot to do with it, genetics and otherwise.

[fw102807]

The biggest problem for the young today is TOO MANY of them have never faced any real problems on their own. Thus, they are not equipped for it.

I had some truly unfair advantages. While till I was about 13 we lived in poverty-below what is now unacceptable for those on the public dole. My dad a wounded combat WWII vet went to work everyday. My parents were MARRIED. When the teacher scheduled a meeting with your parents, THERE WERE TWO OF THEM, ONE A MAN ONE A WOMAN, the teacher was always right and debates were settled with my father's belt not with time out in a corner with your i phone.

These still CHILDREN at age 40 plus live with their parents and complain about how unfair it is that they need to pay back the money THEY BORROWED for college loans or perhaps mortgages on more home than they could afford.

IT IS OUR FAULT-WE ALLOWED IT WE CREATED IT. POVERTY IS A GREAT LESSON. WORKING YOUR WAY OUT OF IT IS A VICTORY EARNED.

Because you don't know any people from our generation who squandered money, lived off of others, and came from broken families? Or because you don't know any from the current generation who are quite successful and productive? I happen to know both.