(06-13-2018, 12:58 PM)Kane Wrote: Here's the thing... 
Once upon a time someone thought it was a good idea to tell your kid they could be whatever they wanted to be.
It was more important to focus on self-esteem and make sure everyone got a ribbon.

I remember it clearly because I was actually a child when it started. Technically speaking I am a millennial, though I don't ever relate, associate, or consider myself such.
A new study by TDAmeritrade (which... should have polled more than 1500 people, imo) states that millennials expect to retire by 56.
Currently the "government retirement" age is 62.5 (iirc)
lol

I don't remember the last time anyone could "retire" at 56.... Outside of going to work somewhere that has full on pensions and such.

Also, they think they'll all be millionaires at some point in life.

https://www.foxbusiness.com/features/mos...-at-age-56

Just wondering how they expect this to happen when they have mounting student debt, degrees that major in English Lit and Arts & Crafts, the age of collecting social security rises every year, the likelihood of becoming a millionaire is slim, and many of them are too busy whining, complaining, crying, and protesting instead of working hard, investing, and saving.


As always... I blame the parents really.
Somewhere in the 80's and 90's... Parents messed up big... 
And that idea/mind set they set us up with carried thru the 2000's...
And now... I fear it's too late to go back. Yet I still urge anyone who will listen... if you're a young adult... get your mind right. If you're a parent of a young child... teach them well.... be realistic.
They CAN'T be anything they want to be. But they CAN be whatever they work hard toward achieving that is within their intellectual and physical abilities.

And they should bank on not having Social Security to fall back on....
and they should really get used to the idea of working into their 60s

Same boat as you. I just turned 30 back in April. Everything I have in life I have learned from my parents. I've learned from their mistakes. And I've also taken to heart that if you want things in life you have to go out and get them. You have to roll up your sleeves and work. Belly aching gets you nothing. And sometimes you have to make your own luck or create something out of nothing. 

I think what has happened is the lack of discipline from the parents instilled onto their children. And the lack of communication being wilted down into next to nothing since most parents can now let the TV or YouTube or other social platforms become the parent or teacher while they just focus on themselves. 

When I have my own kid or kids I plan on being old school in a way. I am not afraid of putting my boot up someone's [BLEEP] if the situation calls for it and it's within reason. I am not going to just hand them a cellphone or a car. I want them to work for it. I want them to be socially responsible and financially responsible before Uncle Sam even recognizes when they're eighteen and they start taking taxes out. 

I was raised to be able to take care of myself early and often and to know right from wrong. My children will know and understand the same.

---