Comments on: It’s Time for Generation X to Grow Up http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/ Helping a unique generation achieve financial independence. Fri, 19 Mar 2010 03:24:02 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Minimum Wager http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-76425 Minimum Wager Thu, 12 Jun 2008 01:36:58 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-76425 Finally regarding MSNBC's "For Gen X, Time to Grow Up and Get a Broker" - I dont know all about it - but X'ers are going to be in a short supply of productive workers. So they would rather let computers do the broker job and use people elsewhere. As it turns out, most of X'ers dont mind keeping their nest egg on internet banking systems and use internet brokerages. Finally regarding MSNBC’s “For Gen X, Time to Grow Up and Get a Broker” – I dont know all about it – but X’ers are going to be in a short supply of productive workers. So they would rather let computers do the broker job and use people elsewhere. As it turns out, most of X’ers dont mind keeping their nest egg on internet banking systems and use internet brokerages.

]]> By: Minimum Wager http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-76424 Minimum Wager Thu, 12 Jun 2008 01:31:15 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-76424 Oh and one more - the significant importation (legal immegration) of the high tech workers around Y2K - kind of falls into the Gen X as well and a lot of them ended up staying. This somewhat evens out the effect of this big ripple - but I guess the numbers are just a drop or two in the bucket. Oh and one more – the significant importation (legal immegration) of the high tech workers around Y2K – kind of falls into the Gen X as well and a lot of them ended up staying. This somewhat evens out the effect of this big ripple – but I guess the numbers are just a drop or two in the bucket.

]]> By: Minimum Wager http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-76422 Minimum Wager Thu, 12 Jun 2008 01:21:52 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-76422 Considering that the birth rate hit lowest in 1970-72 range - the lowest demand for housing will be when these folk turn 35+ (ready to buy house) - and housing crash came about same time. Scary!! But guess what - those born around this period will retire say at 70 yrs in 2040 - the increasing number of productive workers behind you would have paid quite a bit into the system that can potentially take care of you!!!!!!!! Unless - we have used up all the gasoline and warmed up this planet to a point of no return. Considering that the birth rate hit lowest in 1970-72 range – the lowest demand for housing will be when these folk turn 35+ (ready to buy house) – and housing crash came about same time. Scary!! But guess what – those born around this period will retire say at 70 yrs in 2040 – the increasing number of productive workers behind you would have paid quite a bit into the system that can potentially take care of you!!!!!!!! Unless – we have used up all the gasoline and warmed up this planet to a point of no return.

]]> By: boqueronman http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-72191 boqueronman Tue, 29 Apr 2008 15:45:26 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-72191 Advice from a Boomer: With a $72 trillion unfunded liability in Medicare/aid and Social Security, you need, as a generation, to press politicians for reform of the entitlement system like... yesterday. Take a look at your pay stub sometime and just think about what you could do with the FICA tax that the government confiscates from you. How anyone of your generation can vote for a national political candidate whose platform is even more government and yet more taxes is quite beyond my understanding. Don't worry though, I'm retired and I saved. Also, don't worry about the irresponsible Boomers, they deserve everything they will get. Or as a now notorious person has said, their chickens will come home to roost. Best of luck to you all. Advice from a Boomer: With a $72 trillion unfunded liability in Medicare/aid and Social Security, you need, as a generation, to press politicians for reform of the entitlement system like… yesterday. Take a look at your pay stub sometime and just think about what you could do with the FICA tax that the government confiscates from you. How anyone of your generation can vote for a national political candidate whose platform is even more government and yet more taxes is quite beyond my understanding. Don’t worry though, I’m retired and I saved. Also, don’t worry about the irresponsible Boomers, they deserve everything they will get. Or as a now notorious person has said, their chickens will come home to roost. Best of luck to you all.

]]> By: Prosper Blog: Prosper, the online marketplace for people-to-people lending » Blog Archive » Do You Need a Budget? http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-46164 Prosper Blog: Prosper, the online marketplace for people-to-people lending » Blog Archive » Do You Need a Budget? Wed, 19 Dec 2007 13:00:45 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-46164 [...] budget. Some of these people may include those who live on more of a fixed income or saddled with significant debt. However, some of these people might be just the opposite like my best friend. I would estimate [...] [...] budget. Some of these people may include those who live on more of a fixed income or saddled with significant debt. However, some of these people might be just the opposite like my best friend. I would estimate [...]

]]> By: Minimum Wage http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-42116 Minimum Wage Tue, 27 Nov 2007 14:43:05 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-42116 The only way to improve these statistics is through education and a willingness to learn. ------------------------------------------------- No, more income would also help imrove thesae statistics. I know how a mutual fund works but what use if that with no money? I don't need education or a willingness to learn, I need income. The only way to improve these statistics is through education and a willingness to learn.
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No, more income would also help imrove thesae statistics. I know how a mutual fund works but what use if that with no money? I don’t need education or a willingness to learn, I need income.

]]> By: Minimum Wage http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-42115 Minimum Wage Tue, 27 Nov 2007 14:40:58 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-42115 How many pairs of shoes does the average person wear out? I can easily see myself buying 30 pairs of shoes in 30 years, but I can't see myself saving $30,000 in 30 years. How many pairs of shoes does the average person wear out? I can easily see myself buying 30 pairs of shoes in 30 years, but I can’t see myself saving $30,000 in 30 years.

]]> By: The Sunday Review #46 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-38869 The Sunday Review #46 Mon, 19 Nov 2007 07:52:51 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-38869 [...] It’s Time for Generation X to Grow Up by Jeremy @ Generation X Finance. [...] [...] It’s Time for Generation X to Grow Up by Jeremy @ Generation X Finance. [...]

]]> By: Weekend Linkage - November 18, 2007 | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-38793 Weekend Linkage - November 18, 2007 | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing Mon, 19 Nov 2007 02:50:02 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-38793 [...] at Generation X Finance said it’s time for generation X to grow up and get ahead with their own retirement savings. It’s never too early to plan for the [...] [...] at Generation X Finance said it’s time for generation X to grow up and get ahead with their own retirement savings. It’s never too early to plan for the [...]

]]> By: Personal Finance Review - Open Enrollment Edition » Money Smart Life http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-38694 Personal Finance Review - Open Enrollment Edition » Money Smart Life Sun, 18 Nov 2007 21:40:39 +0000 http://genxfinance.com/2007/11/13/its-time-for-generation-x-to-grow-up/#comment-38694 [...] -It’s Time for Generation X to Grow Up @ Generation X Finance [...] [...] -It’s Time for Generation X to Grow Up @ Generation X Finance [...]

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