Comments on: Teens Don’t Save for Retirement – Are You Surprised? http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/ Helping a unique generation achieve financial independence. Sat, 20 Mar 2010 15:15:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Prosper, Peer-To-Peer Lending, Shred Your Credit Card Debt @ My Roundup http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-123589 Prosper, Peer-To-Peer Lending, Shred Your Credit Card Debt @ My Roundup Wed, 30 Dec 2009 17:00:52 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-123589 [...] X Finance: There’s a study that reveals that teenagers just don’t think about retirement. Admittedly, when I was a teenager, retirement was the farthest thing from my mind — [...] [...] X Finance: There’s a study that reveals that teenagers just don’t think about retirement. Admittedly, when I was a teenager, retirement was the farthest thing from my mind — [...]

]]> By: Young Adults and Retirement « Musings of a Gerontologist http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-109534 Young Adults and Retirement « Musings of a Gerontologist Wed, 11 Mar 2009 01:39:34 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-109534 [...] What am I getting into?” Why this is interesting to me is because no one is talking about it. Not all young adults have the opportunity to put money in a 401(k), but many young adults who have this option feel uneducated. Think about [...] [...] What am I getting into?” Why this is interesting to me is because no one is talking about it. Not all young adults have the opportunity to put money in a 401(k), but many young adults who have this option feel uneducated. Think about [...]

]]> By: Alfred Kelley http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-78392 Alfred Kelley Fri, 04 Jul 2008 09:24:34 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-78392 Hello everyone. I am an 18 yr old black male out of houston,tx. And I would like to make this short and sweet. I am thinking about retirement. I have since I was 16, when i started reading 5 hrs a day about money. Which I still do. The great news is I don't have to wait till Im 60 till I retire. I will retire when Im 19, which is 9 mths away from now. Since April 2008, millionaires have been investing my money. And I earn 2.67 percent interest a day, plus my initial investment. This is an exciting time of my life! And It wasn't so much of what I knew that got me here. It was My attitude, that told me,"Don't ever give up, until you become rich." That put me in the right place at the right time. Which has made all the difference!!! Thankyou! Sincerly Alfred Kelley! Hello everyone. I am an 18 yr old black male out of houston,tx. And I would like to make this short and sweet. I am thinking about retirement. I have since I was 16, when i started reading 5 hrs a day about money. Which I still do. The great news is I don’t have to wait till Im 60 till I retire. I will retire when Im 19, which is 9 mths away from now. Since April 2008, millionaires have been investing my money. And I earn 2.67 percent interest a day, plus my initial investment. This is an exciting time of my life! And It wasn’t so much of what I knew that got me here. It was My attitude, that told me,”Don’t ever give up, until you become rich.” That put me in the right place at the right time. Which has made all the difference!!! Thankyou! Sincerly Alfred Kelley!

]]> By: jonny-b http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-62611 jonny-b Wed, 12 Mar 2008 10:57:57 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-62611 I agree with Kristen here, our retiement age is being oushed up and state pension reduced in the UK, true retiremnet wont be an option by the time is reach my twilight years. I just hope that if i ever need a <a href="http://www.bettercaring.com" rel="nofollow">care home</a> that my assets still cover the cost of care otherwise the burden will fall on loved one elsewhere and i don't want that to be the case. I agree with Kristen here, our retiement age is being oushed up and state pension reduced in the UK, true retiremnet wont be an option by the time is reach my twilight years. I just hope that if i ever need a care home that my assets still cover the cost of care otherwise the burden will fall on loved one elsewhere and i don’t want that to be the case.

]]> By: Kristen O http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-56898 Kristen O Fri, 08 Feb 2008 19:36:34 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-56898 Teens aren't saving for retirement because they don't expect to be able to retire. There isn't going to be Social Security for us, and we're NOT going to retire, instead we'll probably just sue anyone who tries to forces us to because of age discrimination. We're not going to have the money, because we just don't make that kind of money, and with the economy the way it is, we don't expect to ever make that kind of money. Even if we saved all of our lives, we still probably wouldn't have the money. Even if we have the money, by that time, our currency will be so inflated that our money will not be enough to retire on. Solve these problems first, THEN complain about the mindset of today's teens. Teens aren’t saving for retirement because they don’t expect to be able to retire. There isn’t going to be Social Security for us, and we’re NOT going to retire, instead we’ll probably just sue anyone who tries to forces us to because of age discrimination. We’re not going to have the money, because we just don’t make that kind of money, and with the economy the way it is, we don’t expect to ever make that kind of money. Even if we saved all of our lives, we still probably wouldn’t have the money. Even if we have the money, by that time, our currency will be so inflated that our money will not be enough to retire on.

Solve these problems first, THEN complain about the mindset of today’s teens.

]]> By: Sero http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-54418 Sero Tue, 29 Jan 2008 02:28:25 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-54418 Speaking as a sophmore in high school...Yeah. I'd thought some about my future before just recently (recently, went on a binge of looking for stuff on retirement planning on a whim. Glad I did.), but I know the majority of my peers don't. Our teacher showed us some stuff on credit card debt in Street Law, a semester long elective class that tries to give you a general cross-section of the American legal system, criminal and civil, but I got the impression it was on personal initiative, not part of the curriculum. I would /dearly/ love to see a year-long finance class as a required course. Speaking as a sophmore in high school…Yeah. I’d thought some about my future before just recently (recently, went on a binge of looking for stuff on retirement planning on a whim. Glad I did.), but I know the majority of my peers don’t.

Our teacher showed us some stuff on credit card debt in Street Law, a semester long elective class that tries to give you a general cross-section of the American legal system, criminal and civil, but I got the impression it was on personal initiative, not part of the curriculum.

I would /dearly/ love to see a year-long finance class as a required course.

]]> By: War Gold http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-53372 War Gold Wed, 23 Jan 2008 16:10:52 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-53372 Financial education is the key here. We've teachers who didn't have to face the same climate (at the same age) that exists today, so said education needs to be to both student and teacher. I didn't start saving until 23 and that decision was based on advice from an elder. Very glad I took it on board. Financial education is the key here. We’ve teachers who didn’t have to face the same climate (at the same age) that exists today, so said education needs to be to both student and teacher.

I didn’t start saving until 23 and that decision was based on advice from an elder. Very glad I took it on board.

]]> By: ChristianPF http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-51100 ChristianPF Fri, 11 Jan 2008 18:27:21 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-51100 Our schools need to do a better job of providing some sort of a financial education - we push our kids through teaching them how to be employees and make money - with little emphasis on what to do with it once they make it. Our schools need to do a better job of providing some sort of a financial education – we push our kids through teaching them how to be employees and make money – with little emphasis on what to do with it once they make it.

]]> By: Minimum Wage http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-49964 Minimum Wage Mon, 07 Jan 2008 02:32:25 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-49964 As a teen, I saved for college. Shoulda skipped college and just put it in a retirement fund. I've don the math, and since I have no retirement fund and my expected Social Security benefits will not be enough to live on, I fully expect that I will never be able to retire. As a teen, I saved for college. Shoulda skipped college and just put it in a retirement fund.

I’ve don the math, and since I have no retirement fund and my expected Social Security benefits will not be enough to live on, I fully expect that I will never be able to retire.

]]> By: rstlne http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-49359 rstlne Thu, 03 Jan 2008 21:43:20 +0000 http://genxfinance.com/2007/12/28/teens-dont-save-for-retirement-are-you-surprised/#comment-49359 I didn't have a 401K either when I was a teen, but I opened one at the age of 22. It's important to start somewhere. I didn’t have a 401K either when I was a teen, but I opened one at the age of 22. It’s important to start somewhere.

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