So, old age for me boils down to two options: waste my savings on "medical care" designed to swindle me, or eat my gun. Not a difficult choice at all.
Bankruptcy Filings Surge Among Older Americans
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Re: Bankruptcy Filings Surge Among Older Americans
#12So, old age for me boils down to two options: waste my savings on "medical care" designed to swindle me, or eat my gun. Not a difficult choice at all.
Or work on having the means to move to a country with a more sensible health care system before you reach that point.
Re: Bankruptcy Filings Surge Among Older Americans
#13Really very surprising that such a long piece doens't seem to mention once that the current crop of older Americans are teh first generation to live largely on credit, lived in houses 3x larger than previous generations, purchased 10x more new cars than previous generations, and have spending habits that far outstrip anything their progenitors would ever have considered. Yes, healthcare costs a lot, and social securi…
I question our society when given those type of responses.
Re: Bankruptcy Filings Surge Among Older Americans
#14Really very surprising that such a long piece doens't seem to mention once that the current crop of older Americans are teh first generation to live largely on credit, lived in houses 3x larger than previous generations, purchased 10x more new cars than previous generations, and have spending habits that far outstrip anything their progenitors would ever have considered. Yes, healthcare costs a lot, and social securi…
It also fails to mention how everyone under 50 is being co-opted to finance these lifestyles and literally create notions of generational wealth.
I fantasize about buying a house and find it outrageous that most of the houses I would want to buy are nearly 100 years old. Anything since has been very cheaply constructed and designed for a strange lifestyle that seems to prioritize individual greed. To me, my home is second to my neighborhood and this should result in smaller homes which make for a walkable and neighborly surrounding. What was going on in these greedy baby-boomers minds? They are like aliens to me.
Re: Bankruptcy Filings Surge Among Older Americans
#15Really very surprising that such a long piece doens't seem to mention once that the current crop of older Americans are teh first generation to live largely on credit, lived in houses 3x larger than previous generations, purchased 10x more new cars than previous generations, and have spending habits that far outstrip anything their progenitors would ever have considered. Yes, healthcare costs a lot, and social securi…
I'm not singling out individuals, obviously not every boomer benefited, but it seems, like NFL players, we are not good at budgeting for retirement and perhaps there is value in maintaining that social safety net before it's too late.
Re: Bankruptcy Filings Surge Among Older Americans
#16Re: Bankruptcy Filings Surge Among Older Americans
#17Earlier quoted context omitted.
Or work on having the means to move to a country with a more sensible health care system before you reach that point.
And you can move before reaching that point. It'll be a lot easier.
Re: Bankruptcy Filings Surge Among Older Americans
#18So, old age for me boils down to two options: waste my savings on "medical care" designed to swindle me, or eat my gun. Not a difficult choice at all.
Or work on having the means to move to a country with a more sensible health care system before you reach that point.
Can anyone recommend countries that are easy to move to? With urban environments and culture, without being too expensive for cost of living? I have tech skills but am not one of the trendy rich engineers. I commit my free time to art, as it brings me life. Unfortunately, it is increasingly unable to bring me survival.
Re: Bankruptcy Filings Surge Among Older Americans
#19My first thought was, "This is terrible!" My second thought was "Hm...maybe this means I'll be able to afford a house after all."
Whether that's enough to make up for influx of new people from elsewhere in the country and the world, who knows. And of course, many houses will just be inherited and turned into rental properties...
Re: Bankruptcy Filings Surge Among Older Americans
#20Really very surprising that such a long piece doens't seem to mention once that the current crop of older Americans are teh first generation to live largely on credit, lived in houses 3x larger than previous generations, purchased 10x more new cars than previous generations, and have spending habits that far outstrip anything their progenitors would ever have considered. Yes, healthcare costs a lot, and social securi…
Unless one is a ff rich elder (or at least well above moderately wealthy) the suction of any wealth is aggressive and unrelenting, especially if any services are required. Not until someone is totally insolvent do the "real" safety nets (what's left of them) begin to kick in. If you can't afford your ever escalating healthcare costs then you will likely not get the care you need until your assets total $0.00 and you're living ss check to ss check.
There has been and continues to be a sickly draw on any wealth and an unrelenting hacking away of the security of society as a whole. We are surrounded by vultures that eat the living in what seems like an "I've got mine and now I want yours." agenda that does nothing for society, rich or poor and continues practically unabated.
Bankruptcy seems like a perfectly good, viable and reliable option when considering the stacked deck.