There is no functional Economy and this is due to the policies in place that the outgoing generation supported or, in the least, did not violently protest. So, in that way it is expected. To watch from the cupola of privilege that we in the West resided in, the horrors of the world and think that, eventually that brute Market Logic would not fall upon us was incredibly cruel and naive. It is here now; as soon as you open the dimension of hollowed out and marked for death human - for example the entire Global South - it is only a matter of time before it comes to us. (Fanon; Mbembe)
Getting old is a crisis more and more Americans can’t afford
11–20 of 34 posts
Re: Getting old is a crisis more and more Americans can’t afford
#12Earlier quoted context omitted.
Do you have a negative opinion of the nuclear family?
yes because the loss of the extended family and the multi-generational home in my opinion is one of the largest drivers of disintegration of our social fabric, not just for the old but also the young, and also a driver of inequality. The nuclear family benefits people who can outsource what were traditional tasks of the family or community to the market, while the poor have no such options. There's also a racial comp…
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Re: Getting old is a crisis more and more Americans can’t afford
#13Earlier quoted context omitted.
Do you have a negative opinion of the nuclear family?
The nuclear family is an artifice probably promoted by suburban land developers and durable goods manufacturers during the 40s and 50s or something. Humans naturally live in extended families three or more generations deep.
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Re: Getting old is a crisis more and more Americans can’t afford
#14I wish I were more sympathetic. But this generation: - had cheap housing for years - lived through a strong American economy - had relatively cheap access to education - had a cheaper tax burden - many of them have pensions that are paid for by today’s workers - spent most of their lives polluting the earth and not putting money aside for the cleanup Not sure what other advantages this generation wants?
Because poor people didn't exist back then?
Re: Getting old is a crisis more and more Americans can’t afford
#15Earlier quoted context omitted.
Do you have a negative opinion of the nuclear family?
yes because the loss of the extended family and the multi-generational home in my opinion is one of the largest drivers of disintegration of our social fabric, not just for the old but also the young, and also a driver of inequality. The nuclear family benefits people who can outsource what were traditional tasks of the family or community to the market, while the poor have no such options. There's also a racial comp…
>The nuclear family benefits people who can outsource what were traditional tasks of the family
Women entering the workforce is one of the main drivers behind this.
>There's also a racial component with marginalized peoples often suffering strongest from the fragility that is the result of the loss of larger family structures.
Not with Latinos or Asians. They heavily rely on extended families.
Re: Getting old is a crisis more and more Americans can’t afford
#16Earlier quoted context omitted.
Do you have a negative opinion of the nuclear family?
The nuclear family is an artifice probably promoted by suburban land developers and durable goods manufacturers during the 40s and 50s or something. Humans naturally live in extended families three or more generations deep.
This is false. Nuclear families have been a primary arrangement in England since the 13th century as an example.
Re: Getting old is a crisis more and more Americans can’t afford
#17I know I am supposed to by sympathetic, but if youve left the bay area and been out in the rral world, you would know that most people do not save at all. I used to sell RVs. I would say less than 20% of our clients could actually afford their purchase. By that I mean, people all ready in debt, but trying to max out their spending because having something leftover after bills and debts would be a waste.
Btw don't save in money. Save in stocks or bonds. The banks don't need your money for loans.
Re: Getting old is a crisis more and more Americans can’t afford
#18I wish I were more sympathetic. But this generation: - had cheap housing for years - lived through a strong American economy - had relatively cheap access to education - had a cheaper tax burden - many of them have pensions that are paid for by today’s workers - spent most of their lives polluting the earth and not putting money aside for the cleanup Not sure what other advantages this generation wants?
And social security. Millennial and younger generations would be wise to plan for retirement without it.
I suspect those who save wisely and privately saved for their retirement will see their nest eggs raided by the state if the public social security system collapses.
One of the reasons contributions made in to pensions in the UK are 100% tax free is because nobody trusts a future government not to double dip.
Re: Getting old is a crisis more and more Americans can’t afford
#19Cousin's parents spent entire life working. Kids moved out and now they have no one to take care of them. Elder care near them in $3000/mo per person. They can't afford that.
So vegetable life in a suburban house it is for them
Re: Getting old is a crisis more and more Americans can’t afford
#20Earlier quoted context omitted.
Do you have a negative opinion of the nuclear family?
The nuclear family is an artifice probably promoted by suburban land developers and durable goods manufacturers during the 40s and 50s or something. Humans naturally live in extended families three or more generations deep.
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