A Quote by David Rubenstein
As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and theyre the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.
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As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and they're the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.
We're just not ready for the retirement of the Baby Boomers. And we'd better prepare for that.
Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.
Retirement is a very subjective thing. There are guys I know who retire and they're very happy and they never miss work at all. I can't see myself retiring and fondling a dog every day. I like to get up and work and go out. I have too much energy or too much nervous anxiety or something. So I don't see myself retiring. Maybe I will suddenly get a stroke or a heart attack and I will be forced to retire, but if my health holds out I don't expect to retire.
The thing we need to work on as a country is our educational system. To me, that is something that our generation needs to be focused on. To make sure that for our next generation, every child - no matter what background, no matter what ethnicity, no matter whether they're whatever gender - that they are all educated to have real equal opportunity. That's number one for me. But I have no question that if it's not our generation that will make sure that that happens that it will be our children's generation.
Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.
A masterwork. A particularly American magic realism that touches the heart of race and childhood in our country; it's 100 Years of Solitude for an entire generation of American Baby Boomers, and deserves the widest possible audience.
I think that retiring the baby boomers is going to be one of the great challenges in America, that you cannot make fiscal sense out of the future of our children without taking on entitlements.
There is this idea that appealing to youth is the only way forward. But that is no longer the case. Youth is not everything. Now we have all the baby-boomers in their 60s, like me, who are actively engaged in life - we're not retiring, we're not just being put out to grass once we hit 60.
I am very concerned about the millions of baby boomers who are counting on the stock market to deliver them a safe, sound, long retirement. I am afraid the baby boomers who are counting on the stock market are in trouble.
You must prepare yourselves, young people, because Uncle Dave's generation is getting old. We are almost ready to go to the retirement home to spend the rest of our days tapping our bedpans rhythmically in time to "easy listening" rock 'n' roll. We must pass the torch on to you, and you must grasp it, ideally by the end that is not on fire.
Baby boom generation in China will start to hit retirement age in the very next few years, let's say by the end of this decade.
Every generation trash-talks younger generations. Baby boomers labeled Generation X a group of tattooed slackers and materialists; Generation Xers have branded millennials as iPhone-addicted brats.
Either the Baby Boomers are not going to have the retirement life that they expect or taxpayers are going to be hit with a tremendously huge bill. Or both.
Open the borders to willing workers from any and all nations. They will create businesses that pay taxes, especially payroll taxes to fund Medicare and Social Security benefits of retiring baby boomers.
The children of baby boomers should take very seriously the consequences for them of the inadequate funding for them of the baby boomer generation. This is a huge economic problem for the nation, not just for individuals or individual families. Think about it for a minute - if retirees become 20% of our population and their purchasing power falls below what has been normal for retirees in the past, one important engine driving our economy will be diminished.
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