The Superboomers!

ManofLeisure_2

On a more cheerful note, no matter what our personal financial situation is, at least we are still alive and ticking .

ladeeda

Yes. All the over 50's I know are brimming with supernatural health, vitality and were blessed with an innate ability to make money, some by doing nothing more than buying a house 25 years ago. They all have several houses now, brilliant white teeth, at least one speed boat and spend their lifes jet-setting.

Yep..

PasturesNew

gbsilp wrote: »

In my experience, most quants are *way* out there on the autistic spectrum........

Nothing wrong with being out there ...... I am.

ruggedtoast

chucknorris wrote: »

Do you really have to be that unpleasant? Why don't you delete your post and I will also delete this one, then there will be no record of your hasty words.

And I will delete this one and then no one will know that it ever happened.

:money:

chucknorris

ruggedtoast wrote: »

And I will delete this one and then no one will know that it ever happened.

:money:

Irrelevant because mystic_trev also quoted his post 2 mins after I did, obviously I was alerting him to how bad his post came across (sometimes people do things rashly but don't mean to be so insulting) so I was giving him the chance to reconsider his post and the opportunity to delete before anyone else quoted.

Out,_Vile_Jelly

My parents are 61 and 62. They didn't buy a house in order to make a massive, gloating profit, but as a family home. They are both from working class backgrounds and I was brought up to view money as something that was earned through actual work, not through inheritance or benefits. Talking about wealth generally was viewed as extremely vulgar. They live very modestly still; viewing Marks & Spencer and Waitrose as high end shopping.

They bought a 4 bed, 3 bathroom detached house with massive garden in a nice Dorset suburb on one engineer's salary. I wonder what kind of local couple will be able to afford it now. I bought on my own without parental assistance, and expect the house I grew up in to pay for any care home fees. An ongoing family joke is that my parents will leave everything to a local cat charity anyway.

My parents view themselves as very ordinary, and would be puzzled to learn they're "super" at anything.

N1AK

thequant wrote: »

It's not all about hard work, but also about having the intelligence to make the right decisions at the right time.

As ably demonstrated by your inability to apply sufficient intelligencebefore banging away on your keyboard. The things you've posted have always beenpretty pathetic, but you're well into blocking territory by now, I only hope you're not as socially inadaquate in person as you are in keyboard warrior mode.

ManofLeisure_2

ladeeda wrote: »

. They all have ..... brilliant white teeth, at least one speed boat and spend their lifes jet-setting.

Yep..

Quite agree, dental implants and veneers are great lol

BobQ

PlymouthMaid wrote: »

I am nearly 52 and am pretty poor. I work in a badly paid professional job but have no disposable income and no pension other than State. As above, many over-50s are far from loaded.

Out,_Vile_Jelly wrote: »

My parents are 61 and 62. They didn't buy a house in order to make a massive, gloating profit, but as a family home. They are both from working class backgrounds and I was brought up to view money as something that was earned through actual work, not through inheritance or benefits. Talking about wealth generally was viewed as extremely vulgar. They live very modestly still; viewing Marks & Spencer and Waitrose as high end shopping.

They bought a 4 bed, 3 bathroom detached house with massive garden in a nice Dorset suburb on one engineer's salary. I wonder what kind of local couple will be able to afford it now. I bought on my own without parental assistance, and expect the house I grew up in to pay for any care home fees. An ongoing family joke is that my parents will leave everything to a local cat charity anyway.

My parents view themselves as very ordinary, and would be puzzled to learn they're "super" at anything.

I can fully identify with that thinking.

I think the point many miss is that over 50s have NOT become wealthy or not wealthy through some kind of ruthless plan to succeed at the expense of another generation. So much of what happens in life is down to luck.

You decide to buy a house and get the benefits of years of low interest rates which your firm promotes you and is successful, or you buy one and suffer through a period of high interest rates, lose your job in a corporate restructuring measure and have the house repossessed.

You struggle on low wage for years but in your 50s both your parents and your spouse's parents who own their homes die and leave you a fortune. Or they all need to go into a care home and that consumes the lot,

Or you get divorced in your 50s, or fall ill and fail to build up a decent pension.

Or you have a mundane job in public sector, for 30 years having opted for security rather than higher pay in a more dynamic one in the private sector and then realise that what seemed like a fairly average pension when you started is now a really good deal that lest you retire at 60.

Or you mortgaged your house to the hilt, started a business and built it up to a point that you could sell at a good value in your 50s and retire, or it all went wrong and you ended up in a housing association flat struggling to pay your debts.

My point is that the over 50s vary greatly. Those who were more qualified got more interesting/responsible jobs, those who took risks may or may not have prospered, those who planned for things may have achieved them or they may not, but a large part of what happened was luck.

Loughton_Monkey

chucknorris wrote: »

Do you really have to be that unpleasant? Why don't you delete your post and I will also delete this one, then there will be no record of your hasty words.

ruggedtoast wrote: »

And I will delete this one and then no one will know that it ever happened.

:money:

chucknorris wrote: »

Irrelevant because mystic_trev also quoted his post 2 mins after I did, obviously I was alerting him to how bad his post came across (sometimes people do things rashly but don't mean to be so insulting) so I was giving him the chance to reconsider his post and the opportunity to delete before anyone else quoted.

Why not delete the whole thread and give us all a break?