The South remains the largest gainer in migration.

[SC Maintenance]

It is 25 miles to the nearest one for me and I like it that way.

It was once inconvenient to live in a county in which I could not buy a pair of jeans in...but with the advent of online ordering a little pre-planning goes a long way.

I grew up about 30 minutes from a small town K-Mart. My wife was about an hour to anything other than a small town grocery store. She won't do it now because I travel for work too much - she doesn't feel comfortable out in the sticks alone. Its not like the old times. If I were home every night it might be a different story.

I might move into the city now that I don't care about schools. We have done Suburbia now for a while, but since the kids are grown it seems to be the worst of all worlds. Not particularly close to anything, not particularly private.

 

[BMWTurboDzl]

I grew up about 30 minutes from a small town K-Mart. My wife was about an hour to anything other than a small town grocery store. She won't do it now because I travel for work too much - she doesn't feel comfortable out in the sticks alone. Its not like the old times. If I were home every night it might be a different story.

I might move into the city now that I don't care about schools. We have done Suburbia now for a while, but since the kids are grown it seems to be the worst of all worlds. Not particularly close to anything, not particularly private.

5 E Battery St has you're name on it.
https://www.zillow.com/homedetails/5-E-Battery-St-Charleston-SC-29401/305380797_zpid/

 

[alarmguy]

…

Anyway, I realize you will never be convinced, but I am guessing there are plenty of smart people currently trying to figure out how to not starve to death in N. Korea, and I know plenty of older people here that have lots of money for doing nothing special. It’s the way of the world and always has been.

yeah, it’s called freedom and it’s the way of the United States of America.
Your life is what you make it and no one else is responsible for you.
Even your characterization of people that “have lots of money for doing nothing special.” I would say that’s a bunch of baloney. I would say those people with lots of money, made intelligent decisions throughout their life.
They did do something special, the accumulated wealth!

But even so, what gives one the right to discredit other people who have money in a free country?

 

[GON]

yeah, it’s called freedom and it’s the way of the United States of America.
Your life is what you make it and no one else is responsible for you.
Even your characterization of people that “have lots of money for doing nothing special.” I would say that’s a bunch of baloney. I would say those people with lots of money, made intelligent decisions throughout their life.
They did do something special, the accumulated wealth!

But even so, what gives one the right to discredit other people who have money in a free country?

What would your and many others financial position be today if the US wasn't running a debt and deficit? I certainly don't know.

I would ask this as a question to ponder. I give you and five million other Americans a 50-million-dollar credit card limit. You don't ever have to pay it back. You can do with the money whatever you want. Buy boats, by land, give healthcare to needy children throughout the world. Only thing, you can't leave more than $50 million USD to your heirs.

But- your heirs starting in 2045 MUST pay back the 50 million dollars. And interest is accruing on that $50 million, so when payback starts your heirs owe $350 million USD.

 

[SC Maintenance]

But even so, what gives one the right to discredit other people who have money in a free country?

You are the one saying younger people didn't work hard enough or wasted there money. Thats very personal and directed and not founded in facts.

I simply responded to someone else that "Gen X can't afford to retire" thats pointing to macro economic statistics regarding savings rates across generations. Obviously many Gen X are very well off - like the world's richest man. But as a demographic they are significantly less wealthy than the boomer generation, hence they won't have the flexibility to retire as a group that boomers did. I have the right (at the pleasure of the site owner really) to post facts.

One generation is not smarter or dumber than the other, and smart people are not lazy. So when an entire generation is significantly poorer, its environmental. Just like entire generations of people that were born in places like Argentina are significantly poorer than those born in the US.

I do in fact know tons of people who were born into money or simply were presented with opportunities others were not offered and hence did nothing special. I also know tons of people who made it on their own. Hard work is great but a lot of good timing was involved - so I have been told by some rich people - guys worth 8 figures and likely more in one case.

https://money.com/wealthiest-generation-baby-boomers/

"How boomers got so rich, Allianz’s analysis shows, has less to do with financial prudence and more to do with the luck of the draw.

“A unique historical situation — strong economic growth, affordable housing markets and booming equity markets — allowed them to build up a handsome fortune,” Allianz researchers wrote."

 

[alarmguy]

What would your and many others financial position be today if the US wasn't running a debt and deficit? I certainly don't know.

I would ask this as a question to ponder. I give you and five million other Americans a 50-million-dollar credit card limit. You don't ever have to pay it back. You can do with the money whatever you want. Buy boats, by land, give healthcare to needy children throughout the world. Only thing, you can't leave more than $50 million USD to your heirs.

But- your heirs starting in 2045 MUST pay back the 50 million dollars. And interest is accruing on that $50 million, so when payback starts your heirs owe $350 million USD.

I have no clue but with without thinking too deeply into it I think we would be better off today if we elected fiscally responsible public servants.

As best as possible I have voted against government debt as long as I was eligible to vote.

The only hope for the young generation is we stop borrowing and outgrow the debt. HOWEVER the majority of Americans don’t care and either do the young voters of which have the lowest participation rate in our voting process

As far as your 50 million dollar question the interest is being paid but not the principle (if your question pertains to the national debt) so inflation and GDP growth would determine how relevant that $50 million is.

Just like our national debt if we could just stop borrowing money one day in a very long time, it would be insignificant with the growth of our GDP and inflation.

With that said, what we owe is absolutely insane.
I was against the borrowing throughout the 2000s including the financial crisis and I still am now.
Heck, I was all for the president who actually dealt with the national debt and got it down to zero many decades ago.

I think we would be in much better shape if we were forced to live within our means nor would we have $1 trillion worth of interest payments every year and climbing.

Maybe you were aware of that?
Problem is the public doesn’t care until they feel the pain and very well maybe too late by the time they do however I didn’t vote for it so I roll with it

 

[alarmguy]

You are the one saying younger people didn't work hard enough or wasted there money. Thats very personal and directed and not founded in facts.

I simply responded to someone else that "Gen X can't afford to retire" thats pointing to macro economic statistics regarding savings rates across generations. Obviously many Gen X are very well off - like the world's richest man. But as a demographic they are significantly less wealthy than the boomer generation, hence they won't have the flexibility to retire as a group that boomers did. I have the right (at the pleasure of the site owner really) to post facts.

One generation is not smarter or dumber than the other, and smart people are not lazy. So when an entire generation is significantly poorer, its environmental. Just like entire generations of people that were born in places like Argentina are significantly poorer than those born in the US.

I do in fact know tons of people who were born into money or simply were presented with opportunities others were not offered and hence did nothing special. I also know tons of people who made it on their own. Hard work is great but a lot of good timing was involved - so I have been told by some rich people - guys worth 8 figures and likely more in one case.

https://money.com/wealthiest-generation-baby-boomers/

"How boomers got so rich, Allianz’s analysis shows, has less to do with financial prudence and more to do with the luck of the draw.

“A unique historical situation — strong economic growth, affordable housing markets and booming equity markets — allowed them to build up a handsome fortune,” Allianz researchers wrote."

We are at polar opposites on how we see economy, and the different generations. Obviously.

Pertaining to your particular position and as well my particular position
I don’t need news stories or quotes from publications

I have been in thousands of American homes in the state of South Carolina, Georgia, North Carolina and Long Island, New York.

I see how people live and the struggles some face yet I look at the possessions, and I see countless wasted money all the time.

My parents didn’t live that way and I wasn’t raised that way. You purchased what you could afford without taking loans.
As a young couple when they purchased their first home, there was one piece of furniture in the living room until they saved and bought more.
The accumulated wealth by living within their means. No one handed them anything for free.

In my last post to you, I said I was no longer going to reply nor debate the subject, but just wanted to throw this out there.

As a free individual life is what one makes it within the system. Along with the privilege to at least vote their conscience.

They don’t need social media, news media stories to make them feel like they’ve been cheated. It’s those stories that the companies make money on and an excuse for people not to pick themselves up learn that what they do in this world is up to them instead of listening to Internet link telling them life was unfair to them

 

[BMWTurboDzl]

We are at polar opposites on how we see economy, and the different generations. Obviously.

Pertaining to your particular position and as well my particular position
I don’t need news stories or quotes from publications

I have been in thousands of American homes in the state of South Carolina, Georgia, North Carolina and Long Island, New York.

I see how people live and the struggles some face yet I look at the possessions, and I see countless wasted money all the time.

My parents didn’t live that way and I wasn’t raised that way. You purchased what you could afford without taking loans.
As a young couple when they purchased their first home, there was one piece of furniture in the living room until they saved and bought more.
The accumulated wealth by living within their means. No one handed them anything for free.

In my last post to you, I said I was no longer going to reply nor debate the subject, but just wanted to throw this out there.

As a free individual life is what one makes it within the system. Along with the privilege to at least vote their conscience.

They don’t need social media, news media stories to make them feel like they’ve been cheated. It’s those stories that the companies make money on and an excuse for people not to pick themselves up learn that what they do in this world is up to them instead of listening to Internet link telling them life was unfair to them

IMO one of the largest differences between generations in the US is the degree of foreign competition for labor. Why pay an American $150k when an offshore placement firm can for the same price import 2 workers on H1B visas.

I've personally seen couples in country on H1B where both have FT jobs working at home but the husband is working 2 FT jobs. Since they're working contract the clients of the placement agency are unaware. Of course mother-in-law has also been brought over to the US and is helping take care of the kids. Native workers aren't willing or are unable to do that. I come across this scenario time and time again.

 

[02SE]

IMO one of the largest differences between generations in the US is the degree of foreign competition for labor. Why pay an American $150k when an offshore placement firm can for the same price import 2 workers on H1B visas.

I've personally seen couples in country on H1B where both have FT jobs working at home but the husband is working 2 FT jobs. Since they're working contract the clients of the placement agency are unaware. Of course mother-in-law has also been brought over to the US and is helping take care of the kids. Native workers aren't willing or are unable to do that. I come across this scenario time and time again.

At one time I belonged to an organization of young business owners. All of whom were born in the USA. Most of them started their own business with money they had saved from working for others, and an idea. Pretty much every single one of them were workaholics. They missed weekends, birthdays, holidays, anniversaries, etc., because they were working their butts off to first of all not starve, secondly to hopefully become financially secure. The last I heard every single person in that organization was successful in building a secure future for their families.