Baby Boomers Are Leaving The Workforce To Live Their Best Lives In A Silver Tsunami ‘Great Retiremen

This baby boomer retired at age 55 and never looked back.

 

no. of course, not lol but I will , we will not be off grid, but the power goes out often

 

My only experience with wind power is in Palm Springs where the windmills provide most of the power. The windmills are an eyesore for miles along the highway driving in. It used to be so beautiful.

 

Do it soon, because you could be looking for property in locations where neither wind nor solar will work efficiently. The wind maps are very interesting, but they take a little understanding. They're not quite as simple as 'wind speeds of x, 300 days a year', unfortunately.

 

Oh yeah, those ones aren't pretty. Have you seen roof top turbines for buildings though? Very different proposition.

 

Yeah, I'm out as well. I don't have the means at the moment, but I intend to retire early and live a simple, rural lifestyle. Self sufficient. Not dependent on bureaucrat regulated employers, beyond the reach of law enforcement.

Should rob the bureaucrats of a few hundred thousand dollars of tax over my lifetime. I encourage all to consider the same, there are good arguments for doing so from both the left and right.

 

My wife is a CPA/EA/tax attorney. She says that the folks who make tax law did so with the goal of not paying any taxes themselves. All you have to do is be as smart as they are and you don't have to pay either. Well... always pay 2%-4% so no red flags crop up.

 

The sole function of a corporation is to generate profits for share-holders. They have a moral and ethical duty to do that, not to mention a legal duty to do that.

The function of a corporations is not to employ people. If a corporation can generate profits without employing anyone, then that is what it should do.

If you have an issue with publicly-traded corporations, then your time would be better spent discussing it with your State legislature and not whining like a sissy on some forum, because only your State legislature can authorize/create corporations.

Obviously, for corporations formed in another State, that would pose some difficulties for you.

The evidence does not bear that out.

Had you bothered to read the publications by the Bureau of Labor Services that your tax-dollars pay to publish, then you'd know that from 1998 through the present, the BLS has repeatedly stated that 2 out of 3 jobs "created" through 2035 would be "created" by retiring Boomers.

Had you bothered to read the publications of the Social Security Administration that your tax-dollars pay to publish, then you'd know that in November 2019, there were 47,149,000 persons age 65 and older receiving retirement benefits.

https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/2019-11.html

You'd also know that in November 2021, there were 49,356,000 persons age 65 and older receiving benefits.

And, you'd know that's a nothing-burger.

You'd also know that, according to BLS, in November 2020, there were 100,617,000 Not in Labor Force and as of November 2021, there were 99,930,000 Not in Labor Force, but STUPID-19 might skew the data.

Accordingly, we'd look to a better measure that will give us a clearer picture of what is actually happening.

The E-Pop Ratio is 59.5% which is what it was November 2016. It reached 60.0% in March 2017 and peaked at 61.2% in October 2019.

Note that prior to 2007, it averaged 64%-65%.

The suggestion that Boomers are leaving due to STUPID-19 only to shop, travel, party and hang out with family and friends who are working is, well, bizarre to say the least.

 

Us baby boomers have paid off mortgages,healthy 401ks,nice savings accounts,pensions and many more perks.What we are concerned about most is the younger workers being able to pay our social security.Hopefully they will manage a way to pay it.

 

You seem to be trying to contradict something I didn't say. I didn't claim that the labor shortage is due solely to retirements, only that it's a major factor. And I'm unclear how social security numbers for over 65 year old retirees contradict this, since I don't think retirements due to the lock down were among the 65 and older crowd, but people younger than that. Probably the early 60's and late 50's crowd, so I think retirements could be a major factor in trucking to name one, and retirements would be almost non existent in other fields, like bar and restaurant work.

Also, "The suggestion that Boomers are leaving due to STUPID-19 only to shop, travel, party and hang out with family and friends who are working is, well, bizarre to say the least." That is an irrelevancy. You are trying to conflate people who lost their jobs due to the lockdown and people who fled the workforce out of hysterical fear of the virus.

 

I intended to retire at 65 from the day I started working at 18, just like my own dad did. The China Virus had no more to do with that than the Superbowl.
By the way, I contributed three new workers to the pool. One a lawyer, two daughters in the medical profession.

 

No I don't have an "issue", and your comments to not disprove what I said. When I said they are greedy, I was merely stating a fact. That is the nature of the beast, but I agree their goal is to always generate profits. I accept that as a fact of life, and as a 401K investor it benefits me too, but that doesn't mean it didn't suck when I watched 95% of my co-workers get replaced by people in India.

No, that it totally incorrect. I live in Florida and work for a corporation that was created in Rhode Island and our office is in Texas. My wife works for a corporation created in Holland.

Corporations are greedy by nature, and people can acknowledge that and yet work for them for mutual benefit. Calling things for what they are is not whining.