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Reply #23: Probably because a lot of older Americans have been paying on a house for 20-30 years. [View All]

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MilesColtrane Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-16-11 11:26 PM
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23. Probably because a lot of older Americans have been paying on a house for 20-30 years.
I would bet that most of this wealth is not in government benefits, but in property value.

This author of this article sounds like he wants to incite generational economic warfare and advance a "Cut SS and Medicare" agenda.
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  -Generation gap? About $200,000. dkf  Oct-16-11 09:23 PM   #0 
  - SS/Medicare are going to have to be means tested. Young people can't afford their own care. nt  Romulox   Oct-16-11 09:27 PM   #1 
  - No, no, no.  PETRUS   Oct-16-11 09:47 PM   #8 
     - No, "everyone" is NOT covered. Young people are being asked to pay for others' care  Romulox   Oct-16-11 09:51 PM   #11 
        - Excuse me, but yes, everyone is covered.  PETRUS   Oct-16-11 09:56 PM   #12 
  - Why have you posted a 4 and a half year old article with bogus conclusions?  DURHAM D   Oct-16-11 09:29 PM   #2 
  - Because I can't find more recent data.  dkf   Oct-16-11 09:34 PM   #3 
  - Your bogus conclusion -  DURHAM D   Oct-16-11 09:36 PM   #4 
  - Well that is my experience.  dkf   Oct-16-11 09:44 PM   #5 
  - While yes, some seniors made a lot of money  zalinda   Oct-16-11 09:46 PM   #7 
     - I was laughing at an article that said gen x was going to be the richest generation...  dkf   Oct-16-11 09:57 PM   #13 
  - You are free to find your own data and refute this article.  dkf   Oct-16-11 09:44 PM   #6 
  - Here is CNN's net worth calculator.  dkf   Oct-16-11 09:49 PM   #10 
     - Dup.  DURHAM D   Oct-16-11 11:10 PM   #20 
     - When was that chart created? I would guess before 2009.  DURHAM D   Oct-16-11 11:13 PM   #21 
  - Interesting, but beside the point if one is aimed at solving problems. nt  PETRUS   Oct-16-11 09:49 PM   #9 
  - We are less than happy with the wealthy til we realize they are the older generation.  dkf   Oct-16-11 10:07 PM   #14 
     - I think you're projecting.  PETRUS   Oct-16-11 10:16 PM   #16 
     - If we were only talking about taxing the top 0.1% that would make sense.  dkf   Oct-17-11 01:18 AM   #24 
        - The tax code should be more progressive, yes.  PETRUS   Oct-17-11 01:27 AM   #25 
     - LOL  Cal Carpenter   Oct-16-11 10:16 PM   #17 
  - Describes my old man.  BiggJawn   Oct-16-11 10:12 PM   #15 
  - What bullshit. It's class conflict. Period  leftstreet   Oct-16-11 10:18 PM   #18 
  - It is indeed. nt  PETRUS   Oct-16-11 10:31 PM   #19 
  - Lord have mercy  Aerows   Oct-16-11 11:21 PM   #22 
  - Probably because a lot of older Americans have been paying on a house for 20-30 years.  MilesColtrane   Oct-16-11 11:26 PM   #23 
 

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