Pensions are an unsustainable mistake in almost all instances.

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Apr 15, 2023
10:46:14pm

CSoul All-American

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CSoul

Previous username: tsm26
Bio page: CSoul
Joined: Nov 20, 2005
Last login: Sep 20, 2024
Total posts: 68,984 (14,669 FO)

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Messages

Author

Time

IMO, people today are much better off financially than previous generations

stenso

4/15/23 10:25pm

Fewer real pensions also.

Archaea

4/15/23 10:29pm

I like that I own my 401k

paulb

4/15/23 10:39pm

Not as good as a defined benefits pension.

Archaea

4/15/23 10:45pm

Pensions are an unsustainable mistake in almost all instances.

CSoul

4/15/23 10:46pm

<< Deleted >>

demon_llama

4/15/23 11:09pm

Every time I hear that word, it reminds me of Illinois, where I lived for 15 years

Colorado

4/15/23 11:23pm

I disagree, my state pension is amazing. 20 years in the dungeon and I’m living

jazzfan1232

4/16/23 12:38am

Yes it’s great for you. But unsustainable for the payor…

OKchief

4/16/23 1:44am

The issue is a combination of over promising and under funding. Illinois is a good example of both problems. The state

Colorado

4/16/23 6:28am

Guess they should have thought of that before becoming the payer

demon_llama

4/16/23 7:09am

They have. That’s why db plans barely exist now

OKchief

4/16/23 8:37am

Exhibit A: Typical Boomer.

Shore10

4/16/23 12:06pm

Definitely not a boomer.

jazzfan1232

4/16/23 2:55pm

We can never know. No state or company ever

Archaea

4/16/23 5:25am

I love my pension. It was worth the years of work.

Pergamino

4/16/23 7:54am

I love that I have both. It meant staying at the same company for 30+ years, but looking back it was so worth it

Zenoch

4/15/23 10:54pm

I give this a BIG thumbs up!

lbmango

4/16/23 9:31am

Imy new gig has a state pension, no 401k. I hope its around when I need it.

Backcountry

4/16/23 8:42am

True.. though I’ve gone from 2.5 acres to 1 to 0.5 and each change has

cougfanz

4/15/23 10:32pm

Truth. For some yard work is just work. There are better ways to spend your time

Hyrum in Houston

4/16/23 7:13am

Same, but took one more step

deljdc

4/16/23 8:34am

Lots of open land still all over the US. Just gotta leave the moun’uhns

WDaddy

4/15/23 10:32pm

Today’s world is more expensive to live in.

BlooCoog

4/15/23 10:33pm

I had a 9.5 acre lot 8 years ago. Bought a .5 acre lot one year ago for double

IGotAverageGifs

4/15/23 10:42pm

I have 10 acres of land and will get a pension soon

Idacoug

4/15/23 10:43pm

Thoughts on solar panels?

Q-grr

4/16/23 12:34am

They make sense simply because of

drbear

4/16/23 6:35am

I have them on my current house. I love them but don’t think they would make

Idacoug

4/16/23 7:30am

I'm in Eastern Washington and with the state

drbear

4/16/23 8:25am

What about the cost of tuition?

TNT

4/15/23 10:44pm

And the value of said education

johnnybyu

4/15/23 10:47pm

Looks like it's stayed relative the same over the years

CSoul

4/15/23 10:49pm

You realize that only goes to 2010

TNT

4/15/23 10:51pm

I mean it has to bake out so you can't have it up to this year. Not some oversight.

CSoul

4/15/23 11:54pm

Sorry. TNT is just angry he couldn't get into BYU

TNT

4/16/23 12:25am

Maybe the tech world doesn't really care about college degrees once you get a

johnnybyu

4/15/23 11:17pm

Only some people say it doesn't matter up on stage to be provocative but the FAANG companies still employ the most

CSoul

4/15/23 11:56pm

To be clear, I believe current University education is too expensive, but it still has a ton of value.

CSoul

4/16/23 12:02am

How much was homeschool tuition TNT?

Zoobieman

4/16/23 7:42am

But more diverse work options are spreading out the population a little more.

dYrtbYkerYder

4/15/23 11:28pm

I grew up on a .25 acre lot in a subdivision. I now live on 2 acres in a rural neighborhood.

cheezedawg

4/15/23 11:35pm

Cool story.

Shore10

4/16/23 12:07pm

I disagree. A family used to be able to have a home, cars, etc…off one income.

idcougarfan

4/16/23 5:24am

And the generation 50 years ago could talk about how much cheaper it was in 1925

Acorn

4/16/23 6:44am

When we talk about things being cheaper, we don't mean dollar amounts.

rtNelson

4/16/23 7:15am

Yep. Just like 1925 versus 1975. That was my point.

Acorn

4/16/23 7:22am

Would any self-respecting student live in 1970s-like digs or go to ‘70s college?

BYU'01

4/16/23 7:02pm

But there was a reason so many families only had one wage-earner at home. Women

Japan Coug

4/16/23 11:10am

Two family incomes have doubled the workforce

my4boys

4/16/23 1:19pm

Except it isn’t a fixed-size pie. Adding more women to the workforce has also

Japan Coug

4/16/23 1:27pm

A few things: We have changed the definition of needs. Housing/land has become

SoBlueitHurts

4/17/23 12:17am

Disagree with starter homes. My first home 33 years ago was a

Acorn

4/16/23 6:30am

A quick google search netted me this.

rtNelson

4/16/23 7:12am

You forgot to Google interest rates. Look at the entire decade.

Acorn

4/16/23 7:18am

The part that gets ignored in those numbers is the location of homes. As time goes on, new builds have to be in less and

Odysseus

4/16/23 7:35am

30 years ago my cousins bought in Riverside because they couldn’t

Acorn

4/16/23 7:52am

I agree, but with population growth there’s no way around it. The US has 100 million more people today than in 1980

Odysseus

4/16/23 7:22am

Unless you want a house, education, or healthcare for children it's great. Cheap

vagabonder

4/16/23 7:30am

Older, established CBers telling Millennials and Gen Z dealing with record

CougarTailDevourer

4/16/23 9:58am

I am purchasing 18 acres in Metro Atlanta (south side) and

my4boys

4/16/23 10:29am

Shrinking yards are a function of larger population numbers, not bad policy

NYC and Japan

4/16/23 9:24pm

I see it as a function of: a) price trade-off of bigger house vs larger yard; b) Lack of desire to maintain a yard c)

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