Comments on: Have Baby Boomers Permanently Changed their Spending and Saving Habits?

By: Bob Holvenstot

Bob Holvenstot — Sat, 09 Jan 2010 16:45:06 +0000

The American people have decided that they would rather be sick than well. We should embrace this and build our economy around it instead of fighting it. Build more medical schools and hospitals. Instead of health care dominating just 26 per cent of our economy lets shoot for 40 or 50 per cent. With a medical/industrial complex like that we can attract sick people from all over the world to come to our hospitals for treatment (as now come from Canada). That would be one way to get some of those U.S. dollars that are trapped in the “global economy” back into our domestic economy where they belong.

Same with the criminal justice system. Embrace the rampant criminalty of our people and make it a mainstay our our economy. Build more prisons, train more enforcement personel.

The “economy” is what we do with our time and resources. If we are going to be a nation of sick people and crooks lets make the most of it and build our economy around it.

By: sandra pickruhn

sandra pickruhn — Thu, 22 Oct 2009 15:06:04 +0000

If we could only get this heath insurance business under control. I can’t tell you how many people I know could still retire on schedule if they would not have to pay sooo much for health insurance. Just think of the jobs that would open up then! When you have a prexisting condition forget about affording insurance.

By: John DeFlumeri Jr

John DeFlumeri Jr — Sun, 04 Oct 2009 19:49:36 +0000

The boomers often don’t believe there is a future,some of them think they’ll drop dead before retirement.

By: Bobby

Bobby — Sun, 27 Sep 2009 18:57:54 +0000

I think boomers have really tightened their belts since the recession. They have been given a reality check where finances are concerned and I think they are really taking more notice how every penny is spent. I also think they are more likely to start thinking about retirement security and are begining to take planning for the future seriously.

By: Brian

Brian — Sat, 26 Sep 2009 16:31:58 +0000

I saw the same survey results, but what I think is missing in the second set of questions is whether or not the person either has had their income cut, lost a job, or income levels were the same. I think the resuts tell us more if people’s income in 2009 and as they see it into the future is the same or increasing, if it is and people are working to decrease debt, increase investing etc, thats fantastic.

On the other hand, if income is going down, or people are still fearful of their job, they will of course behave one way, but that doesn’t tell us much about the “new normal”.

I hope everyone is “living within their means”, saving for retirment, paying down appropriate debt, and improving their cash managemnt, regardless of situation, but I also home those that can do that and have discretionary income, do spend it…so that we all benefit.

Just adding some thoughts to this great discussion.