Do we need low interest rates?

[sumdumguy]

Our social structure is ****en broken....even worse our family structure is broken....what would be wrong with one parent staying home and raising the kids. But we throw them in some ****en daycare from where they come home sounding and acting like their "caregivers". How many waking hours a week do these impressionable little people see their biological parents?

There needs to be an economic reset for more than one reason.

1.6 kids...**** me.

Everybody wants everything today...young adults buying and trying to pay for homes their parents only hoped to retire into! How do you pay for that? What's next a whole generation of DINK families... "dual income no kids"

Our Western society is a ****en victim of it's own "success"...SARCASM

Who would rather have junk rather than raise their kids ? Guess some do need ‘stuff’ but there are lucky kids who have loving moms at home when they walk in the door! IMHO

[grassfarmer]

The older generation was also poor compared to The now generation.
Yes no care homes back then..now we can afford not be be a burden on our kids and grand kids.
Both husband and wife have good jobs now..compared to the none educated women back then..
What ever floats your boat I guess.

Poorer in $ terms maybe (and that's a big maybe given debt levels today) but were they poorer societally, contentment wise or in terms of family relationships?

[RTK]

Gentpeople we have bigger problems to concern ourselves with than the family unit and how we create economically viable families raising productive kids.

We need an education system that focuses on ensuring our kids learn absolutely nothing and everyone passes regardless of knowledge, effort or attendance.

We need kids sports that performance is not recognized - keeping score can hurt feelings and kids may not try to improve themselves.

We need safe injection sites so we can safely get drugs to our kids - natural selection is unfair.

We need to legalize a gateway drug - this is important to save our kids.

We need to create tougher drinking and driving laws because we have to stop the folks that are responsible and knew that one or two drinks was fine to consume and drive home knowing you were under .08.

We need to protect criminals from dangerous farmers protecting there families and homes.

The RCMP and store clerks are all racist.

We have to ensure all kids remain in the loving homes of “dead beat” useless parents.

We have an unknown number of genders that have to be celebrated and likely should have a special place in our society and likely there own bathroom in all public buildings.

We have to focus on gender representation and not the best person for the job.

We have a carbon tax to get in place to save the planet one tax dollar at a time....

We need to waste tax dollars daily; to build temporary rinks; pay terrorists; educate women in other countries; jet around so we can show off our costumes.

We need to applaud all “me too moments” because women are not able to recognize and put a stop to idiots trying use power or position to compensate for that individuals lack of something. Unless you are a PM then we all need to learn that an inappropriate action can be viewed differently by a women and men.

All this and more and you are worried about how everyday Canadians can live a productive; fulfilling life; raise a family; retire and have a graceful final stages of life.

[GDR]

Gentpeople we have bigger problems to concern ourselves with than the family unit and how we create economically viable families raising productive kids.

We need an education system that focuses on ensuring our kids learn absolutely nothing and everyone passes regardless of knowledge, effort or attendance.

We need kids sports that performance is not recognized - keeping score can hurt feelings and kids may not try to improve themselves.

We need safe injection sites so we can safely get drugs to our kids - natural selection is unfair.

We need to legalize a gateway drug - this is important to save our kids.

We need to create tougher drinking and driving laws because we have to stop the folks that are responsible and knew that one or two drinks was fine to consume and drive home knowing you were under .08.

We need to protect criminals from dangerous farmers protecting there families and homes.

The RCMP and store clerks are all racist.

We have to ensure all kids remain in the loving homes of “dead beat” useless parents.

We have an unknown number of genders that have to be celebrated and likely should have a special place in our society and likely there own bathroom in all public buildings.

We have to focus on gender representation and not the best person for the job.

We have a carbon tax to get in place to save the planet one tax dollar at a time....

We need to waste tax dollars daily; to build temporary rinks; pay terrorists; educate women in other countries; jet around so we can show off our costumes.

We need to applaud all “me too moments” because women are not able to recognize and put a stop to idiots trying use power or position to compensate for that individuals lack of something. Unless you are a PM then we all need to learn that an inappropriate action can be viewed differently by a women and men.

All this and more and you are worried about how everyday Canadians can live a productive; fulfilling life; raise a family; retire and have a graceful final stages of life.

Agree with your statement completely but the sad thing is I think a lot of people would read it and entirely miss your sarcasm and instead take it as a political map to follow.

[AlbertaFarmer5]

Agree with your statement completely but the sad thing is I think a lot of people would read it and entirely miss your sarcasm and instead take it as a political map to follow.

I think some people already did. And some people also voted for them in spite of that...

[furrowtickler]

Has 95 become the New 65 for Retirement?

Blog/America's Economic HistoryPosted Jul 22, 2018 by Martin Armstrong

One of the more interesting downsides of the collapse in socialism is the impact upon the elderly. The data now shows that since the 2007-2009 recession, about twice as many elderly are still working. When interest rates decline,*income from savings collapsed. So while the theory was to lower interest rates to “stimulate” the economy, the central banks have discovered a dark hidden secret — demand-side economics has utterly failed. Saving for retirement has failed. Your house has failed to provide a savings account and states are broke so they keep raising property taxes. Government pensions keep demanding higher taxes to exploit the public so government unions survive. In many states, the promises handed to union workers are bankrupting everything as one of the main benefits was free healthcare for life for the members and their spouses.

Today, a record number of folks aged 85 and older are still working. Most are just trying to supplement losses from tax increases and decreased interest income. States make no accommodation for people when they retire. The property taxes keep rising and that is forcing many to sell their homes even in down markets to try to make ends meet. The youth are finding that their degrees are worthless. More than 60% cannot find employment in what they have worked to get a degree in these days. Even those with a law degree are often waiting on tables. When I was looking for office space in Florida, nearly 100% of the vacant spaces were former law firms. So 85 may be the new 65, but it appears that might*be 95. Justice Kennedy is 81 so even he did not retire at 65. As the*Washington*Post*reported,*some 255,000 Americans who are 85 years old or older were working over the past 12 months.


My biggest fear is instead of 30 yr olds living with their parents.... the parents would be living with the kids. I present this as opinion not fact. Copy and paste should be presented as nothing less then opinion imo

A lot of farms will be fuked if interest goes up 2 %

[Partners]

Interest rate.
When we bought land in 1982.
The fellow we got land from put money in bank and got 16.5% interest..
So multiply your net worth by that number..
Many of us would be retired now..trying to spend the interest.