If they ran this survey in August 1986 I bet the results would've been the same. Back then I remember many boomers were saying they would never be able to retire.
I worked with a guy who would go on a family vacation every year (sometimes twice a year) and put it on his CC. He was still paying for vacations that were 4 or 5 years ago. I've always wondered what his cost for the vacations were when he took them and the actual cost paying them off for months and months and months. He always complained wasn't paid enough.
I'm old enough to remember when "establishing credit" was drilled into us when we turned 18 in the 1970s. That was before they were passing out credit cards like Halloween candy. We were instructed not use the card if we had no intention to pay it off fully by months end. I never could understand why anyone would go into credit card debt. I know people who went on vacations they couldn't afford and slapped it on their card, the vacation is over and they end up paying for that vacation twice over for years. I also believe that hearing people have to go into credit card debt to meet their basic needs is a bunch of crap.
So if they adopt to freeze COLA increases, I wonder if they will also freeze increases to the standard monthly premium for Medicare Part B. Sardonically, Probably not!
Comments
I have always said that once you reach your 60s you should make an appointment with a cardiologist.
Post: On Being a “Healthy” Person
Link to comment from September 9, 2026
The only reason I am still in NYS is because my kids and grandkids are here.
Post: The best state to retire? Take a close look.
Link to comment from September 3, 2026
There is no state tax on public pensions in NYS, but they do tax private company pensions. (as ordinary income) That seems totally unfair.
Post: The best state to retire? Take a close look.
Link to comment from September 3, 2026
If they ran this survey in August 1986 I bet the results would've been the same. Back then I remember many boomers were saying they would never be able to retire.
Post: A bleak picture for retirement in the future?
Link to comment from September 2, 2026
VHS tapes, DVDs, CDs and CD players, old collectibles that I thought would be valuable, old IPODs, useless exercise equipment - and much more.
Post: Make the Attic Great Again
Link to comment from September 1, 2026
I worked with a guy who would go on a family vacation every year (sometimes twice a year) and put it on his CC. He was still paying for vacations that were 4 or 5 years ago. I've always wondered what his cost for the vacations were when he took them and the actual cost paying them off for months and months and months. He always complained wasn't paid enough.
Post: Americans and their credit cards
Link to comment from August 25, 2026
No credit card company would give you a $70K line of credit without excellent credit, high income, and substantial assets.
Post: Americans and their credit cards
Link to comment from August 25, 2026
I'm old enough to remember when "establishing credit" was drilled into us when we turned 18 in the 1970s. That was before they were passing out credit cards like Halloween candy. We were instructed not use the card if we had no intention to pay it off fully by months end. I never could understand why anyone would go into credit card debt. I know people who went on vacations they couldn't afford and slapped it on their card, the vacation is over and they end up paying for that vacation twice over for years. I also believe that hearing people have to go into credit card debt to meet their basic needs is a bunch of crap.
Post: Americans and their credit cards
Link to comment from August 25, 2026
So if they adopt to freeze COLA increases, I wonder if they will also freeze increases to the standard monthly premium for Medicare Part B. Sardonically, Probably not!
Post: Short term and long term Social Security planning
Link to comment from August 4, 2026
We are living in 2026 not 1966. It might be time to eliminate the spousal benefit.
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from July 19, 2026