Well, it seems like our generation faces a pretty big problem in case you guys hadn't noticed. Due to the Baby Boomers generation, a crapload of geezers are going to be retiring in the next 10 years. With this, they will be of course all taking their retirement money from all these finantial institutions (banks). But if you thought that their retirement money is the same money they contributed, you are very mistaken. The money they will be taking is the money WE are contributing now. In the same fashion, when we retire, we will be taking the money those little annoying kids will be contributing. The only difference is that because there so many Baby Boomers (after WWII everybody went buckwild screwing around the world), they will be taking so much money that little will be left in our retirement funds...of course that doesn't mean our RRSP's will disappear, but the government will likely start introducing benefit cuts on its retirement plans. So there's 2 solutions. We either go buckwild having babies as the Baby Boomers did, or we start killing geezers, or else there goes my party boat when I'm 50....
Well, it seems like our generation faces a pretty big problem in case you guys hadn't noticed.
Due to the Baby Boomers generation, a crapload of geezers are going to be retiring in the next 10 years. With this, they will be of course all taking their retirement money from all these finantial institutions (banks). But if you thought that their retirement money is the same money they contributed, you are very mistaken. The money they will be taking is the money WE are contributing now. In the same fashion, when we retire, we will be taking the money those little annoying kids will be contributing.
The only difference is that because there so many Baby Boomers (after WWII everybody went buckwild screwing around the world), they will be taking so much money that little will be left in our retirement funds...of course that doesn't mean our RRSP's will disappear, but the government will likely start introducing benefit cuts on its retirement plans.
So there's 2 solutions. We either go buckwild having babies as the Baby Boomers did, or we start killing geezers, or else there goes my party boat when I'm 50....
I'M SURE YOU HAVE NOTICED THE AMOUNT OF PEOPLE THAT ARE POPPING KIDS LEFT, RIGHT AND CENTER IN TORONTO WITHIN THE PAST 2 YEARS (AND NEXT YEAR WILL BE JUST AS BAD).....
DO YOU THINK THE SAME THING IS HAPPENING ALL OVER THE WORLD ALSO?
AND THE MAJORITY ARE UN-WED PARENTS......NOT THAT I MATTERS GREATLY.... BUT WHAT DO YOU GUYS THINK OF THIS......AND HOW WILL THIS AFFECT THE CHILDREN 10 YEARS FROM NOW......
WHAT BUSINESS DO YOU THINK WILL ALSO BOOM FROM THIS SITUATION?
