Reply #6: the extra sad part is that, by taking early social security, he has [View All]

[SoCalDem]

agreed to take even LESS than he deserves, and only because he cannot find decent paying work..

There are lots of boomers in a similar position.. They are late 50's early 60's and are used to having a "family-supporting" job, and now they find themselves as "part-timers" or "reluctant retirees", just as lots of them have kids entering college..

Remember...we were the generation who were told that we should concentrate on careers, and NOT start families so young...(There would be plenty of time for kids...and by then we would be financially secure).. The joke is on us...and our kids..

This carries into the next generation folks..

Imagine a family of 4..Mom, Dad 17 yr old and 18 yr old..

Suppose that Dad makes $50K and Mom makes 20K.. Let's say they still owe on the house they bought to raise their kids..

Dad loses his job when the company "relocates".. The job market for $50K 59 yr olds is ZIP/NIL/NADA/ZERO...

So just as the kiddos are ready to start college, the family is reduced to 29% of the income they are "used to".. These kids, will most likely NOT finish college, even if they do manage to go..

So the next generation is being damaged by the Bush economy..not just Mom & Dad..