Skinflint Boomers

[Yellowtail]

1) I have no fear of outliving my money. 

 

2) I don't care much about leaving much to my heirs. 

 

3) I do not stay at home any more now than I did pre covid.

 

4) I do have too much cr*p, but I'm looking for a bigger house. 

[Maybole]

11 hours ago, Hanuman2547 said:

Perhaps skinflint boomers are a product of their parents who grew up during the Great Depression era of the 1930's.

I agree, My Maw and Paw endured the great depression as children and the 2nd World War as young adults. These imprinted a fear of running out of funds for the rest of their lives. Furthermore Grandchildren at university are expensive if you do not want to let them run up a large debt.

[Dexxter]

On 6/23/2024 at 4:49 PM, Prubangboy said:

 

1) fear of out-living their money due to increased life spans

 

2) wanting to leave money to their heirs

 

3) stay-at-home habits from Covid are sticking

 

4) oldies feel glutted with possessions and want no more

 

 

I fall under all four reasons. I even did #3 well before covid appeared.

I do, however, spend a HEAP of money on my Thai partner.

[Dexxter]

On 6/23/2024 at 8:06 PM, Lacessit said:

Comparing Thailand with the Western world, it is blindingly obvious the cost of housing, food and services have inflated far less here.

 

I agree. I have rented the same condo in Bangkok for the past 9 years and the rent has remained the same at 17000 a month all that time. Maybe I have a good landlord. In the meantime I have 2 properties in my home country and I have increase the rent there almost every year to keep up with costs and maintain my standard of living.

[Dexxter]

17 hours ago, Rumpelstilskin said:

Longer life spans like living into one's 90s or 100s in high income countries seems to be a happening thing. So work longer;  don't smoke/vape/eat crap or binge Netflix. Get a dog, you'll live 8-9 years longer than average.  

 

You call THAT a dog? 5555555555555

[georgegeorgia]

1 hour ago, Dexxter said:

 

I fall under all four reasons. I even did #3 well before covid appeared.

I do, however, spend a HEAP of money on my Thai partner.

So your more a "home body" ?

 

Nothing wrong with that , even I prefer the comfort of home instead of going out much.

 

This weekend for example I will have to stay home to read over the Australian Government privacy Laws and the finance budget  ,not for any particular reason but these are all new ones apparently 

[Rumpelstilskin]

On 6/24/2024 at 8:54 AM, susanlea said:

How do you travel with a dog?

You're right, not for long trips, but every week to the post office and daily jaunts around the hood.

[GammaGlobulin]

I do not wear bloomers.

 

[retarius]

Me, glutted with possessions. Useless stuff I have totally stopped buying but the mrs still does.

[StreetCowboy]

On 6/23/2024 at 2:49 PM, Prubangboy said:

-So says The Economist. This generation of pensioners is not spending nearly as much as past generations. 10% less, and it's lowering inflation and interest rates as that unspent cash rolls over into savings.

 

Reason:

 

1) fear of out-living their money due to increased life spans

 

2) wanting to leave money to their heirs

 

3) stay-at-home habits from Covid are sticking

 

4) oldies feel glutted with possessions and want no more

 

Are you a net-saver well into retirement? Why? Which reason above affects your spending?

 

Me first: I spend about 70% of my monthly allotment. The rest is re-invested.

 

I expect to live for about 15 more years (no $$$ prob). No heirs. I eat out in a nice Nimman restaurant for my main meal every day.

 

I ran out of stuff to buy (I have 16 nice polo shirts). I splurge a little on travel (premium economy flights these days) and I give a bit away.

 

-And how has living in cheap Thailand affected your spending? I go to the doctor at the drop of a hat now that it's only 500 baht for the office visit.

Back in the day, pensions were paid by the government / public out of other people's current earnings.  Since about the 1980s / 1990s, people are expected to have saved and invested their own pension funds.  

[still kicking]

18 hours ago, GammaGlobulin said:

I do not wear bloomers.

 

I guess nappies.

[GammaGlobulin]

16 minutes ago, still kicking said:

I guess nappies.

 

Best comment, so far, this month.

 

Gave me a HUGE chuckle, in fact.

 

But, fortunately, not there, yet.

 

Maybe soon, though.....and....

 

I will let you know when it happens.