No. of Recommendations: 17
Ironically, the rate of poverty for those 18 and under is nearly twice that for those over 65.

Furthermore, the poverty rate for white old farts is even lower. See above.

Age has been shown to be positively correlated with both wealth and income


Although there may be downsides to old age, those 62 and older can take heart in knowing that the odds are in favor of them being wealthier than younger people. And the gap has widened considerably in the last quarter century - in favor of old people.

Maybe it’s just me, but it appears those who are for tax cuts for the wealthy, as a general rule, tend to be older. I don’t see a lot of millennials on the tax cut bandwagon.

Hell, the minute you leave the workforce, you get an immediate 7.65% tax cut. If you have qualified dividends/long term capital gains, you’re taxed at a 0 rate if you stay below what is now the 22% marginal rate.

Those complaining about taxes are mostly old white people, who, ironically, are taxed more lightly than others and who are far more likely to be Republican.

Had I known at a younger age how lucrative it was to be old, I’d have gotten older sooner. OTOH, I still wouldn’t be a Republican.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.