A Message From Lucianne  







S-G1




























ST-GC


   
 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


At 61 She Lives in Basement
While 87-Year-Old Dad Travels

Bloomberg.com, by Carol Hymowitz

Original Article

Posted By:mabel normand, 12/18/2013 12:48:30 PM

Eighty-seven-year-old Lew Manchester has just returned from a three-week trip touring Buddhist temples in Laos and cruising the Mekong Delta in Vietnam. His 61-year-old daughter Lee lives year-round in the basement of her friend’s Cape Cod cottage, venturing into the winter cold to get to the bathroom. Lew is making the most of his old age. Lee is paring back and lightening her load as she looks ahead to her later years. Both worked all their lives, both saved what they could. Yet Lew, a son of the Great Depression and former company man, and Lee, a baby boomer who has pursued careers as an entrepreneur and a mid-level manager, are winding up in two very different economic strata.

Comments:
She should have worked harder and saved more money, right?

Headline split, content added by staff

      


Post Reply  

Reply 1 - Posted by: BaseballFan, 12/18/2013 12:58:07 PM     (No. 9658881)

Another wealth disparity tale.
The daughter holds no grudge, so why does Carol H. and Bloomberg?

  Click Here if you Like this Comment

    6 persons like this.


Reply 2 - Posted by: Donna M, 12/18/2013 12:58:47 PM     (No. 9658883)

The venom and resentment behind most of the comments tells quite a story.

Divorcing twice is behind part of this.

And hey, she was an entrepreneur! But I bet she voted for Obozo.

  Click Here if you Like this Comment

    4 persons like this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: rubberneck, 12/18/2013 1:07:05 PM     (No. 9658892)

Class envy, meet generation envy!

(What will the children of the 61-year-olds be dealing with at retirement time? Maybe they can run the National Debt up to $100 trillion by then...)

  Click Here if you Like this Comment

    6 persons like this.


Reply 4 - Posted by: RightShoe, 12/18/2013 1:28:25 PM     (No. 9658907)

Boomers just took 7 trillion dollars out of my children´s future. And still, they complain.

These two people look a lot like me and my parents. My parents scrimped and saved when I didn´t. Whose fault is this? Mine. I´ve done ok with my wealth, but my parents did much better and I respect this.

The Millenial nuts didn´t fall far for the Baby Boomer tree, did they.

  Click Here if you Like this Comment

    6 persons like this.


Reply 5 - Posted by: mitzi, 12/18/2013 2:09:38 PM     (No. 9658958)

For some of us whose grandparents raised our parents during the great depression - it was impressed upon us by both grandparents and parents to be frugal and plan ahead.

Live below your means and save your money.



  Click Here if you Like this Comment

    10 persons like this.


Reply 6 - Posted by: tennman, 12/18/2013 3:04:55 PM     (No. 9659032)

Average household net worth is 140K???? I´m a boomer and have way more. What are these people thinking - if at all? Boomers as a generalization are self-centered.

P.S. poorly written. Implied she was living in her father´s basement. Also shots at dad for working, saving and enjoying retirement rather than taking care of Lee. At 61, she´s been raised all she´s going to be.

  Click Here if you Like this Comment

    6 persons like this.



Post Reply   Close thread 765196




Below, you will find ...

Most Recent Articles posted by "mabel normand"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "mabel normand"



At 61 She Lives in Basement
While 87-Year-Old Dad Travels
Bloomberg.com, by Carol Hymowitz    Original Article
Posted By: mabel normand- 12/18/2013 12:48:30 PM     Post Reply
Eighty-seven-year-old Lew Manchester has just returned from a three-week trip touring Buddhist temples in Laos and cruising the Mekong Delta in Vietnam. His 61-year-old daughter Lee lives year-round in the basement of her friend’s Cape Cod cottage, venturing into the winter cold to get to the bathroom. Lew is making the most of his old age. Lee is paring back and lightening her load as she looks ahead to her later years. Both worked all their lives, both saved what they could. Yet Lew, a son of the Great Depression and former company man, and Lee, a baby boomer who has pursued careers as an entrepreneur and a mid-level manager, are winding up in two very different economic strata.



Most Active Articles (last 48 hours)



Mitt Romney gathers top advisers
for campaign reunion in Utah

57 replie(s)
Washington Post, by Philip Rucker    Original Article
Posted By: LittleHoodedMonk- 3/9/2014 1:42:49 PM     Post Reply
Is Mitt Romney getting the band back together? The 2012 Republican presidential nominee has invited his debate prep advisers and senior campaign aides to his mountaintop chalet in Park City, Utah, for a weekend of skiing later this month, according to two people close to Romney. The reunion of Romney´s political brain trust comes amid a burst of positive buzz about the former Massachusetts governor -- from favorable reviews of "MITT," the Netflix documentary about his campaigns, to chatter among some powerful GOP donors about another Romney presidential campaign in 2016.

300,000-member union drops bombshell
Obamacare report

55 replie(s)
Breitbart´s Big Government, by Wynton Hall    Original Article
Posted By: Hooverdog- 3/10/2014 8:38:27 AM     Post Reply
The 300,000-member union that was the first to endorse then-Senator Barack Obama has released a devastating Obamacare report that says Obama´s controversial healthcare program will slash worker wages by up to $5 an hour, reduce worker hours, and exacerbate income inequality. The report by Unite Here--a North American labor union that represents workers in the hotel, gaming, food service, manufacturing, textile, distribution, laundry, and airport industries--is titled: "The Irony of ObamaCare: Making Inequality Worse." "Ironically, the Administration´s own signature healthcare victory poses one of the most immediate challenges to redressing inequality," states the 12-page report. "We take seriously the promise

A Rand Paul rout in CPAC straw poll
45 replie(s)
Politico, by James Hohmann    Original Article
Posted By: Pluperfect- 3/9/2014 6:51:34 AM     Post Reply
NATIONAL HARBOR, Md.—Rand Paul handily won the presidential straw poll at the Conservative Political Action Conference Saturday, one gauge of the Republican base’s mood less than two years before the 2016 primary season kicks off. The Kentucky senator received 31 percent, far ahead of second place Sen. Ted Cruz (R-Texas), who received 11 percent. Neurosurgeon Ben Carson finished third with 9 percent, ahead of New Jersey Gov. Chris Christie, who received 8 percent. The announcement came at the end of the group’s annual three-day confab. Organizers said that 2,459 attendees voted on computer kiosks.

Pelosi Claims Anonymous
Republican Told Her Poor
Hungry Children Are ´Invisible´
to ´Indifferent´ GOP

43 replie(s)
Breitbart TV, by Staff    Original Article
Posted By: mitzi- 3/9/2014 6:00:40 PM     Post Reply
During House Minority Nancy Pelosi´s address at the 2014 California Democrats State Convention on Saturday in Los Angeles, she told a story about an unnamed House Republican telling her the GOP does not care about hungry children in America. Pelosi claimed the unnamed "friend" called the poor and hungry "invisible". Pelosi used that same exact same rhetoric in early February at her weekly press briefing only then instead of friend it was the rock band U2 that gave her the "invisible" line... Pelosi on Saturday: "I asked a Republican friend why his party remains so opposed to extending the vital

   

 

B-G1


 
Politico: Ted Cruz ´Crushed´ Gridiron
Speech, Even Impressed Democrats

40 replie(s)
Breitbart Big Journalism, by Tony Lee    Original Article
Posted By: JoniTx- 3/10/2014 3:58:23 AM     Post Reply
Sen. Ted Cruz (R-TX) wowed the beltway elite and even Democrats during Saturday´s annual Gridiron event, showing why the Ivy Leaguer has confounded and been vilified by many with whom he shares the same intellectual pedigree. The annual D.C. roast is hosted by the exclusive Gridiron Club, which is composed of D.C.´s mainstream and "elite" journalists. Cruz has degrees from Princeton and Harvard, which those in the permanent political class covet, and he can do their social rituals better than they can. Yet Cruz refuses to be co-opted by them politically, instead choosing to be a staunch conservative who represents

Barnicle Calls Palin a ´Moron´
32 replie(s)
Newsbusters, by Mark Finkelstein    Original Article
Posted By: JoniTx- 3/10/2014 10:34:01 AM     Post Reply
Here was the Morning Joe panel bemoaning Ted Cruz´s supposed incivility at CPAC in allegedly insulting war hero Bob Dole, when up pops Mike Barnicle to ask "what does it say about CPAC, where the most popular speaker they had, the one who received the most rousing reception is a moron, Sarah Palin?" A bit later, Mika Brzezinski piled on, calling Palin a "multi-million dollar moron." When Joe Scarborough challenged her, saying "you don´t think that, right?", Mika didn´t retract her slur, saying only that Palin is "savvy in selling a message that makes a lot of money." View the

In pictures: Inside the palace
Yanukovych didn´t want Ukraine to see

30 replie(s)
Telegraph (UK), by Staff    Original Article
Posted By: LComStaff- 3/9/2014 8:55:13 AM     Post Reply
LCOmStaff: There is no text here but the pictures are absolutely remarkable and speak for themselves.

Richard Branson: Global warming
deniers ‘get out of our way

30 replie(s)
Daily Caller, by Michael Bastasch    Original Article
Posted By: johngalt1- 3/10/2014 3:59:32 PM     Post Reply
Virgin CEO Richard Branson said that those who are skeptical of man-made global warming should “get out of our way,” joining the ranks of CEOs lashing out against those opposed to business investments in “sustainability.” Branson made his remarks in the wake of Apple CEO Tim Cook’s telling global warming skeptics to “get out of this stock” if they did not agree with the company’s green investment strategy. Cook made his comments after being confronted by a free-market activist who pressed him on putting the environment ahead of profitable investments. “If you want me to do things only for [return on investment] reasons,

Why the Malaysia Airlines
jet might have disappeared

27 replie(s)
Associated Press, by Scott Mayerowitzap    Original Article
Posted By: LittleHoodedMonk- 3/9/2014 4:14:34 AM     Post Reply
The most dangerous parts of a flight are takeoff and landing. Rarely do incidents happen when a plane is cruising seven miles above the earth. So the disappearance of a Malaysia Airlines jet well into its flight Saturday morning over the South China Sea has led aviation experts to assume that whatever happened was quick and left the pilots no time to place a distress call. (Snip) The problem had to be big enough, he said, to stop the plane´s transponder from broadcasting its location, although the transponder can be purposely shut off from the cockpit.

   

 

R_DBL_B
  


 
Sharyl Attkisson resigns from CBS News
27 replie(s)
Politico, by Dylan Byers    Original Article
Posted By: KarenJ1- 3/10/2014 2:58:50 PM     Post Reply
CBS News investigative correspondent Sharyl Attkisson has reached an agreement to resign from CBS News ahead of contract, bringing an end to months of hard-fought negotiations, sources familiar with her departure told POLITICO on Monday. Attkisson, who has been with CBS News for two decades, had grown frustrated with what she saw as the network´s liberal bias, an outsized influence by the network´s corporate partners and a lack of dedication to investigative reporting, several sources said. She increasingly felt like her work was no longer supported and that it was a struggle to get her reporting on air.

CPAC Bonus Saturday -
A Princess in Excelsis

26 replie(s)
Esquire, by Charles P. Pierce    Original Article
Posted By: Pluperfect- 3/10/2014 10:30:43 AM     Post Reply
WASHINGTON, D.C. -- By now, and by god, it should have settled permanently in the consciousness of the nation what a huge and untoward gamble with the country John McCain and his campaign took in 2008 when they elevated Sarah Palin from her rightful place on the tundra to the political celebrity she currently enjoys. (Snip)We even got the inevitable gloat. Back five years ago, somebody wrote down on a little card for her that allowing the Russians to invade Georgia -- as though there was anything we could have done about that -- would embolden Vladimir Putin to move

Romney looks right
24 replie(s)
Boston Herald, by Howie Carr    Original Article
Posted By: StormCnter- 3/9/2014 7:16:05 AM     Post Reply
“I told you so.” Those have to be four of the most satisfying words in the English language. And Mitt Romney has earned the right to speak that short sentence, over and over again, whenever he chooses. Not that he would — it would be “unbecoming,” to use one of Romney’s old-fashioned words that in 2002 had the mandarins of Political Correctness harrumphing about his “sexism,” I believe the charge was that time. But these days, Mitt looks more and more prescient, and his critics ever more deluded. First of all, Russia has become “our number one geopolitical foe,” as he put it

   

Post Reply   Close thread 765196





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google



© 2014 Lucianne.com Media Inc.

FS