Boomers

Both my folks lived and worked through the depression so they knew a thing or two regarding saving a buck. Dad worked for the railroad as an electrician and Mom was at home although in later tears did work in a department store. With a mortgage,3 kids and a car that was on its last legs there wasn't any free money for luxuries. I made up a bicycle from parts I got off bicycles that better off people had tosses out with the trash. When Dad retired from the railroad his pension for 45 years was adaquate just barely. When us kids got a job we were expected to contribute some of our money towards the family. i did this right up until I got married. Pops was looking over some pay stubs and I realized that the last 5 years he worked for the railroad were the only years he just barely cleared 10K. 1st full year I worked I cleared almost 15K and he was shocked. When I retired I was making over 62K a year. All three kids worked our jobs and although my sister managed to drink herself to death both myself and my brother did have a pretty good life style. My brother retired from the Post Office and drives around the country in a motor home with his wife. Me, well I retired and live in louisiana with my wife and two daughters. I'll tell you that working rotating shifts regardless of weather conditions 24/7/365 can beat down the strongest man over time. All I want to do is live the remaining years i have in peace and putz around my 4.5 acres and shoot when the spirit moves me. That's not to much to ask for isn't it??. Frank
 
I wish I had a way to scientifically verify this. The Great Depression appears to be a point of reference for three generations. My grandparents were all adults during it, my parents were Depression babies, and I had a personal historical reference to it from them. My dad expressed to me a real aversion to debt and paying interest which I am glad I applied vigorously after I got back to work after my last layoff. That allowed me to take an early retirement. My impression is that the generation after mine (I am squarely in the baby boom) is the first that was not raised in the shadow of the Great Depression.

What will be the historical reach of the 2009 Great Recession?
 
Back
Top