It's heartbreaking when senior citizens are working at McDonalds to supplement their social security

Legal Raccoon wrote:

misterprudent wrote:

I'm working at the golden arches - adds about 7% to my retirement income, plus it gets me out of the house every day.

My grandpa worked at a McDonalds after he retired with a full pension. He loved it. He had young people to talk to and something to do. Most of the time he would just sweep the floor or take orders. My favorite is when my mom would take my brother and I to see Grandpa at "work". It was probably because of grandpa that I loved the McDonalds Hashbrown.

25 years later, I married a girl that I met thanks to McDonalds Hashbrowns.

I wouldn't choose to work at a McDonalds in retirement, but I can totally see myself working somewhere for similar pay for the same reasons as your grandpa, just to be out and around younger people and socialize in my old age. Maybe tending the bar at some business-traveler hotel, or working the cash register at a student store at the local community college, or being the campground host at a state or national park. It wouldn't be for the money, but for the social outlet that would surely be more dynamic than senior bingo once a month at the local community center or wherever.

Obvi wrote:

Obvious it iz wrote:

Build a wall to keep Mexicans from claiming OUR social security benefits.

Wall will be free because Mexico will pay for it.

Hate to break it to you buddy, but those illegal immigrants are a big part of what is keeping social security afloat. They pay into the system but can never collect any benefits.

Hate to break it to you buddy, but most of those illegal immigrants are typically paid cash, off the books, and do not pay into the system (yet they still draw from it).

uh no... wrote:

Obvi wrote:

Hate to break it to you buddy, but those illegal immigrants are a big part of what is keeping social security afloat. They pay into the system but can never collect any benefits.

Hate to break it to you buddy, but most of those illegal immigrants are typically paid cash, off the books, and do not pay into the system (yet they still draw from it).

This just isn't true.

Tommy2Nuttz wrote:

The minute corporations decided to do away with pensions, to save themselves a lot of money, the middle class was doomed to retire in poverty. And yet there are still poor ppl today who insist pensions are the worst thing ever.

In my opinion, finding those few jobs with a pension at the end is something people should be seriously considering, even though the pay may be lower than in the corporate world. Reap the real benefits at the end.

A problem with a pension is that funding them is a bit of a crap shoot especially with people living longer. My sister has a defined benefits pension (government employees are the only ones left who get these). She is guaranteed some amount of money every month. If everyone lives longer than predicted by actuarial tables then the pension will run a deficit.

401Ks (defined contribution plans) allow for far easier planning on behalf of the company.

Is there a pension out there that is fully funded?

Dave Ramsey wrote:

you must be trash wrote:

From the fact that you know who is working at McDonald's, we can assume that you eat at McDonald's. And we're supposed to be taking life advice from you?

I've helped 5 million Americans get out of debt. What have you done today - eaten a $20 salad from Whole Foods?

Oh, you're one of them. You take people's money and make money for yourself. No shame is working at McDonalds. It's proven beyond doubt, working in retirement extends your life expectancy and keeps you from the negative aspects of loneliness.

There is a guy at the McDonalds I go to occasionally who works the drivethru window. He is 73 and has worked there for 21 years now. Apparently he started working there a couple years after he retired from his corporate job. Why? Easy work, flexible hours, gets him out of the house and away from his wife, and he gets to see and interact with people the whole time. When you're not dependent on the $ to live on. jobs like that can be great.

Dave Ramsey wrote:

A different era..... wrote:

10.50 an hour is probably more than my dad made half his working life. He was an auto mechanic. My mom did not work outside of home as she raised my brother and I.

There's this thing called inflation buddy. Auto mechanics make a lot more than that nowadays. Let's hope he got nice returns on his retirement investments.

They did great on their investments. They paid the U.S. govt some money every April and now the govt pays them back a couple thousand dollars a month. That's even more than 10.50 an hour if my dad worked 40 hours a week.

you must be trash wrote:

Dave Ramsey wrote:

You sound angry. It's too bad your meal didn't come with a toy!

You have no idea what I sound like. If you are hearing my voice as you read my post, I encourage you to consult your primary care physician.

You're getting obliterated by one of the biggest trolls on this forum dude

One of those... wrote:

Dave Ramsey wrote:

I've helped 5 million Americans get out of debt. What have you done today - eaten a $20 salad from Whole Foods?

Oh, you're one of them. You take people's money and make money for yourself.

And what do you do - grow your own money on a tree? Ha!

Wrong as usual. They work behind the counter because America is the only developed country in the world that doesn’t have free healthcare. So, when the old person gets cancer and their spouse gets cancer they can’t afford to pay the medical bills so they go work somewhere to pay for it. For all you know they had $10m in savings at retirement and it was obliterated by healthcare costs.

Do some real research and get back to us.

Option 2 is they paid for their 10 children to go to college so their kids don’t have to take out $100k in student loan debt. That also obliterates your savings. Some people put their kids first.

I don't actually believe you've helped anyone get out of debt. You've given advice you were paid for, advice like: "pay off your debts". That doesn't actually help anyone get out of debt. Plus they could have spent the money they paid you, on the debt.

Plus that whole thing of paying off small cards first regardless of the interest rate is kind of dumb. And cost people money. So no, that didn't help people get out of debt either.

Tell you what. "Dave, I think you can be a better financial adviser, get some more training. Read a book about finance every week for a year." There, now I can take credit for any improvements you make. Now I too, have helped millions get out of debt, and have also taught Dave Ramsey how to be a better financial adviser! I am the greatest!

The real truth is wrote:

Wrong as usual. They work behind the counter because America is the only developed country in the world that doesn’t have free healthcare. So, when the old person gets cancer and their spouse gets cancer they can’t afford to pay the medical bills so they go work somewhere to pay for it. For all you know they had $10m in savings at retirement and it was obliterated by healthcare costs.

Do some real research and get back to us.

Option 2 is they paid for their 10 children to go to college so their kids don’t have to take out $100k in student loan debt. That also obliterates your savings. Some people put their kids first.

Unfortunately this is true. If I knew that I wouldn't have to pay for health care in my retirement, instead of working at McDonald's or a supermarket I'd volunteer and read with children or garden and plant vegetables.

The real truth is wrote:

Wrong as usual. They work behind the counter because America is the only developed country in the world that doesn’t have free healthcare. So, when the old person gets cancer and their spouse gets cancer they can’t afford to pay the medical bills so they go work somewhere to pay for it. For all you know they had $10m in savings at retirement and it was obliterated by healthcare costs.

B.S. I've worked in 30 countries, most with "free healthcare", but they cannot get advanced treatment. If they get serious health problems and have money, they lose all their money trying to get treatment in the US or in other countries with advanced medical care. If they don't have money, they die young because the free treatment isn't good enough to save them.

Most places I go have free healthcare but medical charity groups from the US are there treating patients. You'll counter that you were talking about "developed" countries, but the US health care system, with all its faults and massive inefficiencies, is so much better than just about anywhere else.

Old EA guy wrote:

I don't actually believe you've helped anyone get out of debt. You've given advice you were paid for, advice like: "pay off your debts". That doesn't actually help anyone get out of debt. Plus they could have spent the money they paid you, on the debt.

Plus that whole thing of paying off small cards first regardless of the interest rate is kind of dumb. And cost people money. So no, that didn't help people get out of debt either.

Tell you what. "Dave, I think you can be a better financial adviser, get some more training. Read a book about finance every week for a year." There, now I can take credit for any improvements you make. Now I too, have helped millions get out of debt, and have also taught Dave Ramsey how to be a better financial adviser! I am the greatest!

My favourite post EVER.

Old EA guy wrote:

Plus that whole thing of paying off small cards first regardless of the interest rate is kind of dumb. And cost people money. So no, that didn't help people get out of debt either.

Sorry, pal. The academics agree with me - the debt snowball method is the BEST method and the MOST LIKELY to get you out of debt.

Agreed!

Flagpole is OWNING you fools. Insults versus facts.

Some of the senior citizens I have talked to say they work at those places, to "get out of the house"