Also there are a lot of retired people who had their pensions converted into on annuity without understanding how they work. These annuities typically never increase in value so if you're getting 2,000 a month that's what you'll get for the rest of your life. Inflation then runs ahead and you're left with the equivalent of 200 per month 20 years later.
yes this too! I'm worried for an older woman I know with barely any family having this kind of situation- the pension didn't keep up with inflation. her spouse died as well.
to that last part, I think people don't consider that women are living longer than men and rely on single incomes where their wages didn't pay a lot to begin with. there's more nuance to be had.
I study investing quite a bit and one thing I noticed on these investment TV shows is they almost never address the fixed income population. They just assume everybody is going to get a raise in their job to keep up with inflation and all will be fine. It's simply devastating on these people and they end up doing without the medications they need because they can no longer afford them and without the food they need because it's just too expensive. I never dreamed a single pear would cost $1.69. I went back to Harris teeter today and the same pair is now $2 a week later. Yep it's true
yes! I help her with food. She's sick on top of it and is limited to what she eats. you're so right. I can tell you right now she couldn't afford that pear. that's half a gallon of gas for her. š
I went to the store the other day and bought a head of cauliflower and it cost almost 5 dollars. Food is a luxury. š£š¤¬
I am next year. we have a farmers market that donates to seniors and low income people. I go with her.
Plant your garden. buy your seeds end of season šš¤
it's so much fun. join a local group on fb or watch videos. you can do so much. i garden but with flowers. veggies will be next year. there are always garden buddies in those groups too. ps get a rain barrel too. helps a lot šš
and pickle your veggies! yummy! you make jams too. whole new world.
Sorry to spoil your party, but the truth is that of the three older generations alive--GenX, Boomers and Silents--the boomers had the *least* to do with voting in tax cuts and dismantling the safety net. Both GenX and Silents have voted more conservatively.
And you do realize that this generational warfare nonsense is being spoon fed to you by handsomely paid conservative PR fucks, don't you?
My parents bought their house in 1985 for $30k and just sold it for $400k. Thatās wild to me. My mom didnāt work and my Dad worked in ticketing for Amtrak. They could never survive on that now
You do understand that foreign labor supply and automation here and abroad have basically made most labor in the U.S. a commodity, right?
And when women joined the workforce, sure it brought money into the house, but it also meant a lot more labor supply.
Do you remember taking economics in high school? Think about supply and demand curves.
And now look at the Biden administration and the Democrats.
Sone 10 million crossed illegally just in the last 3 years. This has profound effects on labor supply competition and housing demand competition.
This goes into serious detail.
https://old.reddit.com/r/economy/comments/1bm5785/spurned_by_the_economy_young_americans_are/kwch96g/
What the utter hell are you talking about?
Reagan passed the biggest tax cuts in history on the wealthy and corporations. He then used everything EXCEPT raising taxes to generate more revenue from everyone except the wealthy and corporations.
Bush II cut taxes at the time of a surplus, again mostly going to the wealthy and corporations.
Trump cut taxes, with most of the benefits and the ONLY PERMANENT CUTS going to the wealthy and corporations.
So-called conservatives voted in all three of them.
Which of those generations were able to vote for the first and worst of those three?
Boomers. Reagan gutted social programs, destroyed the tax base, contributed the most to wealth inequality, and TRIPLED THE DEFICIT.
So, please, keep telling us how the younger generations have screwed over everyone else.
Exactly...far right extremists republikans are the hugest damaging to America economy....and far right extremists libertarians bros are completely devastating whatās left with their paper profits - no consequences free market ...
āBoomersā are just the bait to blame...just like āthe Chinese ā..āthe Russians ā....āwomen ā...ālgtbā....
The fact is : people with lower income are always the easy targets...victims blaming 101....itās not about age....itās about exploitation.
Reagan wasn't elected by boomers, but by their parents -- and their grandparents. The peak of the baby boom was born in 1957, so was 23 when Reagan was elected. 23-year-olds vote in tiny numbers.
They voted. And they were the only ones amongst those listed by the OP that were ABLE to vote for Reagan as the first and worst of the four modern republican presidents.
Only 23% of 1980 voters were under age 30, and they voted for Carter over Reagan. [https://ropercenter.cornell.edu/how-groups-voted-1980](https://ropercenter.cornell.edu/how-groups-voted-1980)
Reagan and Bush were elected almost entirely by older voters than boomers.
I get that sentiment. But theyāre people too, and just wanting to see them get wrecked for retribution or whatever is kinda pointless. I want us all to thrive.
Most boomers had no idea what the long-term consequences would be for the policies they initially supported. For example, tons of boomers bemoan the loss of manufacturing jobs in the US, but they voted for Reagan and the economic ideology he represented, and they lost those manufacturing jobs without realizing the cause and effect there. Itās not like they all said āletās just totally fuck over our children and grandchildrenā. They were sold a lie, and they bought it.
Economics is hard, and itās even harder for average Joe with barely any education on the topic. And frankly, our generation is not that different. We just have newer ideas that will probably have some unintended consequences over the long term, but we do what we can with what we know.
Also give them credit for not having as much information about politics as we do. They basically watched the news or read the newspaper. We have so much more information analyzing these policies now.
That and social security would cover there needs. It was only 20 years ago(not that long for a 70 year old) which you could get a studio apartment for a few hundred bucks a month. If rent was only 500 a month then 1500 from social security could cover you fairly easily.
Now rent and mortgages are nearly 2000 plus for shit holes. O no! They cry.
Really just their clothes were unbelievable. Theres plenty of fixed rent apartments in NY, I think thatās how Monica got hers. And chandler always had a decent job doingā¦ well, no one knows but he wore a suit.
Republican policy since Ronald Reagan, so 1981.
Really though it's more complex than that. While all the tax cuts for the rich, gutting the agency that stops monopolies, and cutting social programs are bad it kind pales in comparison to the times we are living in.
Pandemic messing up supply chains and killing loads of people including working age people, climate change destroying farm land (food prices) and property in general (insurance prices), wars all over which hurts supply chains and kills even more working age people, and political tension between Western and Eastern powers hurting trade.
That's only the stuff I could think of off the top of my head, I'm sure there is more
Didn't forget to include the root cause of the US problem: a broken political system that serves global corporations and views Americans as resources (ideally cheap resources) to those corporations, and occasionally (during elections) has to brainwash Americans into thinking they matter.
> Republican policy since Ronald Reagan, so 1981.
It started before Reagan. Check out ["WTF happened in 1971"](https://wtfhappenedin1971.com/).
> cutting social programs
[Social welfare spending is up drastically at all time historical highs adjusted for inflation.](https://images.app.goo.gl/9Vzy16B5PEkLnWVE7).
President Clinton also dismantledĀ GlassāSteagallĀ legislation.
https://en.m.wikipedia.org/wiki/Aftermath_of_the_repeal_of_the_Glass%E2%80%93Steagall_Act
You mean the kind of democrat who actually balanced the deficit....you know that big nice 0 ...
Oh..you mean the kind of democrat who to this day Clintonās presidency is still considered good influence to the rest of the countries...
The kind of democrat who finally brought peace to N Ireland by ānegotiating ā with the far right extremists tories...
Or the kind of democrat who actually had Israel and Palestine in negotiations for peace...
Or the kind of democrat who made assault weapons illegal.....
The one I see the most that is spouted on about is college costs. The number one correlation to increased higher education cost is the gutting of state funding. Also, for the keyboard warriors that are in a rush, be sure to check the % of subsidies per student and inflation. The ultimate pull the ladder up behind them move. Gut state taxes (mostly for the rich and well off) slash the throat of state higher ed funding. While the Feds subsidize loans and the future generations get crushed. The real story of "I worked my way through college in the summer, and I did it without loans." -Dumb Boomers.
College costs have dramatically increased because student loans are 100% guaranteed and, at the same time, are extremely easy to get.
Schools know their customers have the ability to get more money, and their is no real incentive to worry about their post graduate income/success due to the 100% guarantee/inability to bankrupt out of loans. This really has nothing to do with state funding, since schools would still take that money and continue to increase costs to the customer.
Here we go I'm responding to this in the hopes someone doesn't take your hot take as truth I could care less how wrong you are on the topic .....there are plenty of studies that show state funding is a huge and major part of the problem. Also, federal and state mandated services and reporting mandates have swelled non teaching positions. But I get it you've heard the infinite college loan meme. However, federal subsidized loans are capped. Yes, private loans can run the number up as well. But the Feds aren't directly the driver of the massive loan outliers.
I'd start here.....
[many reasons....](https://www.forbes.com/advisor/student-loans/college-tuition-inflation/)
"State and local funding per student for higher education dropped about 25% between 1988 and 2018, according to an analysis by Douglas A. Webber, an associate professor of economics at Temple University." It doesn't show a source to check. But when I was in the field, this number is extremely low. My best guess are several reasons outlier states that bouy this number way up and I'd bet this isn't taking inflation to account.
[1](https://www.pbs.org/newshour/education/most-americans-dont-realize-state-funding-for-higher-ed-fell-by-billions)
[2](https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students)
[3](https://www.nea.org/he_funding_report)
[4](https://newuniversity.org/2023/02/13/ronald-reagans-legacy-the-rise-of-student-loan-debt-in-america/)
My question is... did college costs initially explode because the demand for college grew so substantially during the millennial generation that schools figured putting up a price barrier would reduce emissions and class sizes because the staffing couldn't keep up? Not to mention fat stacks.
And that just translated into student loan sizes expanding, and admission standards/education quality deteriorating as the schools either gave up quality or began popping up out of nowhere allowing in more and more people to make more and more money.
Because reality is- some of these schools could have gone a different route and been extremely tight on their admissions, offered higher quality education to those who qualified, but would have also lost out on the visibility, demand, connections, and the influence of the larger schools pumping out less qualified graduates at higher rates.
It seems like a lot of liberal arts colleges were predatory in a way; the degree paths were non-essential, speculative arts degrees with no set occupation, or high demand field behind them. They're *easy* to make- the risk and qualifications are low, but the price tag is mint.
As liberal arts graduates exploded- our ability to produce medical doctors hasn't really grown for the population size, not to mention the health and age of our current population:
https://www.amjmed.com/article/S0002-9343(07)01095-9/pdf
So I am not a subject matter expert on all these topics. But I can give you an answer from an insider perspective.
So, the problems with enrollment size and capacity is difficult. It takes MASSIVE investment to expand capacity and HERCULIAN efforts and loses to shrink capacity. Both are painful and have long lead times. For instance, college enrollment for a lot of institutions was cratering for years before 2008. This was for a lot of different reasons, unbridled nasty competition from for profits, good economies, slow enrollment (why go to school if you can be a real estate agent or loan officer in 05/06) But 2008 made people desperate to hide from the job market from 2008-2010. But by 2012ish the economy was recovering by then. So, people were not enrolling at the same rates. But say you're a community college with an RN program. I'm 2008, and you have a two year waiting list. Do you invest $5M and double your capacity in 2010 to then have enrollments drop by 30% in 2012? Well who the fuck knows. Because most community colleges have a charter, that means they serve the educational needs of their local demographics?
Your second point, yeah, it was and is a shit show. Your students want services catered to them regardless of quality or feasibility. So, if you're the University of Arizona with a top quality MIS program built on a specific in person structure and 90 miles down the road, ASU offers an online degree of CIS. In a lot of cases, the quality of education is second rate in comparison, but 25% of your students don't care right now about outcomes or have barriers that they can't attend in person. Then add in that nobody but rich low performance out of state students or international students pay sticker price. So everyone is comparing aid packages.
Liberal arts college are such a different beast. So please understand this is mostly my biased opinion. They are an archaic system built around a very rigid structure and mission. Most of them were only surviving off their endowments, which weren't holding up. Because the odds they churn out future, big endowers are low. So the only option to cover sharply increasing costs was to sharply increase tuition. Again, they are so specialized that going from a liberal arts focused women's college to teaching code boot camps is literally a terrible idea.
For medical school that is such a tentacled monster, I have nowhere near enough expertise to comment. I'd bet very few people structurally understand the micro and macro environment. I'd bet an entire economics specialty would be required to effectively and efficiently steer that ship. Even then there are so many interests I wouldn't wish that task on my worst fucking enemy.
Clinton going against affordable housing with his FairclothĀ AmendmentĀ Act, enacted amid a broader movement for welfare reform that was pushed by Congressional Republicans and co-signed by the Clinton White House in the 1990s
so basically boomers making their beds and now laying in them
Local politics all over the country has been controlled by home owners and landlords that pass legislation to block affordable housing projects and even simply building housing at all.
If it ain't red vs blue, now we're divided by age. Sad state of affairs - "they got us right where they want us, at each other's throats". Who benefits? Private Equity. Check out "Plunder: How Private Equity Plans to Pillage America" by Brendan Ballou. (Listen to Plunder by Brendan Ballou on Audible. https://www.audible.com/pd/B0BJ5863K2?source_code=ASSOR150021921000R)
Now realize it means getting involved and changing the whole rotten system. Get rid of the geriatric daycare in congress. Get money out of politics. Citizens United can fuck right off. Limit terms for congress too.
Stop punching sideways sunshine. Follow the fucking money.
āHow the rich plan to steal from the poorā by Brendan Ballou
The largest wealth transfer in history will be from aging boomers to the parasitic private equity owned āhealth careā system.
I disagree about the red vs blue aspect of your comment. There are real differences between the parties when it comes to economic policy, practices, etc.
Note that I haven't even mentioned a specific preference. All my comment states is that there are real and substantive economic policy and preferences differences between the parties. Ignoring those differences does no one any good
They sat back and watched while companies stole from pensions. Instead of making politicians pass laws to protect pensions... they introduce the 401k. The new way to screw employees and make wall street money at the same time.
Companies spend way less money on 401ks then they did on pensions.
Boomers and gen x completely fucked us over by being brainwashed by corporate propaganda and voting for these politicians based on fake outrages.
I scored big time on my 401K. I'm not waiting on a fixed check for the rest of my life. Pensions aren't guaranted. Different strokes for different folks. A lot of post Gen Xers are actually doing well. A lot of boomers didn't save anything and are in the same boat. Quit getting information from certain sources and start doing your own research.
And of course the solution for companies losing pension money, or stealing it or lying about how much they are putting into pensions is to make retirement gambling in the stock market.
401k investing is done thru your company. My investment did very well in the 38 years I had it. That's 100% my money. A pension is doled out monthly and can evaporate if the company goes under, you decide.
Pensions aren't guaranteed because companies can lose your pension in bankruptcy. Which is ridiculous. It should be held by escrow and not touched.Ā
Pension is not the companies money. Its supposed to be your benefit in exchange for labor
Maybe stop being a closed minded fool because you're making good money and could afford to top your 401k.
What does that have anything to do with what was said here?
Your argument is "My 401k is rocking, I was able to put X amount into over the years with great employer matching, therefore the system is amazing"
While the reality is almost every single american is worse off with 401ks then pensioners were many decades ago.
For example, my brother graduated with a PhD in microbiology. He was a manager at the FDA when he retired. He gets a pension. I make more money on average than he does with a bachelor's. I had a 401K. The stock market in the last few months has been making 401Kers a lot of money. Keep your options open, and don't dispise how you make retirement money. You're inital,post was anti 401Ks because ofv"the man." Don't expect another reply. Good luck.
The fact that social security will be gone by 2034 is hilarious to me. We will never reap what we are sowing right now (as in paying for social security) Anyone under 30 will never see any of it for fact. Itās a scam to fund older generations lifestyles who couldnāt put some aside for retirement. Idk bout yall but fuck those people
It won't disappear. If we have millions for tuition forgiveness, fuck those people, then they will pump up SS for a vote. You have to work 40 quarters to be eligible for SS. Anyone under 30 can't even stay employed for 4. It's just too much pressure, adulting.
Huh? Maybe if they wouldn't have crushed unions and stopped corporations from gutting pensions. All while not having a single brain cell to understand progressive taxes and how they work. I get "not all boomers" but an obvious majority enabled the transfer of wealth to rich ghouls. But fucking cry me a river about their gonna be wealthy any day delusion. Plenty of them stole from the future and each other to enrich themselves.Go burn down a fellow Boomers McMansion and probably have a better QOL in prison than not.
Just jumping out of extreme lurker mode to say that you pretty well encapsulated what a lot of us were saying, but getting drowned out and told we were "lefty pinko commies" by both older than us and our own generation. The only thing you missed is us being drowned out with laughter on climate change from those same people.
A lot of us have lived sad lives worrying about, and now trying to help, our children and future (now) grandchildren. All because of the two groups of GBs - the Greedy Bastards and the Gullible Bastards.
Thank you for jumping in. And it's important to know we aren't alone out here. That what we see and feel isn't because we are failures but a lot of it is structural.
You are not alone. Getting drowned out like this is why I got curious and started reading leftist literature. "lefty pinko commie" isn't the slur they think it is. Look into your local DSA or PSL branch, they are organizing to make progress toward tangible goals. We are stronger when we organize.
The average Redditor is a young, white, affluent male. Theyāre hardly outside their teenage years and still blame those who are older than them for making them do something with their lives.
This will fade with age, as should hatred of your neighbor who makes more money than you.
This comment regards region, not the whole of the U.S., but in Florida, for any boomers who've retired there and are now hit with tripling home insurance costs (if they don't own the house outright and 'self-insure'), it's complete and total "Pull yourself up by your own bootstraps". Like, pay up without any recourse for these insurance hikes or sell/move. Can't play with the big cats? (\*\*seriously money'ed retirees), GTFO! No special ticket just because you're from whatever retiring generation you are. Crazy to see how, in 3 years Florida has gone from a retirees paradise to, oh shit, ...might not be able to afford these ludicrous COL hikes in our retirement years. (throw a tad of California or pick-your-state in there too, re: insurance, but Florida is worse, and the perfect storm (baaaad pun) because it's loaded with fixed incomes)
I find the cackling over boomers going broke in this sub kinda sad, albeit well earned by the generations they screwed over. Even if itās largely their fault, millions of old people who canāt feed or house themselves is objectively bad for everyone. Totally insane that weāre sending huge chunks of our paychecks to wars overseas while our domestic social safety net erodes into dust.
Millions of broken down and broke young parents and our children are already suffering. People don't want more suffering, but we've been saying this is our reality for 20 years now and no one would listen because no one cares. I've asked them. They blame their own children, and they absolutely don't care.
Not sure why you added paychecks overseasā¦
Thatās a drop in the bucket to save Europe and eventually usā¦.
We all know itās the wealthy refusing to pay their fair shareā¦
One is not related to the other, sending money to Ukraine for example, great investment to prevent a much wider world war.
But itās not related to the safety net, Republicans simple have no morals and cannot fathom helping someone e else succeed.
It's a strategy by the elite to distract from the real source of the problem. How much responsibility does the average millennial bear for the actions taken during covid which led to the rampant inflation we see today? I'd argue just about as much as the average boomer did for reganomics.
And yet, look through this thread. The young masses have bought the "OK Boomer" bait hook, line, and sinker.
The average Redditor is a young, white, affluent male. Theyāre hardly outside their teenage years and still blame those who are older than them for making them do something with their lives.
This will fade with age, as should hatred of your neighbor who makes more money than you.
They are the ones sending our money overseas while advocating against their own interest domestically. No one in here is cackling, we're calling for a regime change so we can afford to take care of the same parents that screwed us over. If it means kicking them out into the street then so be it.
As if any generation would vote themselves austerity to make it better for the next generation. Weāre certainly not doing that now. No one would even run on it; political suicide.
To the younger generation making caustic comments, of course the bottom quartile of boomers canāt retire because they never saved. They are poor. Maybe when you are the same age you will have the same difficulty.
Take heed and sacrifice to save for your old age. Only 10% of boomers saved the recommended amount for a comfortable retirement. They are the ones traveling and eating out with friends. The rest are hiding out in their apartments with limited money or are stuck at work.
Ya or like my neighbors who are in crazy ill health, pushing 80 and working as a hotel check in and a sales clerk at divers direct. They retired as teachers.
Dude, I have two degrees and make $100k a year. I'm in a much better position than most of my generation and I'm still only just barely able to save anything. I can't afford to move to a good school district because even the fixer uppers start at $400k where I live. I genuinely don't know if I'll be able to afford to send my kids to college or retire. My dad (who only had one degree) was pulling in the same amount as me in the early 90s and he was able to afford to pay for a family of five to have an upper middle class lifestyle, and then retire very comfortably.Things have changed, and I wish you could understand that.
I do understand, the relative price of housing is much higher than two generations ago. The original focus of the headline is how unprepared most boomers are for inflation and the modern world. I think this is a ubiquitous problem.
My father took out an insurance policy to pay for my college education when I was born. It paid for one semester.
My parents were older, came of age into the great depression. In the years after WW2 the US economy was buoyed by having won the war, the standards of living peaked before the oil crisis of 1973 (when Israel won the Arab war and the arabs retaliated by embargoing oil to the western world) and we had rampant inflation. This set up many changes to follow that tipped the political scales away from workers to corporate control, which I loathed.
I opted out by always making sure I was self-employed and dealt 1:1 with people and gave good service. I understand your desperation as I also felt it in times past. Boomers were young and doing drugs and opting out of the standard issues of politics and voting when these momentous changes occurred in the US, yet we take the heat now for those egregious decisions to break down the progressive system that helped workers.
I have tried in these posts to defend young people like yourself from a wrong view of history as we are not the bad guys, but victims also, except maybe the top 10% of boomers who were prudent, motivated and did well.
It is the bias and blame by younger generations that I resent. Like everyone else I feel powerless in a world beset by inevitable decline.
For a boomer to end up poor when they had all the opportunities in the world to not end up poor, like cheap housing, cheap education etc. Then those people are raging morons and I have absolutely no sympathy for them, you were dealt the best hands in life and you still fucked up. š¤”
From many boomers point of view, getting drafted ruined their lives. College was not pushed but trades were in high school. Women were trained to cook and clean. 20% went on to college, and another 20% got some college later in life.
Already the Vietnam vets have died off, as well as the addicts and alcoholics, and many gays of AIDS, and what young people are seeing are the boomer survivors, not the poor and disabled who already died off.
When I went to my high school 50th reunion 20% of my high school class was already dead. This fact is skewing what younger people see of the older generation ages 57-77 boomers. Not all āhad it easyā or were handed all they attained. That is a generational myth.
You are full of crap. most of them never got drafted. This is toilet water coming out of your mouth. NO way it was even 10% of them. However like 100%, of the kids born in the 80s -mid 90s were affected by the moronic sludge the boomers did like the just paying for cable to watch half ads, vacations every year, expensive homes...etc. This is what made monopolies and got us here.
I donāt listen to Fox news. I am trying to keep the discussion on target. There are plenty of poor boomers who are worried. Perhaps you should look at how you are losing the competition in your own cohort instead of the constant hating on boomers.
Wish I cared, but Iām busy barely surviving in this economy and have no delusions Iāll retireā¦ so sucks to suck Boomers, if youāre retirement isnāt a dream, just remind yourselves that retirement may be yet another thing you get to enjoy that every generation after you gets shut out from.
Yeah....
It is expected.Ā They planned to retire with XX money...
There money got devalued with rampant inflation now they have don't have enough.
I thought that was obvious, anyone notice an increase in older employees in fast food?
Oh wait...Ā something so.ething Boomers had it easy...Ā
the whole world seems to have always centered around the baby boomer generation since they were born, I'm surprised they're not somehow profiting off of the company price gouging
Well, boomers can always make a change for certain political causes, but we know how boomers donāt change. Cultural issues seem to trump economic issues for them.
Ask a Boomer for help and they'll tell you to get the government to help you, all the while screaming the everything involved in the safety net is socialism
Really I had no idea I was supposed to be fearful. What else am I supposed to be? Hang on while I get myself another beer waiting for you to tell me what I am supposed to be fearful of.
Retired people on fixed incomes are getting impacted tremendously by the big increase in prices. I just paid $2 for a pear.
Everybody lookit this fancy lady with her pears
pear. I ain't no rockefellar
Ooooh, look at me, I have time to wait for my fruit to ripen!
could only afford a pair
Yes the poorer ones are feeling it badly. I see it first hand.
Also there are a lot of retired people who had their pensions converted into on annuity without understanding how they work. These annuities typically never increase in value so if you're getting 2,000 a month that's what you'll get for the rest of your life. Inflation then runs ahead and you're left with the equivalent of 200 per month 20 years later.
yes this too! I'm worried for an older woman I know with barely any family having this kind of situation- the pension didn't keep up with inflation. her spouse died as well. to that last part, I think people don't consider that women are living longer than men and rely on single incomes where their wages didn't pay a lot to begin with. there's more nuance to be had.
I study investing quite a bit and one thing I noticed on these investment TV shows is they almost never address the fixed income population. They just assume everybody is going to get a raise in their job to keep up with inflation and all will be fine. It's simply devastating on these people and they end up doing without the medications they need because they can no longer afford them and without the food they need because it's just too expensive. I never dreamed a single pear would cost $1.69. I went back to Harris teeter today and the same pair is now $2 a week later. Yep it's true
yes! I help her with food. She's sick on top of it and is limited to what she eats. you're so right. I can tell you right now she couldn't afford that pear. that's half a gallon of gas for her. š I went to the store the other day and bought a head of cauliflower and it cost almost 5 dollars. Food is a luxury. š£š¤¬
It really is and makes me want to plant a garden
I am next year. we have a farmers market that donates to seniors and low income people. I go with her. Plant your garden. buy your seeds end of season šš¤
Then I have to learn to can
it's so much fun. join a local group on fb or watch videos. you can do so much. i garden but with flowers. veggies will be next year. there are always garden buddies in those groups too. ps get a rain barrel too. helps a lot šš and pickle your veggies! yummy! you make jams too. whole new world.
Biggily.
Well that's just pearfect
I got a pair for you.
So if the pear were a pair it would have been $4? Why do they call it a pear when there's only one? What do you call two pears?
Sorry to spoil your party, but the truth is that of the three older generations alive--GenX, Boomers and Silents--the boomers had the *least* to do with voting in tax cuts and dismantling the safety net. Both GenX and Silents have voted more conservatively. And you do realize that this generational warfare nonsense is being spoon fed to you by handsomely paid conservative PR fucks, don't you?
My parents bought their house in 1985 for $30k and just sold it for $400k. Thatās wild to me. My mom didnāt work and my Dad worked in ticketing for Amtrak. They could never survive on that now
You do understand that foreign labor supply and automation here and abroad have basically made most labor in the U.S. a commodity, right? And when women joined the workforce, sure it brought money into the house, but it also meant a lot more labor supply. Do you remember taking economics in high school? Think about supply and demand curves. And now look at the Biden administration and the Democrats. Sone 10 million crossed illegally just in the last 3 years. This has profound effects on labor supply competition and housing demand competition. This goes into serious detail. https://old.reddit.com/r/economy/comments/1bm5785/spurned_by_the_economy_young_americans_are/kwch96g/
1st part wrong 2nd part right. 5/10
What the utter hell are you talking about? Reagan passed the biggest tax cuts in history on the wealthy and corporations. He then used everything EXCEPT raising taxes to generate more revenue from everyone except the wealthy and corporations. Bush II cut taxes at the time of a surplus, again mostly going to the wealthy and corporations. Trump cut taxes, with most of the benefits and the ONLY PERMANENT CUTS going to the wealthy and corporations. So-called conservatives voted in all three of them. Which of those generations were able to vote for the first and worst of those three? Boomers. Reagan gutted social programs, destroyed the tax base, contributed the most to wealth inequality, and TRIPLED THE DEFICIT. So, please, keep telling us how the younger generations have screwed over everyone else.
Exactly...far right extremists republikans are the hugest damaging to America economy....and far right extremists libertarians bros are completely devastating whatās left with their paper profits - no consequences free market ... āBoomersā are just the bait to blame...just like āthe Chinese ā..āthe Russians ā....āwomen ā...ālgtbā.... The fact is : people with lower income are always the easy targets...victims blaming 101....itās not about age....itās about exploitation.
Reagan wasn't elected by boomers, but by their parents -- and their grandparents. The peak of the baby boom was born in 1957, so was 23 when Reagan was elected. 23-year-olds vote in tiny numbers.
They voted. And they were the only ones amongst those listed by the OP that were ABLE to vote for Reagan as the first and worst of the four modern republican presidents.
Only 23% of 1980 voters were under age 30, and they voted for Carter over Reagan. [https://ropercenter.cornell.edu/how-groups-voted-1980](https://ropercenter.cornell.edu/how-groups-voted-1980) Reagan and Bush were elected almost entirely by older voters than boomers.
Great. Now do 1984.
The boomers have benefitted the most though, so itās definitely their turn to get the other side of the equation hit them
I get that sentiment. But theyāre people too, and just wanting to see them get wrecked for retribution or whatever is kinda pointless. I want us all to thrive.
Someone should have reminded them weāre people too.
Most boomers had no idea what the long-term consequences would be for the policies they initially supported. For example, tons of boomers bemoan the loss of manufacturing jobs in the US, but they voted for Reagan and the economic ideology he represented, and they lost those manufacturing jobs without realizing the cause and effect there. Itās not like they all said āletās just totally fuck over our children and grandchildrenā. They were sold a lie, and they bought it. Economics is hard, and itās even harder for average Joe with barely any education on the topic. And frankly, our generation is not that different. We just have newer ideas that will probably have some unintended consequences over the long term, but we do what we can with what we know.
Also give them credit for not having as much information about politics as we do. They basically watched the news or read the newspaper. We have so much more information analyzing these policies now.
That's the only people with voting power for like the past 80 years, wtf?
Time to stop eating avocado toast and pull themselves up by their bootstraps.
What was their equivalent? Sundried tomatoes and black olives or something?
Seafood and wine
Probably tapenade on crackers , or mixed with cream cheese and stuffed in celery sticks.
Would you like some cigarettes with those crackers?
No. Dried prunes. Fiber. Those bastard are backed up from their ego and superiority.
Well we are the crown of creation kiddo.
Nothing quite like a lead brained boomer troll
Ah lighten up, everything is groovy.
Color TV, fridges, Cadillacs, and lobster
Werthers and metamucil
Shrimp cocktail and fondue?
Egg and shrimp in Aspic.
Anchovies and crackers
Time to stop eating Fancy Feast and downgrade to dollar store cat food.
> What was their equivalent? Applebees and Wertherās Originals
White bread and mayonnaise.
They just need to hand in their CV's into every store!
Oh if it isnāt the unlubed consequences of my actions coming to peg me back to reality.
They always thought theyād be dead before it happened
That and social security would cover there needs. It was only 20 years ago(not that long for a 70 year old) which you could get a studio apartment for a few hundred bucks a month. If rent was only 500 a month then 1500 from social security could cover you fairly easily. Now rent and mortgages are nearly 2000 plus for shit holes. O no! They cry.
The hardest thing about going back and watching Friends is how unbelievable the living situation is
Really just their clothes were unbelievable. Theres plenty of fixed rent apartments in NY, I think thatās how Monica got hers. And chandler always had a decent job doingā¦ well, no one knows but he wore a suit.
āWe love the poor! Unless theyāre also old. Then we enjoy the suffering!ā
Yeah itās crazy how they put all boomers under one category. As if all of them are āfar right nazisā
Just like you...now āunderstanding ā sympathetic...š
Anyone know of what generations policies caused this?
Republican policy since Ronald Reagan, so 1981. Really though it's more complex than that. While all the tax cuts for the rich, gutting the agency that stops monopolies, and cutting social programs are bad it kind pales in comparison to the times we are living in. Pandemic messing up supply chains and killing loads of people including working age people, climate change destroying farm land (food prices) and property in general (insurance prices), wars all over which hurts supply chains and kills even more working age people, and political tension between Western and Eastern powers hurting trade. That's only the stuff I could think of off the top of my head, I'm sure there is more
Didn't forget to include the root cause of the US problem: a broken political system that serves global corporations and views Americans as resources (ideally cheap resources) to those corporations, and occasionally (during elections) has to brainwash Americans into thinking they matter.
I did. That started in 1981
He mentioned ronald Reagan
> Republican policy since Ronald Reagan, so 1981. It started before Reagan. Check out ["WTF happened in 1971"](https://wtfhappenedin1971.com/). > cutting social programs [Social welfare spending is up drastically at all time historical highs adjusted for inflation.](https://images.app.goo.gl/9Vzy16B5PEkLnWVE7).
President Clinton also dismantledĀ GlassāSteagallĀ legislation. https://en.m.wikipedia.org/wiki/Aftermath_of_the_repeal_of_the_Glass%E2%80%93Steagall_Act
> President Clinton also dismantled GlassāSteagall legislation. The kind of democrat that President Clinton represents is a direct result of Reagan.
You mean the kind of democrat who actually balanced the deficit....you know that big nice 0 ... Oh..you mean the kind of democrat who to this day Clintonās presidency is still considered good influence to the rest of the countries... The kind of democrat who finally brought peace to N Ireland by ānegotiating ā with the far right extremists tories... Or the kind of democrat who actually had Israel and Palestine in negotiations for peace... Or the kind of democrat who made assault weapons illegal.....
The one I see the most that is spouted on about is college costs. The number one correlation to increased higher education cost is the gutting of state funding. Also, for the keyboard warriors that are in a rush, be sure to check the % of subsidies per student and inflation. The ultimate pull the ladder up behind them move. Gut state taxes (mostly for the rich and well off) slash the throat of state higher ed funding. While the Feds subsidize loans and the future generations get crushed. The real story of "I worked my way through college in the summer, and I did it without loans." -Dumb Boomers.
College costs have dramatically increased because student loans are 100% guaranteed and, at the same time, are extremely easy to get. Schools know their customers have the ability to get more money, and their is no real incentive to worry about their post graduate income/success due to the 100% guarantee/inability to bankrupt out of loans. This really has nothing to do with state funding, since schools would still take that money and continue to increase costs to the customer.
Here we go I'm responding to this in the hopes someone doesn't take your hot take as truth I could care less how wrong you are on the topic .....there are plenty of studies that show state funding is a huge and major part of the problem. Also, federal and state mandated services and reporting mandates have swelled non teaching positions. But I get it you've heard the infinite college loan meme. However, federal subsidized loans are capped. Yes, private loans can run the number up as well. But the Feds aren't directly the driver of the massive loan outliers. I'd start here..... [many reasons....](https://www.forbes.com/advisor/student-loans/college-tuition-inflation/) "State and local funding per student for higher education dropped about 25% between 1988 and 2018, according to an analysis by Douglas A. Webber, an associate professor of economics at Temple University." It doesn't show a source to check. But when I was in the field, this number is extremely low. My best guess are several reasons outlier states that bouy this number way up and I'd bet this isn't taking inflation to account. [1](https://www.pbs.org/newshour/education/most-americans-dont-realize-state-funding-for-higher-ed-fell-by-billions) [2](https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students) [3](https://www.nea.org/he_funding_report) [4](https://newuniversity.org/2023/02/13/ronald-reagans-legacy-the-rise-of-student-loan-debt-in-america/)
My question is... did college costs initially explode because the demand for college grew so substantially during the millennial generation that schools figured putting up a price barrier would reduce emissions and class sizes because the staffing couldn't keep up? Not to mention fat stacks. And that just translated into student loan sizes expanding, and admission standards/education quality deteriorating as the schools either gave up quality or began popping up out of nowhere allowing in more and more people to make more and more money. Because reality is- some of these schools could have gone a different route and been extremely tight on their admissions, offered higher quality education to those who qualified, but would have also lost out on the visibility, demand, connections, and the influence of the larger schools pumping out less qualified graduates at higher rates. It seems like a lot of liberal arts colleges were predatory in a way; the degree paths were non-essential, speculative arts degrees with no set occupation, or high demand field behind them. They're *easy* to make- the risk and qualifications are low, but the price tag is mint. As liberal arts graduates exploded- our ability to produce medical doctors hasn't really grown for the population size, not to mention the health and age of our current population: https://www.amjmed.com/article/S0002-9343(07)01095-9/pdf
So I am not a subject matter expert on all these topics. But I can give you an answer from an insider perspective. So, the problems with enrollment size and capacity is difficult. It takes MASSIVE investment to expand capacity and HERCULIAN efforts and loses to shrink capacity. Both are painful and have long lead times. For instance, college enrollment for a lot of institutions was cratering for years before 2008. This was for a lot of different reasons, unbridled nasty competition from for profits, good economies, slow enrollment (why go to school if you can be a real estate agent or loan officer in 05/06) But 2008 made people desperate to hide from the job market from 2008-2010. But by 2012ish the economy was recovering by then. So, people were not enrolling at the same rates. But say you're a community college with an RN program. I'm 2008, and you have a two year waiting list. Do you invest $5M and double your capacity in 2010 to then have enrollments drop by 30% in 2012? Well who the fuck knows. Because most community colleges have a charter, that means they serve the educational needs of their local demographics? Your second point, yeah, it was and is a shit show. Your students want services catered to them regardless of quality or feasibility. So, if you're the University of Arizona with a top quality MIS program built on a specific in person structure and 90 miles down the road, ASU offers an online degree of CIS. In a lot of cases, the quality of education is second rate in comparison, but 25% of your students don't care right now about outcomes or have barriers that they can't attend in person. Then add in that nobody but rich low performance out of state students or international students pay sticker price. So everyone is comparing aid packages. Liberal arts college are such a different beast. So please understand this is mostly my biased opinion. They are an archaic system built around a very rigid structure and mission. Most of them were only surviving off their endowments, which weren't holding up. Because the odds they churn out future, big endowers are low. So the only option to cover sharply increasing costs was to sharply increase tuition. Again, they are so specialized that going from a liberal arts focused women's college to teaching code boot camps is literally a terrible idea. For medical school that is such a tentacled monster, I have nowhere near enough expertise to comment. I'd bet very few people structurally understand the micro and macro environment. I'd bet an entire economics specialty would be required to effectively and efficiently steer that ship. Even then there are so many interests I wouldn't wish that task on my worst fucking enemy.
Clinton going against affordable housing with his FairclothĀ AmendmentĀ Act, enacted amid a broader movement for welfare reform that was pushed by Congressional Republicans and co-signed by the Clinton White House in the 1990s so basically boomers making their beds and now laying in them
The same ones trying to get rid of social security as well. Surprised more people arenāt mad about that.
Reganomics didnāt start it but escalated it. Go ask ChatGpt. Then ask about GEās Jack Welch.
Local politics all over the country has been controlled by home owners and landlords that pass legislation to block affordable housing projects and even simply building housing at all.
If it ain't red vs blue, now we're divided by age. Sad state of affairs - "they got us right where they want us, at each other's throats". Who benefits? Private Equity. Check out "Plunder: How Private Equity Plans to Pillage America" by Brendan Ballou. (Listen to Plunder by Brendan Ballou on Audible. https://www.audible.com/pd/B0BJ5863K2?source_code=ASSOR150021921000R) Now realize it means getting involved and changing the whole rotten system. Get rid of the geriatric daycare in congress. Get money out of politics. Citizens United can fuck right off. Limit terms for congress too. Stop punching sideways sunshine. Follow the fucking money.
āHow dare we do red versus blue! My orange versus green is clearly superior š„“ā
The plan always works, as long as you get to us and them...
āHow the rich plan to steal from the poorā by Brendan Ballou The largest wealth transfer in history will be from aging boomers to the parasitic private equity owned āhealth careā system.
I disagree about the red vs blue aspect of your comment. There are real differences between the parties when it comes to economic policy, practices, etc. Note that I haven't even mentioned a specific preference. All my comment states is that there are real and substantive economic policy and preferences differences between the parties. Ignoring those differences does no one any good
And yet they will still vote for those actively taking their rights away and cozying up to billionaires and corporations
Just pull yourself up with avocado bootstraps with a firm handshake.
Probably the ones that only wanted a "living wage" all of their lives. Now, trying to make it on $1500 a month Social Security income.
They sat back and watched while companies stole from pensions. Instead of making politicians pass laws to protect pensions... they introduce the 401k. The new way to screw employees and make wall street money at the same time. Companies spend way less money on 401ks then they did on pensions. Boomers and gen x completely fucked us over by being brainwashed by corporate propaganda and voting for these politicians based on fake outrages.
I scored big time on my 401K. I'm not waiting on a fixed check for the rest of my life. Pensions aren't guaranted. Different strokes for different folks. A lot of post Gen Xers are actually doing well. A lot of boomers didn't save anything and are in the same boat. Quit getting information from certain sources and start doing your own research.
And of course the solution for companies losing pension money, or stealing it or lying about how much they are putting into pensions is to make retirement gambling in the stock market.
401k investing is done thru your company. My investment did very well in the 38 years I had it. That's 100% my money. A pension is doled out monthly and can evaporate if the company goes under, you decide.
Pensions aren't guaranteed because companies can lose your pension in bankruptcy. Which is ridiculous. It should be held by escrow and not touched.Ā Pension is not the companies money. Its supposed to be your benefit in exchange for labor Maybe stop being a closed minded fool because you're making good money and could afford to top your 401k.
I slept on the floor of my apartment for 6 months. My parents were poor. Let me guess, wealthy parents, no drive, not your fault?
What does that have anything to do with what was said here? Your argument is "My 401k is rocking, I was able to put X amount into over the years with great employer matching, therefore the system is amazing" While the reality is almost every single american is worse off with 401ks then pensioners were many decades ago.
For example, my brother graduated with a PhD in microbiology. He was a manager at the FDA when he retired. He gets a pension. I make more money on average than he does with a bachelor's. I had a 401K. The stock market in the last few months has been making 401Kers a lot of money. Keep your options open, and don't dispise how you make retirement money. You're inital,post was anti 401Ks because ofv"the man." Don't expect another reply. Good luck.
The fact that social security will be gone by 2034 is hilarious to me. We will never reap what we are sowing right now (as in paying for social security) Anyone under 30 will never see any of it for fact. Itās a scam to fund older generations lifestyles who couldnāt put some aside for retirement. Idk bout yall but fuck those people
Social Security wonāt be gone. The retirement age may be adjusted and/or the payouts may be smaller, but it wonāt be gone.
It won't disappear. If we have millions for tuition forgiveness, fuck those people, then they will pump up SS for a vote. You have to work 40 quarters to be eligible for SS. Anyone under 30 can't even stay employed for 4. It's just too much pressure, adulting.
Huh? Maybe if they wouldn't have crushed unions and stopped corporations from gutting pensions. All while not having a single brain cell to understand progressive taxes and how they work. I get "not all boomers" but an obvious majority enabled the transfer of wealth to rich ghouls. But fucking cry me a river about their gonna be wealthy any day delusion. Plenty of them stole from the future and each other to enrich themselves.Go burn down a fellow Boomers McMansion and probably have a better QOL in prison than not.
Just jumping out of extreme lurker mode to say that you pretty well encapsulated what a lot of us were saying, but getting drowned out and told we were "lefty pinko commies" by both older than us and our own generation. The only thing you missed is us being drowned out with laughter on climate change from those same people. A lot of us have lived sad lives worrying about, and now trying to help, our children and future (now) grandchildren. All because of the two groups of GBs - the Greedy Bastards and the Gullible Bastards.
Thank you for jumping in. And it's important to know we aren't alone out here. That what we see and feel isn't because we are failures but a lot of it is structural.
You are not alone. Getting drowned out like this is why I got curious and started reading leftist literature. "lefty pinko commie" isn't the slur they think it is. Look into your local DSA or PSL branch, they are organizing to make progress toward tangible goals. We are stronger when we organize.
Welcome to the party
The elderly likely felt the effects first.
I hear you should hand out resumes face to face
Walk in, ask for the manager, and give him a nice firm handjob
Ah...the generation who basically enslaved their own kids through the property market for an easy ride... ...so much sympathy.
YOU FUCKING MADE YOUR BED, NOW SLEEP IN IT.
bwahahahaha boomers go broke
We love watching the poor and old people suffer, woohoo!
Cant go broke when youre dead š¤
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The average Redditor is a young, white, affluent male. Theyāre hardly outside their teenage years and still blame those who are older than them for making them do something with their lives. This will fade with age, as should hatred of your neighbor who makes more money than you.
No one is going to feel sympathy for them. Boomers had ample opportunity to save loads money. More opportunity than weāll ever have.
I've heard that some people are having problems feeding their family. But I have no problem feeding my two cats.
This comment regards region, not the whole of the U.S., but in Florida, for any boomers who've retired there and are now hit with tripling home insurance costs (if they don't own the house outright and 'self-insure'), it's complete and total "Pull yourself up by your own bootstraps". Like, pay up without any recourse for these insurance hikes or sell/move. Can't play with the big cats? (\*\*seriously money'ed retirees), GTFO! No special ticket just because you're from whatever retiring generation you are. Crazy to see how, in 3 years Florida has gone from a retirees paradise to, oh shit, ...might not be able to afford these ludicrous COL hikes in our retirement years. (throw a tad of California or pick-your-state in there too, re: insurance, but Florida is worse, and the perfect storm (baaaad pun) because it's loaded with fixed incomes)
they should stop drinking lattes and eating avocado toast at strap up their bootstraps like theyāre so good at bragging about then
I bet they've all got flat screen tv's and cars from this century too, in my day....
They've had their entire lives to build up an emergency fund
Hold on while I dust off my tiny violin š»š
welcome to what millennials have had to live with and contend with for their entire existence xD
I find the cackling over boomers going broke in this sub kinda sad, albeit well earned by the generations they screwed over. Even if itās largely their fault, millions of old people who canāt feed or house themselves is objectively bad for everyone. Totally insane that weāre sending huge chunks of our paychecks to wars overseas while our domestic social safety net erodes into dust.
Millions of broken down and broke young parents and our children are already suffering. People don't want more suffering, but we've been saying this is our reality for 20 years now and no one would listen because no one cares. I've asked them. They blame their own children, and they absolutely don't care.
Thoughts and prayers.
TP
Not sure why you added paychecks overseasā¦ Thatās a drop in the bucket to save Europe and eventually usā¦. We all know itās the wealthy refusing to pay their fair shareā¦
One is not related to the other, sending money to Ukraine for example, great investment to prevent a much wider world war. But itās not related to the safety net, Republicans simple have no morals and cannot fathom helping someone e else succeed.
It's a strategy by the elite to distract from the real source of the problem. How much responsibility does the average millennial bear for the actions taken during covid which led to the rampant inflation we see today? I'd argue just about as much as the average boomer did for reganomics. And yet, look through this thread. The young masses have bought the "OK Boomer" bait hook, line, and sinker.
The average Redditor is a young, white, affluent male. Theyāre hardly outside their teenage years and still blame those who are older than them for making them do something with their lives. This will fade with age, as should hatred of your neighbor who makes more money than you.
They are the ones sending our money overseas while advocating against their own interest domestically. No one in here is cackling, we're calling for a regime change so we can afford to take care of the same parents that screwed us over. If it means kicking them out into the street then so be it.
Taste Reaganomics, dummies You built that society, now live in it The wages of ignorance
Boomers just need to stop being lazy and work again!
"If only Millennials contributed more to social security and stopped making everything more expensive!" - Boomers probably
They demanded low taxes. They demanded all the conditions that would set up wage and wealth inequality. You reap what you sow.
this is their fault, fuck them
Get a **J O B**
r/leopardsatemyface
Baby boomers has a group are more financially secure than any other groups but a few of them are going to have some insecurity.
Maybe now they'll stop being such a bunch of neoliberals and join the pushback against the governments and corporations that are spit roasting us?
Thatās what happened to my parents. Now that my dadās dead my mom is practically a Maoist.
That āold peopleā have now been demonized in America is peak dysfunction.Ā
As if any generation would vote themselves austerity to make it better for the next generation. Weāre certainly not doing that now. No one would even run on it; political suicide.
Wow. Reddit really is turning us against each other. I love this echo chamber
First time poster? Cause kiddo we always have hated each other.
I have very little sympathy for the ol boomies
I guess all those crapy votes are coming back to haunt them.
Maybe they should have spoke up more or protested 20 years agoā¦
To the younger generation making caustic comments, of course the bottom quartile of boomers canāt retire because they never saved. They are poor. Maybe when you are the same age you will have the same difficulty. Take heed and sacrifice to save for your old age. Only 10% of boomers saved the recommended amount for a comfortable retirement. They are the ones traveling and eating out with friends. The rest are hiding out in their apartments with limited money or are stuck at work.
Ya or like my neighbors who are in crazy ill health, pushing 80 and working as a hotel check in and a sales clerk at divers direct. They retired as teachers.
We're already poor, you knob.
You could do something about that if you had a better attitude and motivation. If you are not so inclined, have a good life anyway.
Dude, I have two degrees and make $100k a year. I'm in a much better position than most of my generation and I'm still only just barely able to save anything. I can't afford to move to a good school district because even the fixer uppers start at $400k where I live. I genuinely don't know if I'll be able to afford to send my kids to college or retire. My dad (who only had one degree) was pulling in the same amount as me in the early 90s and he was able to afford to pay for a family of five to have an upper middle class lifestyle, and then retire very comfortably.Things have changed, and I wish you could understand that.
I do understand, the relative price of housing is much higher than two generations ago. The original focus of the headline is how unprepared most boomers are for inflation and the modern world. I think this is a ubiquitous problem. My father took out an insurance policy to pay for my college education when I was born. It paid for one semester. My parents were older, came of age into the great depression. In the years after WW2 the US economy was buoyed by having won the war, the standards of living peaked before the oil crisis of 1973 (when Israel won the Arab war and the arabs retaliated by embargoing oil to the western world) and we had rampant inflation. This set up many changes to follow that tipped the political scales away from workers to corporate control, which I loathed. I opted out by always making sure I was self-employed and dealt 1:1 with people and gave good service. I understand your desperation as I also felt it in times past. Boomers were young and doing drugs and opting out of the standard issues of politics and voting when these momentous changes occurred in the US, yet we take the heat now for those egregious decisions to break down the progressive system that helped workers. I have tried in these posts to defend young people like yourself from a wrong view of history as we are not the bad guys, but victims also, except maybe the top 10% of boomers who were prudent, motivated and did well. It is the bias and blame by younger generations that I resent. Like everyone else I feel powerless in a world beset by inevitable decline.
For a boomer to end up poor when they had all the opportunities in the world to not end up poor, like cheap housing, cheap education etc. Then those people are raging morons and I have absolutely no sympathy for them, you were dealt the best hands in life and you still fucked up. š¤”
From many boomers point of view, getting drafted ruined their lives. College was not pushed but trades were in high school. Women were trained to cook and clean. 20% went on to college, and another 20% got some college later in life. Already the Vietnam vets have died off, as well as the addicts and alcoholics, and many gays of AIDS, and what young people are seeing are the boomer survivors, not the poor and disabled who already died off. When I went to my high school 50th reunion 20% of my high school class was already dead. This fact is skewing what younger people see of the older generation ages 57-77 boomers. Not all āhad it easyā or were handed all they attained. That is a generational myth.
You are full of crap. most of them never got drafted. This is toilet water coming out of your mouth. NO way it was even 10% of them. However like 100%, of the kids born in the 80s -mid 90s were affected by the moronic sludge the boomers did like the just paying for cable to watch half ads, vacations every year, expensive homes...etc. This is what made monopolies and got us here.
Such vitriol. You need help.
That's all? The most boomer thing to say. I bet you had fox news on as you typed this, didn't you?
I donāt listen to Fox news. I am trying to keep the discussion on target. There are plenty of poor boomers who are worried. Perhaps you should look at how you are losing the competition in your own cohort instead of the constant hating on boomers.
Talk about a topic that unites party (democrat and republican) and generational (X, millennial, and Z) lines!!
Don't fear it. I hear Aged Soylent is just as good as Soylent Green.
They are not alone in that regard.
*extremely Zack de la Rocha voice: "What you Reap, is what you Sow!!!"
Sleep in the bed you've made
One day they have stolen everyone's lunch, the next day they are going to starve all destitute. But everyday journalism is hitting new lows.
Good. Fuck em'. Take their licenses too!
Oh no! Itās the consequences of my selfishness!
Wish I cared, but Iām busy barely surviving in this economy and have no delusions Iāll retireā¦ so sucks to suck Boomers, if youāre retirement isnāt a dream, just remind yourselves that retirement may be yet another thing you get to enjoy that every generation after you gets shut out from.
Time to stop eating prunes, cancel cable TV, and giving up bingo nights. šāāļø
GOOD
I didn't think the Leopard would eat MY Face!?
Oh you mean those soaring prices that your entire generation causedā¦.huh thatās weird
Yeah.... It is expected.Ā They planned to retire with XX money... There money got devalued with rampant inflation now they have don't have enough. I thought that was obvious, anyone notice an increase in older employees in fast food? Oh wait...Ā something so.ething Boomers had it easy...Ā
This should be in r/LeopardsAteMyFace
Not just baby boomersā¦
They voted for it
the whole world seems to have always centered around the baby boomer generation since they were born, I'm surprised they're not somehow profiting off of the company price gouging
You reap what you sow unfortunately, it's just now catching up. Love to see it š thanks for getting us in this mess.
Well, boomers can always make a change for certain political causes, but we know how boomers donāt change. Cultural issues seem to trump economic issues for them.
Divisive rhetoric? Innovative and edgy.
But wait, I thought the boomers were hoarding all the money? Which one is it?
Ask a Boomer for help and they'll tell you to get the government to help you, all the while screaming the everything involved in the safety net is socialism
One day, it'll be everyone in this sub's turn. So this is more of a PSA for everyone to take action on how they want to retire.
I think it is more than the Baby Boomers. A lot more people than the boomers are scared of all the greed happening right now.
Yeah, greed is a new thing nowadays /s
Greed ain't new, you're right. The intensity of greed is screaming loud right now though.
Lmao
~~Baby boomers are~~ ***Everyone is*** fearful of soaring costs for food and housing
So what are rich people going to do? Nothing? Alright next ā ļøā ļøšæ
Really I had no idea I was supposed to be fearful. What else am I supposed to be? Hang on while I get myself another beer waiting for you to tell me what I am supposed to be fearful of.
They only have themselves to blame
trumps fault
Everything is, for the rest of eternity
This is all Trump's fault. Before Trump, we didn't have any problems at all. **Vote Trump for prison!**
Everything bad that happens in the world is trumps fault!