What do you think : Boomers climbed up the ladder and pulled it up after them.

[Anonymous]

And just as we're getting ahead the boomers at the federal reserve jack up interest rates to pull the run from under us. It's criminal

[Anonymous]

There is absolutely no debate.

Millennials will be the first generation in US history to acquire less wealth than the generation before it. Boomers have and had more wealth at every decade in life compared to Millennials. Housing costs, even after adjusted for inflation, are much higher now compared to when Boomers had to buy even with high interest rates. Health care costs and day care are patently absurd.. Generations of Americans are worse off than the Boomers were by almost every objective measure.

[Anonymous]

Anonymous wrote:There is absolutely no debate.

Millennials will be the first generation in US history to acquire less wealth than the generation before it. Boomers have and had more wealth at every decade in life compared to Millennials. Housing costs, even after adjusted for inflation, are much higher now compared to when Boomers had to buy even with high interest rates. Health care costs and day care are patently absurd.. Generations of Americans are worse off than the Boomers were by almost every objective measure.

It's not that big a gap. According to the Fed, on an adjusted basis, a 33-34 age Millenial had a net worth $227K in Q1/2022, compared to $251K for Gen X as a similar age and $239K for Boomers.

You are the whiniest generation, though, so there's that.

[Anonymous]

Boomers have destroyed the environment. They built the whole infrastructre (houses, shopping malls, schools) around cars and cheap oil. They have destroyed the water resources and poisoned the land. Nevertheless they keep on cruising, flying and driving with their SUVS. The young generation has to pay for it.
Signed a boomer

[Anonymous]

Anonymous wrote:Don’t you guys ever get tired of blaming boomers? What a way to waste your mental energy.

It is fun though.

[Anonymous]

Anonymous wrote:There is absolutely no debate.

Millennials will be the first generation in US history to acquire less wealth than the generation before it. Boomers have and had more wealth at every decade in life compared to Millennials. Housing costs, even after adjusted for inflation, are much higher now compared to when Boomers had to buy even with high interest rates. Health care costs and day care are patently absurd.. Generations of Americans are worse off than the Boomers were by almost every objective measure.

Don't forget college. There are millennials with monthly loan payments that would have covered a year of college for boomers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is absolutely no debate.

Millennials will be the first generation in US history to acquire less wealth than the generation before it. Boomers have and had more wealth at every decade in life compared to Millennials. Housing costs, even after adjusted for inflation, are much higher now compared to when Boomers had to buy even with high interest rates. Health care costs and day care are patently absurd.. Generations of Americans are worse off than the Boomers were by almost every objective measure.

It's not that big a gap. According to the Fed, on an adjusted basis, a 33-34 age Millenial had a net worth $227K in Q1/2022, compared to $251K for Gen X as a similar age and $239K for Boomers.

You are the whiniest generation, though, so there's that.

Ahhhh it'll fill us all with so much joy when we take over and cut social security and Medicare benfits for pompous dbag Boomers who ruined the entire country.

[Anonymous]

Anonymous wrote:Boomers have destroyed the environment. They built the whole infrastructre (houses, shopping malls, schools) around cars and cheap oil. They have destroyed the water resources and poisoned the land. Nevertheless they keep on cruising, flying and driving with their SUVS. The young generation has to pay for it.
Signed a boomer

It started post-WWII though, the boomers just continued it.

[Anonymous]

Anonymous wrote:Boomers have destroyed the environment. They built the whole infrastructre (houses, shopping malls, schools) around cars and cheap oil. They have destroyed the water resources and poisoned the land. Nevertheless they keep on cruising, flying and driving with their SUVS. The young generation has to pay for it.
Signed a boomer

Lol @ “signed a boomer”. Sure you are!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is absolutely no debate.

Millennials will be the first generation in US history to acquire less wealth than the generation before it. Boomers have and had more wealth at every decade in life compared to Millennials. Housing costs, even after adjusted for inflation, are much higher now compared to when Boomers had to buy even with high interest rates. Health care costs and day care are patently absurd.. Generations of Americans are worse off than the Boomers were by almost every objective measure.

It's not that big a gap. According to the Fed, on an adjusted basis, a 33-34 age Millenial had a net worth $227K in Q1/2022, compared to $251K for Gen X as a similar age and $239K for Boomers.

You are the whiniest generation, though, so there's that.

Maybe net worth is similar, but costs for things like housing are much higher — which translates to being unable to own a home. That’s the #1 issue.

BTW GenX was just that high for that time period because of the dot.com bubble; it plummeted soon after.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boomers simply got lucky. They inherited the post WWII "golden age" of American capitalism and benefitted from it.

They didn't pull the ladder up; they just weren't clever enough to keep the ladder in place for subsequent generations.

Fair to chastise them for being fools, especially as compared to the greatest generation.

Probably not fair to criticize them for "pulling the ladder up". They were too busy gazing at their own navels to even see the ladder.

If you look at the major expenses that you'll face; boomers decimated funding for higher education at the state level leading to a situation where you have to save from birth to afford a child. They where the impetus behind the ridiculous regulation that makes large scale housing developments (i.e. the developments that their parents moved out of cities to raise them in) impossible. They've done nothing to shore up social security or medicare despite being in the best position demographically to do so and now both programs will be on the brink of insolvency when it's gen X's turn to start using them

This is all stupid. And I am not a boomer. You cannot compare lives by generation in the way you want to. By any measure if life better for people in the us today than at any time in the past? Yes. Will it be better for future generations? Yes there is no doubt. But better could be different. Can you do the same as your parents and get the same economic result? No. No generation could.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is absolutely no debate.

Millennials will be the first generation in US history to acquire less wealth than the generation before it. Boomers have and had more wealth at every decade in life compared to Millennials. Housing costs, even after adjusted for inflation, are much higher now compared to when Boomers had to buy even with high interest rates. Health care costs and day care are patently absurd.. Generations of Americans are worse off than the Boomers were by almost every objective measure.

Don't forget college. There are millennials with monthly loan payments that would have covered a year of college for boomers.

Yes, but what about the boomer parents who saved in 529s and fully paid for their millennials college education?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boomers put in long hours, don't work from home and dont use social media all day.

Some did. Boomer wives where able to not work. Boomer families could enjoy a relatively comfortable standard of living based on those hours. From the time that they had the numbers to control elections, they've vacillated between voting for lower taxes and better benefits for themselves. They have medicare and social security, but they never bothered to shore it up for their kids and grand kids.

I was raised by boomers. You want to live like my boomer parents? Feel free!

We had one car growing up and my mom would drive into DC each day to drop and pick up my dad. We never flew anywhere, I got my passport when I was an adult and rode in a plane for the first time at age 20. We never went out to eat and my mom cooked simple meals at home. Most days I packed a lunch of peanut butter and jelly in a brown bag. We did not play travel sports, nor were we allowed to go to college out of state. My mother sewed us all of our clothes when we were little and my “sneakers” were cheap white keds. There was no internet or cable TV. Wr had PBS and they watched Masterpiece Theater at night. Wr never had a kitchen or bathroom remodel and I still remember the orange shag carpet in my bedroom I shared with my sister.

My parents are now retired and still live modestly. None of you on DCUM could live like my parents did. Your be screaming poverty.

So so so much whining by my fellow older millennials comrades. However you are just mad that you can’t live an Instagram lifestyle. Pathetic.

The prices for everything have risen out of proportion to wages. Fabric is now more expensive than fast fashion. Those cheap white keds are now an hour’s labor or more for a parent earning minimum wage. Gas is to expensive for a housewife to commute into DC twice a day so her DH doesn’t have to use public transportation.

You are correct, fast fashion is cheaper than ever! Guess what? Gas mileage is also so much better now. How many MPG do you think cars got in the 80s and early 90s? Want to take a stab at interest rates in loans while you are at it?

Problem is you all are hypocrites and spend so much time on social media envious about what everyone else has and the so warped at to what a middle class life is.

Carry out in my house? Never happened. People here are drunk on dining out. So many restaurants to choose from while everyone is crying poverty from their newly remodeled kitchen they hardly cook in.

When two parents have to work, take out isn’t a luxury. Fast fashion is exactly what you call it - CHEAP. It lasts for a few washes at most. Another great invention of your generation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boomers have destroyed the environment. They built the whole infrastructre (houses, shopping malls, schools) around cars and cheap oil. They have destroyed the water resources and poisoned the land. Nevertheless they keep on cruising, flying and driving with their SUVS. The young generation has to pay for it.
Signed a boomer

Lol @ “signed a boomer”. Sure you are!!

Boomers enacted the Clean Air and Water Acts and started the first Earth Day. Boomer Al Gore won the popular vote and would have put us on a path to cut greenhouse gases two decades ago. Instead, the Electoral College put a different boomer in office.

Painting all boomers with same broad brush is the same as making generations about all Black or Brown or White people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boomers have destroyed the environment. They built the whole infrastructre (houses, shopping malls, schools) around cars and cheap oil. They have destroyed the water resources and poisoned the land. Nevertheless they keep on cruising, flying and driving with their SUVS. The young generation has to pay for it.
Signed a boomer

Lol @ “signed a boomer”. Sure you are!!

Boomers enacted the Clean Air and Water Acts and started the first Earth Day. Boomer Al Gore won the popular vote and would have put us on a path to cut greenhouse gases two decades ago. Instead, the Electoral College put a different boomer in office.

Painting all boomers with same broad brush is the same as making generations about all Black or Brown or White people.

While also popularizing Hummers, 6000 sqft McMansions, and blocking all urban development to reduce congestions and prolong our addiction to car culture.