Boomers can’t downsize

[Anonymous]

My husband was born in 1961, so technically a Boomer. I'm 8 years younger. We still have a middle schooler and thankfully a 3% mortgage. No way we'll be ready to move an sell for many years still.

[Anonymous]

Think less expensive places: PA, WV, the Great Lakes, interior VA, interior NC, SC etc. Plenty of places in all directions

[Anonymous]

Anonymous wrote:College is still dirt cheap. Except students and parents choose to pay more

For instance in MoCo and can earn enough APs to graduate in three years. The university of Maryland is like 12k a year with fees if you live at home.

So 36k for a college degree with zero aid full pay. Most get some merit or financial aid so even less.

Except kids choose to go to NYU, Syracuse, Georgetown and then complain about cost.

My old company in Bethesda we have $6k a year towards tuition part time workers.

One could do that and get 1/2 tuition paid.

With paycheck pay other half. But kids don’t want to do that

We are very fortunate in this area to have a number of schools within commuting distance (provided you get into UMD, which isn’t a given anymore, I guess those losers should go to MC instead). But those types of options do not exist everywhere.

[Anonymous]

Anonymous wrote:Think less expensive places: PA, WV, the Great Lakes, interior VA, interior NC, SC etc. Plenty of places in all directions

Yuck, no thanks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Looking here and the numerous send ups of Boomers on insta , I am here to say that most millennials are entirely unschooled as to who the Boomers were. Boomers are constantly confused with my parents' generation. None of this is true- about anything- housing, jobs, pensions, inflation, anything.

Tons of boomers born 1960- 1964 still working. SS is 67 and Medicare is 65. They are not old enough to retire.

Numerous boomers still have kids in HS and college. They are laying 2023 prices for college.

And pensions were phased out in the 1970s and 1980s most big companies. They just have 401ks. And they did not get medical on retirement.

For instance American Express froze its pension plan and post retirement medical benefits in 1991. And they were generous as never canceled. But you have to retire from there at 65 to get it and they did massive layoffs in 2000 and 2009. Do you really think there are anf pre 1991 employees left?

My first company canceled pensions in 1982 when rates shot up.

And 401ks unless you are paid very well and get a good match good luck.

My MiL worked in schools in a mid- western state and retired in her mid 50s with a 6 figure pension that will pay out until she dies. Even if she dies (up to a certain age) her husband gets it until he dies. It’s insane. She’s in her 70s now.

Another relative also a boomer worked PT in schools in the Midwest for the majority of her career! For decades she worked only part time then got an online ‘masters’ degree (not knocking online degrees but this was from a now defunct uni) and for the last few years worked in administration making 6 figures. She also retired in her mid 50s and allegedly gets her pension based on her last 6 figure salary and every year gets a 3 percent increase until she dies. Good old unions!

This is what taxpayers are paying for and what boomers voted for.

I am happy for your MIL and relative.

I'd say the Silent Generation put these policies in place that benefitted Boomers, and then Boomers changed the rules so us Millennials and Gen X not only don't get pensions or retirement plans, but also are saddled with six-figure student loan debt, rising housing prices, and exorbitant child care costs.

[Anonymous]

Anonymous wrote:My husband was born in 1961, so technically a Boomer. I'm 8 years younger. We still have a middle schooler and thankfully a 3% mortgage. No way we'll be ready to move an sell for many years still.

He’s 62 with a middle schooler? Makes me physically ill to think about 😊. I’m 62… my kids are 30+.

[Anonymous]

How nice of 14:13 to call kids who don’t get into UMD “losers.” Do you know how much harder it is to get into state flagship schools? Jesus. Also the suggestion that going to Montgomery College and transferring is only for “losers” is part of the problem (and why kids refuse to choose these options.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Looking here and the numerous send ups of Boomers on insta , I am here to say that most millennials are entirely unschooled as to who the Boomers were. Boomers are constantly confused with my parents' generation. None of this is true- about anything- housing, jobs, pensions, inflation, anything.

Tons of boomers born 1960- 1964 still working. SS is 67 and Medicare is 65. They are not old enough to retire.

Numerous boomers still have kids in HS and college. They are laying 2023 prices for college.

And pensions were phased out in the 1970s and 1980s most big companies. They just have 401ks. And they did not get medical on retirement.

For instance American Express froze its pension plan and post retirement medical benefits in 1991. And they were generous as never canceled. But you have to retire from there at 65 to get it and they did massive layoffs in 2000 and 2009. Do you really think there are anf pre 1991 employees left?

My first company canceled pensions in 1982 when rates shot up.

And 401ks unless you are paid very well and get a good match good luck.

My MiL worked in schools in a mid- western state and retired in her mid 50s with a 6 figure pension that will pay out until she dies. Even if she dies (up to a certain age) her husband gets it until he dies. It’s insane. She’s in her 70s now.

Another relative also a boomer worked PT in schools in the Midwest for the majority of her career! For decades she worked only part time then got an online ‘masters’ degree (not knocking online degrees but this was from a now defunct uni) and for the last few years worked in administration making 6 figures. She also retired in her mid 50s and allegedly gets her pension based on her last 6 figure salary and every year gets a 3 percent increase until she dies. Good old unions!

This is what taxpayers are paying for and what boomers voted for.

I am happy for your MIL and relative.

I'd say the Silent Generation put these policies in place that benefitted Boomers, and then Boomers changed the rules so us Millennials and Gen X not only don't get pensions or retirement plans, but also are saddled with six-figure student loan debt, rising housing prices, and exorbitant child care costs.

Nobody “changed the rules” .. based on winning WW2 with the least damage the world allowed the dollar to be reserve currency. Then everybody since 1976 decided to decouple the dollar from gold so we could print money and get manufactured products without having to work. Everybody is in on it and votes for it. Now the accounting is breaking since inflation is here to stay

[Anonymous]

Anonymous wrote:How nice of 14:13 to call kids who don’t get into UMD “losers.” Do you know how much harder it is to get into state flagship schools? Jesus. Also the suggestion that going to Montgomery College and transferring is only for “losers” is part of the problem (and why kids refuse to choose these options.)

I think they were being sarcastic towards the other poster's notion of easy in-state options.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My husband was born in 1961, so technically a Boomer. I'm 8 years younger. We still have a middle schooler and thankfully a 3% mortgage. No way we'll be ready to move an sell for many years still.

He’s 62 with a middle schooler? Makes me physically ill to think about 😊. I’m 62… my kids are 30+.

You are RUDE!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Looking here and the numerous send ups of Boomers on insta , I am here to say that most millennials are entirely unschooled as to who the Boomers were. Boomers are constantly confused with my parents' generation. None of this is true- about anything- housing, jobs, pensions, inflation, anything.

Tons of boomers born 1960- 1964 still working. SS is 67 and Medicare is 65. They are not old enough to retire.

Numerous boomers still have kids in HS and college. They are laying 2023 prices for college.

And pensions were phased out in the 1970s and 1980s most big companies. They just have 401ks. And they did not get medical on retirement.

For instance American Express froze its pension plan and post retirement medical benefits in 1991. And they were generous as never canceled. But you have to retire from there at 65 to get it and they did massive layoffs in 2000 and 2009. Do you really think there are anf pre 1991 employees left?

My first company canceled pensions in 1982 when rates shot up.

And 401ks unless you are paid very well and get a good match good luck.

My MiL worked in schools in a mid- western state and retired in her mid 50s with a 6 figure pension that will pay out until she dies. Even if she dies (up to a certain age) her husband gets it until he dies. It’s insane. She’s in her 70s now.

Another relative also a boomer worked PT in schools in the Midwest for the majority of her career! For decades she worked only part time then got an online ‘masters’ degree (not knocking online degrees but this was from a now defunct uni) and for the last few years worked in administration making 6 figures. She also retired in her mid 50s and allegedly gets her pension based on her last 6 figure salary and every year gets a 3 percent increase until she dies. Good old unions!

This is what taxpayers are paying for and what boomers voted for.

I am happy for your MIL and relative.

I'd say the Silent Generation put these policies in place that benefitted Boomers, and then Boomers changed the rules so us Millennials and Gen X not only don't get pensions or retirement plans, but also are saddled with six-figure student loan debt, rising housing prices, and exorbitant child care costs.

Nobody “changed the rules” .. based on winning WW2 with the least damage the world allowed the dollar to be reserve currency. Then everybody since 1976 decided to decouple the dollar from gold so we could print money and get manufactured products without having to work. Everybody is in on it and votes for it. Now the accounting is breaking since inflation is here to stay

Huh? Boomers definitely changed the rules on pensions at their companies, who gets them and how much they pay, then cancelling pensions altogether and forcing employees to fund 401Ks dependent on the market while simultaneously increasing inflation, causing market crashes in 2001, 2008, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Looking here and the numerous send ups of Boomers on insta , I am here to say that most millennials are entirely unschooled as to who the Boomers were. Boomers are constantly confused with my parents' generation. None of this is true- about anything- housing, jobs, pensions, inflation, anything.

Tons of boomers born 1960- 1964 still working. SS is 67 and Medicare is 65. They are not old enough to retire.

Numerous boomers still have kids in HS and college. They are laying 2023 prices for college.

And pensions were phased out in the 1970s and 1980s most big companies. They just have 401ks. And they did not get medical on retirement.

For instance American Express froze its pension plan and post retirement medical benefits in 1991. And they were generous as never canceled. But you have to retire from there at 65 to get it and they did massive layoffs in 2000 and 2009. Do you really think there are anf pre 1991 employees left?

My first company canceled pensions in 1982 when rates shot up.

And 401ks unless you are paid very well and get a good match good luck.

My MiL worked in schools in a mid- western state and retired in her mid 50s with a 6 figure pension that will pay out until she dies. Even if she dies (up to a certain age) her husband gets it until he dies. It’s insane. She’s in her 70s now.

Another relative also a boomer worked PT in schools in the Midwest for the majority of her career! For decades she worked only part time then got an online ‘masters’ degree (not knocking online degrees but this was from a now defunct uni) and for the last few years worked in administration making 6 figures. She also retired in her mid 50s and allegedly gets her pension based on her last 6 figure salary and every year gets a 3 percent increase until she dies. Good old unions!

This is what taxpayers are paying for and what boomers voted for.

I am happy for your MIL and relative.

I'd say the Silent Generation put these policies in place that benefitted Boomers, and then Boomers changed the rules so us Millennials and Gen X not only don't get pensions or retirement plans, but also are saddled with six-figure student loan debt, rising housing prices, and exorbitant child care costs.

Nobody “changed the rules” .. based on winning WW2 with the least damage the world allowed the dollar to be reserve currency. Then everybody since 1976 decided to decouple the dollar from gold so we could print money and get manufactured products without having to work. Everybody is in on it and votes for it. Now the accounting is breaking since inflation is here to stay

Huh? Boomers definitely changed the rules on pensions at their companies, who gets them and how much they pay, then cancelling pensions altogether and forcing employees to fund 401Ks dependent on the market while simultaneously increasing inflation, causing market crashes in 2001, 2008, etc.

Yes, the Boomers were the first truly entitled generation who raised even more entitled children in the Millennials. What they didn't foresee was that they would end up bearing the brunt of their entitled children's wrath due to their own selfish and self-aggrandizing policies.

[Anonymous]

It's not "The Boomers" hoarding the wealth or sticking it to the "Millennials." It's the very wealthy of each generation - including and especially the elected officials - who are sticking it to everyone else in all generations.

[Anonymous]

Anonymous wrote:It's not "The Boomers" hoarding the wealth or sticking it to the "Millennials." It's the very wealthy of each generation - including and especially the elected officials - who are sticking it to everyone else in all generations.

How do you think elected officials get to be elected officials?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My husband was born in 1961, so technically a Boomer. I'm 8 years younger. We still have a middle schooler and thankfully a 3% mortgage. No way we'll be ready to move an sell for many years still.

He’s 62 with a middle schooler? Makes me physically ill to think about 😊. I’m 62… my kids are 30+.

So you missed out on being a young, single professional living it up and traveling with your friends. PP likely did all that, and will raise kids while you're having your empty nester fun. Pros and cons of each path.