Reply to Why do people think Boomers had it so good?

Forum Index » Money and Finances

Reply to "Why do people think Boomers had it so good?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Boomers always point to housing interest rates because it's the only metric that they can bring up to show hard financial times.  College was basically free. 
 Retirement was taken care of for you as long as you punched in on time.  All you had to pay for was a house and whatever your hobbies were.

But the resentment is much more about how public policy supported middle class people through Boomers' youth and early professional lives, they benefited from those policies, and then voted in landslides to reverse them and allow all the wealth to be hoarded at the top of the distribution chart so that they could save 3% on their personal taxes.  Then when their kids and grandkids get out of college and look around like "how exactly am I supposed to save for retirement *and* my kids' college *and* a down payment??" Boomers' reaction is to pretend like those very real and overwhelming concerns are symptoms of entitlement and a result of Millennials' personal choices like toast toppings and not Boomers' decades of selfish votes.

Since you asked.[/quote]

+1.

Too many of them. The bubble they represented drove inefficient infrastructure spending.  The school district where I live had 15K students during the Boom, now has 5K.  Great little town.  School Board had to knock down a bunch of elementary schools.  We still have several schools that are about 100 years old.  So it wasn't age but lack of need that got the schools torn down.

The hippie/free love thing.  Then the AIDS crisis was tied to that generation.  Because of all their bad judgment we got to live in the "S3x can kill you" era.

They have clogged up the workforce.  Very hard to rise with grandfathered pension elders who won't stop working.

https://www.google.com/amp/s/amp.smh.com.au/lifestyle/im-a-millennial-and-i-am-sorry-for-killing-everything-20170813-gxvbne.html[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics