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]

Medical insurance was a lot better back then too (except for the pre-existing conditions part).  My parents' employers paid a much higher percentage of the insurance premium and their plans were much better too.[/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