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[quote=Anonymous][quote=Anonymous]11:38 poster here.

Let me clarify, I don't hate Boomers.  My parents are Boomers, and they have had their share of hardship.

That said, my parents are the first to say that a lot has gone wrong on their generation's watch.  For example, the whole McMansion thing was primarily *started* under the Boomers.

I would also say that many Boomers have suffered from the elimination of pensions, but it's also primarily Boomers who did the eliminating (i.e. Boomers started the move toward 401(k)s and eliminating defined-benefit pensions as well as breaking unions).

I know I'm not explaining this well, but my point is that resentment is directed at Boomers because a lot of these big changes happened under their watch.  That's not to say that those changes didn't and don't also hurt Boomers.

And yes, even the housing bubble.  Boomers were in the leadership positions and in charge of the big banks when all of this started in the early 2000s.  That's not to solely responsible.  My point was a lot happened under their watch.  No GenXer or younger was in charge of a lending institution in 2003.  No GenXer or younger was in a position of power to determine housing policy in 2003.  But of course, as real estate agents, loan officers, et cetera, GenXers and younger were still involved.  But they weren't at the top.

In fact, most GenXers and younger were buying when housing prices were already inflated.  They weren't/aren't the ones who came out on top of that pyramid.  That's my point.[/quote]Wow. You really need a good course in research methods. You argue that the variable that explains all these problems is the generation to which various people belonged?!!!??  That's like me saying that Gen Xers and Millenials are responsible for all the mass school shootings because it is younger men who have committed them.

Seriously, pp, I usually try to avoid harsh judgments of people who seem to be trying to sort things out but you really have a problem understanding the difference between causation and correlation.  And as I mentioned earlier, while you're trying to pin the blame on a whole generation, the financial industry will go on trying to avoid regulation so they can rake in the profits during the next bubble and laugh all the way to the bank. And by that time your generation will be in charge! And you know who I'll blame? Greedy people in the financial industry because they will be the ones to blame. Maybe lots of them will happen to be from your generation but I am smart enough to know that that is not the thing that explains their behavior.

BTW, I never had a McMansion, never wanted one, and I know lots of boomers who feel the same way.  But go on, just assign blame to a whole generation.  You'll make the financial industry very happy.[/quote]

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