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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote]

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. 
[/quote]

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.

[/quote]

I am happy for your MIL and relative.[/quote]

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.  [/quote]

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[/quote]

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. [/quote]

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