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[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]

My MiL worked her tail off, but she said during her lifetime she voted to cut those kinds of pensions for those who came after her.  My relative worked PT for most of her career (and took plenty of paid leave) and gets a 6 figure pension (gotta love Illinois).  This is based on what they both told me.  Granted they both want “small government”

I don’t know how you think people can fund these pensions.  It’s coming from taxpayers and many people will live to their 90s (both of them had parents who lived to late 90s).  It’s not sustainable.  [/quote]

Big government causes massive inflation with no gold standard, massive consumption with no production, distributing money to people that produce nothing and money printer goes brrrrrr.

Inflation is the tax of sloppy big government. [/quote]

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