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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait a minute..I thought all Boomers were hoarding money by staying in their 
house  purchased with the low interest rates when they were young teens-  that have now made them all wildly rich, preventing everyone else from owning any property ever. Oh, and taunting everyone with it.

So, no, it turns out it's not a thing? Oh. [/quote]

Sample size of one and draws a sweeping conclusion . . . You know what that says about you don't you? [/quote]

Yeah, it says that I know many many many many Boomers aged 58 ish to 75 who cannot afford to retire  at all and not because of their own  failures. They bought within their means, supported at least two children, paid  for colleges, weddings, music lessons, camps,  helped THEIR  parents out- you name  it, but the 2007 recession decimated their 401ks,  with this being the 3rd  big recession they lived  through starting with graduating from college in the worst one, with interest rates at 18% (!),  their houses were underwater for a long period of time from this last recession, and only were able to refinance to lower rates much later in the mortgage.  They 
only saw equity growth in these last 3 years.   
 They lose their health insurance if they retire and, even if they can wait to 65, they still pay for Medicare and a necessary supplemental plan- costing way more than everyone thinks. They drive 14 year old cars, take day trips, 
 and some are still helping their kids who lost jobs during the pandemic. Everyone is a professional with multiple degrees. It's worse for those who took a different route.

So, I'm here busting the big  myth, sorry if you prefer to remain in a delusional state of whining. [/quote]

The market has ups and downs but it keeps going up.  If they've lived within their means including saving the recommended 20% toward retirement, avoiding consumer debt, and they owned a home from the time interest rates were 18% (over 30 years ago, so it'd be paid off by now), then they'd be doing fine.  Along the way it may have meant they paid less for weddings, music lessons, camps and amount of $$ given to their own parents.  They are struggling now because they did not actually live within their means.   [/quote]

No again.  They absolutely lived within their means, but you assume there's one house along a 30 to 40 year trajectory. People move. People lose jobs, change jobs. People took some years off to  have kids, raise  kids, or return to work later. You forget- the previous generation did not have parental leave, and forget parental leave with pay, I mean actual leave without pay. Or sick leave for catastrophic  events or illness , or job security for these things. There was no DEI, so women were overlooked for advancement,  and that was white women- women of color had a bad time even getting the job in the first place, or to ever move up.  And daycare- you have zero idea what that nightmare was. Don't forget  the work environment- Sexual advances at work,  playing 
up all the time to toxic bosses  just to keep  the job. Being fired for breast cancer, yes, that was  thing.  Being fired for being pregnant, yes, that was a thing.  Getting half the pay as men.  Oh, and  if there was a divorce- game over. Women  generally never recouped any wealth after a divorce,  and frankly, that's  still a problem.  Women had largely "second income" jobs- not the salaries you think everyone had.
We plowed through  this mud for your generation so those weren't "things" for you. 
Yes, all the financial safeguards were followed, people tried to save,  but the end result is millions of Boomers who really can't retire and it has nothing to do with what they did or didn't do. [/quote]

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