Reply to Why do people think Boomers had it so good?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the difference between me and my peers and our boomer parents is that they are just far more frugal than we are. My parents saved and scrimped and said "no" a lot. I will fully admit that I spend so much more, and my kids have so much more than I did at their ages. A lot of this is about spending vs saving. We could all do better.[/quote]

BINGO!!

My parents also scrimped and saved and said "no" majority of time to anything that was not a need.  
Heck, I was in college before they got a Color TV (I'm early 50s now) and didn't have cable/streaming until they were in their 60s.  
Dining out when I was in MS/HS was Pizza or a trip to "Golden Corral" (entire family eats for $5-6 each person)

SO while it's not all about saving vs spending, you have to admit most people have a significantly longer list of "needs" now than our parents did.

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I think it obviously varies a lot. My in-laws are MC BIG spenders: dinners out several times a week always, restaurants, drinks, many many clothes, three TVs.  These types of boomers are not doing well financially. They're the first in line for pricey phone upgrades, still pay for expensive cable. In my mind boomers do not equate good financial sense or frugality at all. If anything they are a model of how not to be.[/quote]

Definately varies!  For my parents, both grew up poor, very poor.  Think working on a farm and paying your own way to college poor.  And other was sole child with single parent (not that common in 1940s), so that child (my parent) started working 20-30 hr/week last 2 years of HS and never had a chance to even go to college.  So parents continued to be frugal.

Now it paid off, they had enough saved to go to a CCRC (well not enough themselves, we had to pay the entry fee, but otherwise they have enough), and are now living the best life in their 70/80s+ with people who are worth 10-20X+ what they have.

But it is still hard to convince them to spend anything, despite fact I've told them I dont' need it (we don't).

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