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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They retired early. [b]By 45-55, most boomers could retire especially if they had a pension.[/b] There were certain city jobs like police officers where if you work 20 years, you get a pension for the rest of your life. You would still be young enough to vacation, pay off a house, and afford your kids’ college tuition.

Now the tuition is the cost of a house and pensions don’t exist.  The  concept of working for the same company for 20 years is something that died with boomers and maybe a few older Gen X. Such a concept is foreign and completely alien to millenials.

[/quote] :lol: You're joking, right? I don't know anyone who retired at that age.  But go on, fantasize about this mythical generation that had it soooo good instead of acknowledging that different people had different experiences.

By chance, are your parents jerks? Sometimes I find that people resent their boomer parents and apply that resentment to everyone that age.  But, regardless, how about doing some actual research before making absurd statements about "most boomers"?[/quote]

+1  I think the concept of "retiring early" had emerged with the tech boom (business not requiring initial huge capital investments unlike other traditional businesses) and creation of the young millionaire class, which was pretty much a unicorn concept many decades ago.  Wealthy young people were primarily those inheriting their wealth, vs. current generations of young entrepreneurs able to sell their companies in their 30s to retire with many millions or reinvest into other startups.   Crypto created a slew of new millionaires who tend to skew young as most older people with money are too cautious.   I feel overall younger generation now is wealthier due to capital infusion into various startups (for every sphere of life) and job hopping for better pay becoming a norm as well as juggling multiple streams of income.  Yes, it's way harder to have to hustle than to work the same job for decades and get hooked up with pension and never skip a beat on health insurance.    Which is another thing dragging us all down,[b] the atavistic attachment of health insurance to Full time employment for a large company. [/b]

Many opportunities and juggling different streams of wealth creation is why younger people feel screwed over,  it's hard to manage all the info and make decisions, and there is no "recipe" but they still have more tools in the toolbox than older generations to get the wealth IMHO. [/quote]

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