Reply to Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just accept it, narcissistic boomers.

https://www.washingtonpost.com/business/2019/12/03/precariousness-modern-young-adulthood-one-chart/

https://fortune.com/2022/10/27/millennials-versus-boomers-wealth-gap-doubled/

https://www.census.gov/library/stories/2022/08/wealth-inequality-by-household-type.html

https://www.pewresearch.org/social-trends/2019/02/14/millennial-life-how-young-adulthood-today-compares-with-prior-generations-2/

https://trustandwill.com/learn/generational-wealth-gap

Etc etc. [/quote]

Undeniable.[/quote]

They are comparing aspirational lifestyle,  what Boomers may have now, not what they had then. Nothing has changed, Boomers had it actually worse. Secondly,  there is a LARGE age difference in Boomers.  Younger Boomers are the parents of millennials, not the older Boomers whose kids are Gen X. There's so much nuance lost resulting in stupid threads like this from this generation. Bottom line- you have to go through same hoops. Sorry,  no short cut. [/quote]

No, that would be stupid. The studies literally compare them at equivalent ages. Boomers can’t be troubled to actually read the data before arguing that they are special and misunderstood![/quote]

I'm a boomer who struggled financially to a degree, bills were paid, but it was tight- until  around retirement, and we are pretty middle class- no great wealth here. College, 2 grad degrees,  professional job, same with spouse.  There were literally zero breaks - stock market, mortgage rates, day care, everything. No hand outs.   No large house, used cars, a beach trip to OC once a year. Not a lot of perks. All our peers are in the same boat, many are in higher paying fields,too, including law and medicine. This was a reality for Boomers born in the late 50s,  early 60s- there was absolutely no big wealth going on unless there was a special circumstance-  I have Iranian 
friends  who came here with a great deal of family money. We know 2  married dentists who did  very well. A lawyer who traveled 80 % of the time,  but was never home. Yeah, they were wealthy. But most? No.

We got a little boost in the last 2 years only with housing inflation due to the shortage, but frankly that made up for being completely underwater in 2008 , for quite awhile, with the recession.  And, it's only about 100k more than in 2015. That's not a windfall.  Inflation happens in every generation.  How can we be lacking in self awareness when we actually lived it? Not every Boomer inherited wealth, and most didn't.  I have friends who still have their parents who are in their 90s and older! There isn't  any $$ left.

These metrics presented are very nuanced toward some bias, and skewed beyond belief. Most of this has to do with the generation before us, our parents,  and the very oldest  Boomers, not the parents of millennials at all. You are very misinformed but clearly are just mad at something.  How about just grow up? An idea for you. Sorry, but you have to go to work. We did- 60 hour weeks most of the time. Nothing handed to us.[/quote]

Oh gosh, I'm sorry you had it so rough.... :cry:  :cry: [/quote]

Uh, aren't YOU the whiner here, sweetie? Get over yourself.  [/quote]

Who raised these millennials to have such bad manners?  Parenting fail.[/quote]

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