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Reply to "Why do people think Boomers had it so good?"
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[quote=Anonymous]I'm GenX, who I grew up in Soviet Union in the 80s. Seems to me like the Boomer life was like life in SU during 80s in good parts of SU. Everyone had a good job, place to live, cheap/free schooling, retirement guaranteed, free/cheap healthcare. The difference was that nobody could build wealth really; there was also no need- the good times were going to last forever. Boomers have live for a long time. Just a little bit of investing, like $30-50 a month over time, would have been their source of wealth rather than a house or alongside. Few people did it as it was hard back then with fees, minimums, and lousy investment choices. It has never been easier to invest than now with computer in the pocket. Why concentrate on the housing. It has never been easier to get a job or two. Seems like nobody wants the jobs available. I'm being called in daily to work, so I know the jobs are out there. People seem to be concentrating on someone else's pensions, cheap college and that housing- all long gone. Investing is for millennials, but so is moving for a job, working from home, and changing jobs fast, working for oneself. The whole world can see your work online and they pay for it. That was not available before. The list of good things available to all of us nowadays is probably longer. I ended up investing and retired in my mid 40s. It's very hard to qualify for mortgage, but takes only $100 to start investing and learn from it. House is a liability, but what you learn while investing, is an asset. [/quote]
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