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Reply to "Boomers can’t downsize "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The Boomers paid like $1500 for tuition, $50k for their first home and then when their parents died at normal ages, got inheritances in their 40s. Now they’re super charged with modern medicine, loaded, and aren’t going anywhere. They’re also not maintaining their houses. Just check the market and see all the “as is” $1.2Ms that have fallen into disrepair. These folks need to start riding off into the sunset.[/quote] They were also making $40,000 a year with a masters degree. And their parents were primarily blue color workers- no inheritance. [/quote] +1 Thank you.[/quote] +2. Late boomer here. We graduated into a recession and took whatever job would pay the bills if we didn’t option of going to grad school. I paid 12% on a PLUS loan. [/quote] Millennials graduated into a recession too. You didn't have it harder, we all have had it hard. The comparison game doesn't look good on you [b]grannies[/b].[/quote] NP. You don’t need to be ageist. You could have left that off and still have been successful in your comeback. Ageism is pernicious. —genX [/quote] Graduated early 80s. Huge recession factories closing, massive inflation , 18 percent interest rates. Billy Joel singing “livin here in Allentown closing all the factories down our teachers lied that an education gets you a job” Springsteen sang The River “isn’t any work on account of the economy”. All the recessions since have never been bad enough for the most popular artists to write devastating lyrics about the difficulties. Life is way easier and cushy today but people don’t appreciate it at all and are treading water in a sea of covetousness and envy.[/quote] What a strange take re: music. [/quote] DP here I think but the point is that older generations also faced hard times. The music is influenced by the widespread economic issues like unemployment.[/quote] The point is that life is cushier now but the population is weaker physically and mentally. Results in more covetousness and whining. I think the average boomer can still beat up the average millennial.[/quote] Not sure about your last point since our generation is getting up there but the rest is true. [/quote] Boomers raised millennials. [/quote] Exactly. There are so many millennials because there are so many boomers, which is why the term “echo boom” was created. So if your parents are boomers, and you’re posting broadside attacks on boomers, do you hate your own parents? I think most of this anti-boomer posting is from Gen Z — or from millennials who were abused or who had non-boomer parents.[/quote] Shouldn’t the same question be asked in reverse of boomers - why are you posting nasty attacks on your kids generation? I see a whole lot of offended boomers on this thread taking offense to every last comment. Shouldn’t the boomer generation be more mature than the millennial generation based on their age? [/quote] With age come privileges. [/quote] We know. Your generation put into place all the crap policies the rest of us have inherited. You seem so smug and proud of that. You should unpack that in therapy. [/quote] The problem is that some of the Boomers have been enjoying their privileges like their movie discounts and boarding first on airlines since they were fifty five! Now they are 87 and still going first and getting served first, taking the biggest piece etc. You have been enjoying your privileges longer than half the population has even been alive. My parents can’t drive long distances so everyone has to come to them. They started this when they were 55. So I am now 60 and driving a twelve hour round trip to visit them! When do I get to be old and have privileges? I am thinking never.[/quote] Right there with you pp. I'm 56 and doing the same damn thing. We would eventually like to downsize and move when we can finally retire at age 70. [/quote] Late boomer here. Not for us. They keep moving the goalposts so that we have to wait longer than our older counterparts for everything. Haven't qualified for a discount yet. We have to wait until 67 to retire, if it doesn't get moved again. We 60's born boomers should have been part of Gen X. [/quote] GenX boundaries are weird and don't reflect similar experiences. Those of us born into 70s especially 2nd half of 70s have similar problems to millenials. We started with low salaries high college costs and already expensive RE. And we won't retire probably ever if health costs keep skyrocketing and medicare options getting thinner and delayed into older age. Not to mention not all of us are confident we even will get Social Security we paid into our entire decades of professional lives. whatever appreciation we got in our assets we started buying with lower interest rates when prices shot up will be eaten up with inflation. Maybe the only delineation is between Boomers eligible for pensions and those not eligible. The fact that we switched as society from ensuring retirement for people working multiple decades to having people fend for themselves and invest (second job not many do well or even able to do) was a big turning point. Also entry of many more women into the workplace drove wages down not keeping up with inflation, employers definitely benefited. Costs of childcare and penalties for having kids (abysmal maternity policies and poor workplace support for mothers) had set a lot of families back making those who wanted to generate and keep their savings work mad hours and sacrifice their physical/mental health and family life. [/quote]
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