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[quote=Anonymous][quote=Anonymous]Boomers have had 40 years to build their wealth, millennials maybe 15. Forget housing costs, mortgages etc., it’s really education debt where the boomers have had an advantage. Education inflation has outpaced just about everything else.[/quote]

+1 and they benefitted twice.

Boomers went through college for next to nothing (or nothing). They had no college debt.

But then a lot of Boomers convinced their kids that not only was college essential, but you should aim to go through the best college you could get into. And if the family couldn't afford it, well there are these student loans now. It's "good debt." You'll make so much money when this degree from a school I get to brag to other boomers about you'll pay then off in no time!

(JK you'll get laid off twice and spend 30 years crawling out if that debt and be unable to buy a house).

So Boomers had to pay for zero college educations because theirs were mostly free and their kids were paid for through loans.

Meanwhile millennials had to pay for their own education cations via loans and, if they have kids, have to save up the cost of college because it will be even more expensive for their kids and they don't want their kids burdened with loans as they were.

And yes: not all boomers. Not all millennials. But when you find someone railing about boomers take a look at their background-- you'll find a lot of people who borrowed money to attend colleges their parents really wanted then to attend (colleges that sound impressive) and are bitter that their parents unwittingly led them down a path of debt.

A lot of Millennials got bad financial and education guidance from their parents and when they complain about boomers they are talking about their specific boomer parents. And they have a reason to be upset, frankly.[/quote]

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