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Reply to "I resent older relatives for not saving enough money "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Their lifetime high salaries were probably what your kids make out of college, and they worked with a lot less technology to make things easy for them.[/quote] Boomer hands typed this post Millennials earn less adjusted for buying power, and have more expenses, more college debt, more expensive housing, even insurance is more expensive When I was a kid my car insurance was $700 a month, I'm sure its worse now [/quote] Totally agree. Plus, Boomers are not helpful with their grandchildren the way their parents (silent generation) were. Boomers are the "selfish" generation that take from above and below. I think genX are the giving generation that give above and below. Maybe the millennials are striking the balance right with boundaries.[/quote] Your Boomer parents, you mean. Not seeing that at all in my wide circle. [/quote] Same. I’m older GenX. As for retirement savings, for many older generations there were company pensions that helped supplement Social Security. Lots of people lost their entire pension plans as companies went out of business or were bought out. Medicine is outrageously more expensive than it was for previous generations too. Regarding childcare and other help, that has always been family specific. I have tons of Boomer friends who are extremely involved with their grand kids. It seems like lots of posters here come from dysfunctional families. [/quote]
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