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Political Discussion
Reply to "Baby boomers ruined America"
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[quote=Anonymous][quote=Anonymous]Gen Xer here. I don't hate the Boomers. But I do think that with the invariable cuts to come, they are going to need to share the pain. You can't just raise the retirement age, Medicare age, etc for younger generations. Boomers will need to suck it up with the rest of us. Younger Boomers did lose a lot in the downturn, and I'm sure some of their retirements are delayed as a result. But the costs are higher for GenX and Y now than when the Boomers were younger - housing, college, gas, childcare, not to mention the coming costs for caring for elderly Boomer parents. The Boomers need to have some empathy for this - the average middle class X or Y-er can't save or build wealth the same way they did. We may never be able to.[/quote]Boomer here. By the time I retire, the full Social Security retirement age will be 66, not 65. And I'm in the middle of the baby boom (1947 - 1964) so there are a lot of people coming after me some of whom won't get full Social Security till they're 67. I don't have a problem with that. I don't mind waiting till later. I know there are a lot of us and that we are living much longer than originally expected when this system was first set up. But it's not like we're all going to get what we were originally promised either. We [i]are[/i] sharing the pain. Then again, I spend my time worrying about my kid (not a boomer) and I used to worry about my parents and in-laws before they passed (also not boomers). I'm very concerned about the prospects for multiple generations, not just my own. I think that's in the best interest of our country. http://www.ssa.gov/retire2/retirechart.htm Age To Receive Full Social Security Benefits (Called "full retirement age" or "normal retirement age.") Year of Birth* Full Retirement Age 1937 or earlier 65 1938 65 and 2 months 1939 65 and 4 months 1940 65 and 6 months 1941 65 and 8 months 1942 65 and 10 months 1943--1954 66 1955 66 and 2 months 1956 66 and 4 months 1957 66 and 6 months 1958 66 and 8 months 1959 66 and 10 months 1960 and later 67[/quote]
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