Reply to Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles

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Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"

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[quote=Anonymous]No generation is a monolith. In my family, millennials have done well professionally but did no receive much of any help with school or early finances, and thus carry a lot more debt than their parents did at the same age. They've also received less help with childcare. Meanwhile the boomers have enjoyed very nice retirements, travel extensively, don't help out much or at all with grandkids. And now those boomers are hitting their 80s and expect their kids to take care of them, to bring the grandkids around all the time, to drop everything for them.

It has produced resentment.

But I know from paying attention that not every family is like this. I think in my family it stems from the experiences and finances of prior generations. Boomers were the first in the family to have disposable incomes of any kind. They viewed their kids as so lucky to grow up middle or UMC, but didn't adopt the practices of other UMC families in terms of supporting the next generation. They just didn't know because they didn't receive that help. They don't understand how economic pressures shift over time but also as you move up in SES.[/quote]

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