Come on son, we worked hard and ruined the economy and the climate and the nature, now be a good boy and pay for our retirement.
Unsustainable system finally collapses under the weight of greedy spoiled generation when their children cannot compete with their parents enough to continue supporting said unsustainable system.
There fixed that shit.
Those fools need to get the fuck out of here with that nonsense!
alternate phrasing: boomers stuffed all their money in their bank accounts instead of building a world their kids could afford to live in.
As always it's your fault that you weren't born into a rich family. If you want to get rich you have to be rich, it's not hard. Some of the dumbest members of our society manage it all the time.
While I can agree about their failures, "don't save it's bad for the consumer economy" can go to hell.
i'm not saying "don't put money into savings", i'm saying every now and then, people should make a decision that benefits the world as a whole rather than just their personal financial situation.
boomers didn't sacrifice their own spending to build their net worth, they sacrificed *public* spending to do it. and not just public spending, but things that are literally free. like, deciding nobody should ever be allowed to build more housing anywhere ever, because that makes their real estate investment go up.
Corrected headline: boomers voted in austerity assholes and now their kids have to pay for it with their money
No one is mentioning upper management and CEO's pay. The money is trickling up, and that's more of a problem than all of the other factors combined.
My Y daughter is doing well, maybe it will be shitty for her to buy a house or condo but she can. My Z one, yeah, I'm helping her, paying stuff here and there like groceries, microwave, etc, she's in her own flat and all and is not too bad but still, rent is 40% of her earning. It's ok to help your kids.
I absolutely agree! It’s not a competition, we are all living in the same world with the same problems.
Families are at the centre of any society. Families function best when they help each other out. Parents are meant to sacrifice to help their children, just as their adult children should sacrifice later in life to help them.
Oh, I'm sorry, of course...it's OUR fault that we're broke!
According to Forbes? Of course is the fault of the impoverished they didn't take personal responsibility. Forbes is a magazine for persons with stock portfolios.
That's pretty much the main thesis used to justify capitalism. You have the money you deserve. If prosperity isn't merit-based, then capitalism would be a horrifying abuse of the underclasses.
Good, perhaps the boomers will recognize how impossible the current structure is to live under and actually pay attention to what they are voting for...
Who am I kidding, that's not going to happen 😭
A lot of people are in denial about the effects of policies they support.
Just look at the cost of housing. There's a ton of NIMBY homeowners who are deep in denial that zoning huge swaths of cities to be exclusively mcmansions could possibly cause house prices to be artificially high.
No they'll just sit there continuing to pretend climate change isn't happening
This is organized gaslighting. Dont get caught up in it.
I mean, despite the rampant bootlicking seen in that generation, boomers didn't create that system. They're victims of it as well, just victims that generally refuse to see it. My mom absolutely has been fucked over by capitalism, and has fucked herself over helping her kids. But she acknowledges why, and agitates for something better. My dad is a victim of this shitty system, too, but was so brainwashed by cold war propaganda that he can't see it most of the time. :/ tldr fuck the boomer politicians and brainwashers, try to help regular boomers realize they're just as much a victim of this shit as we are.
Lead poisoning really did a number on that generation. While I'm also angry that they were complacent in what's happened, as I refuse to be, it's like blaming a severely handicapped kid.
Did you know we found out to stop including lead in gas in 1976 because school kids were getting dumber and less empathetic?
The thing to remember is that they had to rely on trusted authorities in the news or government back then. They didn’t have easy access to primary sources or alternate viewpoints that we have now. That’s why all they can do is pick an authority figure and put all their trust in them. They literally do not know any other way. To them “research” is finding a talking head they like or who looks “trustworthy” and then believing everything they say. It was an age of authority and now we’re moving into an age of transparency and they’re not happy about it. They expected that they would get their turn to be the trusted head of the family and now all their kids and grandkids barely want to talk to them.
Another article that refers to millennials in third person because they have a target audience that will be dead in 10 years.
Then they go out of business.
No no. The system they built was great. The thing is, the system was changed by them, just in time to rob all the younger generations blind, then stood back and watched it happen, did nothing, and then they have the balls to blame us when we can't independently thrive in the system they stood by and allowed to be built.
So... If the boomers didn't give money to their children, what'd they do with it? Sit on it for 10 years, die, and then pass it to their children?
Articles like this are either missing the grand picture or they serve someone else's interest: Making boomers spend their money on leasing luxury apartments and other crap, so there'll be no inheritance. Leeches are the enemy of all generations.
Child free gang wins again.
Time and money. What a savings.
Have the elites who tell us we "never want to work" thought about lowering the rent below $3k at times? Even below 2k? Because we can't work or do shit with no actual place to live.
We have a lot to be mad at property owners for right now. Their lobbying and bullshittery is part of why so many people have to go back into the office and have so few protections against it. If we're not pointlessly wasting time commuting to the office their properties won't be worth as much! Won't somebody think of the poor landlords?? 😔😔
My parents spent most of their time getting drunk and trying to be 18 again. I wouldn't really call that a good setup for their kids.
Unfortunately, they fucked around for us to find out. I don't feel bad if they find out a little bit too.
Thing is, it's not the same "they". Those who profited off the working class and shut the door behind them are not the ones seeing their finances ravaged because their kids live in the basement.
Of course, we can't blame boomers for poor decisions or tell them to skip that avocado toast. Clearly they must continue to suck the remaining resources from life so that they have something to bring to the afterlife when they finally croak.
reaping what one sows comes to mind
or the classic 'well, well, well, if it isn't the consequences of my own actions!'
I have no savings for retirement. Every spare penny I invest in the success of my family, mostly my own kids. I don't need to go to Florida and hang out playing golf.
I've gotten tired of this whole "everyone from this generation thinks the same, acts the same, is poor/wealthy", etc bullshit. The coincidence of your birthday doesn't automatically identify you.
Wrong way to see it, yeah the boomers are rich but a lot of Gen X are broke as shit too. Kids cost money, and with the direction the economy is going, it is just the sad reality we face.
I am extremely thankful for the help my parents have given me, my dad was broke as hell for most of my childhood despite working his ass off, and this was pre-2009 recession, the recession made it worse and it is only recent he is starting to get a real foothold on finances.
What retirements? What savings?
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