Elder millennial here. My boomer and silent generation parents died and left me nothing ( I had to take care of my mom for ten years)as a result of 2008. They were lifelong liberals as were their parents. The pedophile capitalist class will get that money. All generations of people have been voting for these fascist neoliberals for decades. After Regan both parties started gleefully destroying the middle class, It will all be funneled to the top one way or another. Larry fink has openly stated that the blackrock vultures plan to take savings and 401k money
Hence how the Americans have a 80 year old president and Mitch Mconnel still has a job.
” You write like every boomer is sitting on a McMansion and a seven‑figure IRA,” one bereaved Boomer wrote to me. “A lot of us are one bad diagnosis away from losing everything.”
Spoken like a generation of morons that voted time and time and time again, most recently in this past election, for economic policies that catered to that eight-figure IRAs because you thought you’d be in that bracket while spending like a drunken sailor for boats and jet skis in a pathetic attempt to seem like you had eight-figure IRAs, all while killing off Unions that tried to protect your pensions and retirement benefits. And let’s not forget that the boomer generation also thought that racism was something that should be brought back.
Nah, this economic hellscape was brought mostly by these old dumbasses, may they reap what they sowed and hopefully quickly so the younger generations can fix what they broke.
It’s the billionaires! Do not be distracted by articles like this.
Came into the comments expecting people would pile on boomers, as per usual. Was pleasantly surprised to find that most people are getting the message that it’s a class war.
The idea that boomers are “hoarding America’s wealth and power” is ludicrous.
I’m GenX, and I’m trying to pay off my house, so my son will have the option of being a homeowner when I die. I think it might be the only chance he’ll have.
You’re a semi boomer though with the last real chance of boomer life style. Not sure I trust you 😉
Hold on a minute billionaires are to blame but boomers aren’t helping by bootlicking them. And yes hoarding what they have too. Some refuse to retire, and some like my dad got millions and doesn’t want to let anyone of his children get red cent.
Why are houses more unaffordable for your son than they were for you? It’s totally not hording, just boomers being unwilling to build a better world for their children and grandchildren.
That’s the world they created. They always took the shortest path to profits, and that path was the one that exploited people the most by giving corporations all the power in the name of making the line go up.
Weird I thought it was the billionaires hoarding wealth. I guess we shouldnt be mad at the billionaires anymore but at older Americans who have homes.
Yeah they are the bad guys !
And how dare they stay alive. I mean. The audacity !
This is a dumb article. It sounds like they are blaming boomers for having money, then the article basically explains why they have money, and for the most part it’s justified.
I’m not going to lambast anyone that got a cheap house at a low interest rate, then worked for 50+ years to get to retirement to find out they need more money. It’s not like all of these boomers are sitting on millions, they have hundreds of thousands in retirement, no mortgage, but have fears of medical bills or nursing homes.
Fuck, I hope someday I approach retirement with enough money to live out the rest of my life in relative comfort. I’m fortunate in that I’m in my mid thirties and have a house (mortgage for now, but at least I’m getting equity). That shouldn’t be held against me like it is to boomers in this article.
What I won’t defend is boomers that complain about not having enough money when they continually voted for all of this. Statistically, boomers lean right, but I try not to generalize entire demographics like this. There were a couple of quotes I. His article that highlighted some of the worst offenders out there, but I mostly read about people that know that one illness will wipe out their savings, so they keep working until they can’t.
If I can amass the monies I need to retire early, I’m out ASAP. My company offers a 55/10 plan where if I retire at 55, I can keep my medical coverage until I’m 65 when Medicare kicks in. That’s my current goal, but shit happens, and it can happen to any of us. I just wish that shit happened to the billionaires and not everyone else.
I’m early GenX, very close to boomerhood. I was not able to buy a home until I was 43. I wasn’t wasteful either: bought used cars, cooked my own food, my rent was low for the (HCOL) area, but prices just kept climbing and perpetually stayed just out of reach. Finally got an inexpensive house in a less expensive part.of the Bay Area, and happened to do so when interest rates were low. I have a pile of retirement money waiting for me but I also know it’s not going to last long enough for my likely lifespan (my family tends to die in their 90s.) We can blame boomers for some stuff, but the economy they had in their working years is very different from what we have to deal with now.
If only they had voted for the candidates who wanted a strong social safety net, rather than the ones that wanted to fuck everyone who isn’t part of the 0.1%, maybe they wouldn’t have to worry now…
bernie was who we needed - instead we got trump ala hillary
Thinking voting could save a country like America is so out of touch it’s cringe. America needs revolution.
Who’s gonna lead it? You?
All these armchair revolutionaries.
The same people who are going to “vote”, could.
👆
Meanwhile everyone else outlives their money every couple weeks.
This is the top comment!
people hoarding money you say? Isn’t that one of the signs of a recession?
I’m no boomer, but I know how they feel. Who can tell when the next crash will hit, and mega inflation will strike. There is just no real way to know you have enough saved. Unless you are like elon or such. And gieven all that. People are holding on to their money because they may have to help keep their kids afloat. It isn’t the boomers making the problem, it’s the mega rich scraping every dime they can put of the hands of everyone they can so that they can be secure in their wealth. The bokmers are just a biproduct of that brainwashing.
I haven’t read more than the title ye5. So this is a response to that alone. But don’tmost people want to avoid running out of money before they die (and are the most vulnerable)…?
Yep
Aging absolutely sucks. The complete lack of emphasis on anti-aging research is baffling to me. Give me back my 25 year old body.
