To be fair, I read a while ago that the, “Great Wealth Transfer,” was going to fizzle because of medical costs. Medicare doesn’t cover long term care, so a lot of the wealth that Boomers would have left behind is getting eaten by the medical industry.
Still, they gutted the social safety nets for short-term stock market gains, so fuck boomers.
Fuck rich boomers (and those who voted for them). There are a lot of good ones. No war but class war, etc.
You have to remember that for Reagan’s first election, all but one state went for him. The entire generation and their parents/grandparents voted for destroying social safety nets.
Even an overwhelming EC victory doesn’t mean complete unanimity.
No but it did show where the zeitgeist was because I believe it was one of two times when that happened in US history.
End of life care will vacuum up all of the money from every generation now.
Especially the boomers. The generations since them will prepare for this in some way. The boomers will just have all their wealth gobbled up by service companies.
My parents have everything. My grandparents were fairly wealthy and passed on. We have inherited nothing from them, it all went to my parents and we saw nothing of it. They have a nice new freestanding pool in their backyard and a fire pit, though. Oh and new cars. I was buying a home recently and had to take a down payment as a retirement loan. Not a cent from them to help.
Sounds like they’ve failed as parents, then.
I remember being 23 and asking my mom if she’d add me to one of her credit cards to help me with credit. I didn’t want access, just so that it would help my credit history. She refused by telling me that it was my responsibility.
I’m currently reading Bowling Alone. And this is pretty much the gist of the story. We will need a good generational shift to rebuild a society that looks to improve things for the next generation.
no shit - they ruined it for all of us
You should see how the boomers treated their parents and the infirm. Just lock them up in a home and forget them.
Selfish people in general, not just parents
Raised by them. Fuck em. Hope they rot.
Canadian parents were not much better, unfortunately.
the Canadian way, trying to be just slightly less shitty than the US
The billionaires want the generations to fight. Divide and conquer.
The article is about the UK. What’s with the headline?
The first couple of paragraphs are about the UK, but then it says
Across the Atlantic, the pattern repeats. Average IRA balances for Boomers (ages 60–78) hover around $271,105, compared to just $111,524 for Gen X (ages 44–59).
Looking at the article, they don’t actually say, “in America.” They only say “across the Atlantic.” Seems a bit unclear to me, so I understand how you missed it. But most of the article is about America.
Can confirm selfish pieces of subhuman trash. No contact and happy. They can all rot.
