individuals pointed to a major event, like the death of a spouse or a medical emergency, as the trigger.
Gee, if only we had a healthcare system that wasn’t solely focused on making a profit and growing the amount of profit quarter after quarter.
It’s not just that, it’s Boomers as a generation not saving.
Obviously some did, but most have lived their entire lives paycheck to paycheck and have zero security net. It’s why they’re not retiring like other generations, it’s not a choice, they just can’t ever stop working.
And they can’t recover from any speed bumps they hit. Losing a spouse for those people also means losing an income. And that can mean losing housing.
What is it that half the boomer threads complain that boomers are hoarding all the money in their 401Ks, and the other half say that boomers didn’t save anything?
Because only a few of the boomers became ceos, the rest are just “useful idiots” that vote against their own best interests.
A significant amount never planned to retire or else thought OASDI would be all they’d need. By the time they realized they were fucked, it was too late.
It looks to me like boomers’ retirement savings aren’t vastly different from other age ranges. I believe this is 2020 data, so boomers would be 56 to 74.
Because there was a fair portion of the boomer gen that inherited wads of cash and housing from their parents.
The rest of us were disowned, worked low-paying jobs and/or tried to help our kids do better than we did.
I guess I’m in the middle. I got a good education paid for by my parents, but nothing after that. I’ve worked decent paying jobs and tried to help our kids. Not rich, but should be able to retire fine.
Boomer retirement plans and savings aren’t enough? Sheesh what hope do any of us have, then? They are the wealthiest generation this country has ever seen…
Maybe they should stop buying lattes and avocado toast 😉 something…something…boot straps
Maybe boomers (or anyone) shouldn’t live for too long /s
Have you seen the size of the average American home?
It doesn’t matter how much money you make if you spend it all after you’ve already exceeded your ability to earn income through work when you still have decades left to live .
I don’t subscribe to “all boomers blew their money.” My parents worked hard all their lives, and were as successful as any average couple. They are fortunate enough to have a roof over their head and some assets to liquidate, but there’s no question they were not where they anticipated being financially entering retirement.
It’s just hard out here. Every year the rug gets a little longer, the treadmill runs a bit faster. Even if you get ahead, do everything right, it just takes one market downturn or medical diagnosis to still lose.
How did these boomers vote?
What policies did they support for their entire lives that have impacted this?
Not every boomer supported the GOP or Reagan.
An awful lot of them did, though.
Every thread where boomers get mentioned, there’s so much hate, and a lot of questionable information. I don’t think this community would stand for it if people said “I can’t wait until they’re all dead” about any other group, but I see it regularly about boomers.
Here’s a Pew research chart on the 2020 election demographics by age. Yes, it does show that there are more older Trump voters than older Biden voters, but bit look at the magnitude of the differences - it’s very small. Also notice that the difference between the number of younger Trump voters and younger Biden voters isn’t that great either.
People think all the older people are wearing MAGA hats and all the younger people are wearing pride shirts, but the reality is the amount that the age groups skew one way or the other isn’t that huge. There are tons of liberal older people (like me) and lots of conservative younger people.
wow, they’re barely different. thanks for sharing the stats 🙂
None of what you said pertains to my comment. Did you respond to me by accident?
I’m not seeing the disconnect. Your said an awful lot of boomers are GOP voters. I said that it’s more than half, but not a lot more, and the percentage of younger GOP voters wasn’t a lot less than half. What did I miss?
Was I wrong?
If you want to adopt the boomer tag and be offended go right ahead, but the point is, the boomer generation had the leg up on voting during their prime years and they chose to elect pieces of shit that slowed world’s progress and harmed millions of innocent people. Sure there were boomers who didn’t but I’m not talking about them.
I think you’re wrong. Look back on the chart I linked, at the first column in each set. That’s the demographics back in 96, since we’re talking about laws enacted that we’re living with. We could go back further, but this one is handy and the data doesn’t change drastically.
You’re saying boomers have been voting conservative and elected in all those shitty Republicans who passed laws favoring the rich. Well here’s the data. Keep in mind that in 1996, boomers were 32 to 50 years old.
- The same percentage of people 18 to 29 voted for Republicans as Democrats.
- For people 30 to 49 (the vast majority are boomers), 43% voted Republican and 41% voted Democrat, just a 2% difference
- For people 50 to 64, 22% voted Republican and 21% voted Democrat, a 1% difference
- For people 65 and older, 18% voted Republican and 20% voted Democrat, a 2% difference
So where’s the wild split saying boomers were overwhelmingly conservative? Oh, and take a look at this chart showing average political leaning by year of birth. It just doesn’t hold water. The silent generation shows as much more conservative, but you know what? It’s because that data was taken when they were old. When they were young, it wasn’t nearly as true. Old boomers now are more conservative than younger boomers on average; is basically true for every generation and there’s zero evidence that it don’t be true for whichever one you fall into.
Live by the sword. Die by the sword I guess.
Is this why grandma has an OnlyFans?
Oh this is the perfect thread for a trickle down economics joke.
That was serious funny right there.
That caught me off guard.
Nah, she’s just freaky.
Leopardsatemyface.jpg
There were actually no homeless Boomers during the great depression.
