What are they talking about? We don’t have money for anything. How are we supposed to think about saving for our retirement?
We’re already too busy paying taxes to fund the boomers’ retirement, while they remain delusional about the world and think that everyone else just has to work harder.
Taxes don’t go to boomers retirement.
Either they get social security that they paid into. Or they have retirement pensions or 401ks. IRAs. That they paid into.
Some of our taxes do go to Medicare/Medicaid, but I don’t have a problem with that.
Boomers got pensions, then killed them off and barely paid anything into social security while sucking it dry. They get to double/triple dip into retirement with pensions, SS and 401k as a cherry on top. Younger gens basically fund that while the SS collection age keeps getting higher. So we are saddled with 401ks because that means our future is tied to the market creating a financial incentive not to push back to hard on the system.
How did boomers stop pensions? Wasn’t it company owners who decided not to provide them anymore ?
Yeah corpos that were run by boomers who killed pensions to increase profits.
So that’s like 1 percent of the boomers.