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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/27/24 at 5:57 pm to StayStrapped
Posted on 4/27/24 at 5:57 pm to StayStrapped
I think the term Boomers has just become synonymous with old people. The youngest of them are around aged 60 and probably still working. The oldest are late 70s.
They weren't by and large the generation making policy decisions 35 years ago. Many of the people in charge today (Biden, Pelosi, McConnell) are older than Boomers.
They were beneficiaries of being born at an opportune time in the US, and I'm not saying they aren't partly responsible for the current state of the country either.
They weren't by and large the generation making policy decisions 35 years ago. Many of the people in charge today (Biden, Pelosi, McConnell) are older than Boomers.
They were beneficiaries of being born at an opportune time in the US, and I'm not saying they aren't partly responsible for the current state of the country either.
Posted on 4/27/24 at 6:00 pm to fallguy_1978
quote:
They weren't by and large the generation making policy decisions 35 years ago. Many of the people in charge today (Biden, Pelosi, McConnell) are older than Boomers.
They were beneficiaries of being born at an opportune time in the US, and I'm not saying they aren't partly responsible for the current state of the country either.
They absolutely were as they are the most populous generation in American history and at the current rate they will never be surpassed.
Posted on 4/27/24 at 6:01 pm to fallguy_1978
quote:
I think the term Boomers has just become synonymous with old people. The youngest of them are around aged 60 and probably still working. The oldest are late 70s. They weren't by and large the generation making policy decisions 35 years ago. Many of the people in charge today (Biden, Pelosi, McConnell) are older than Boomers. They were beneficiaries of being born at an opportune time in the US, and I'm not saying they aren't partly responsible for the current state of the country either.
I think Boomers probably get a bit too much hate at the national level, but not nearly enough hate at the local level. They’ve dominated city/metro councils, school boards, etc, etc for decades. And most of the NIMBY bullshite responsible in part for massive housing issues falls squarely in their lap.
Posted on 4/27/24 at 6:12 pm to fallguy_1978
quote:
They weren't by and large the generation making policy decisions 35 years ago. Many of the people in charge today (Biden, Pelosi, McConnell) are older than Boomers.
The oldest ones are 78. They've been the largest voting block since the early to mid 80's.
Since then NAFTA was passed, Modern Monetary policy was embraced by the left and right, immigration was increased, universities were overly subsidized and then unsubsidized once they finished school, and most local zoning and occupational license requirements were implemented.
I know it's stupid to blame an entire generation but it's kind of hard not too especially with all the stupid takes you see them post on social media.
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