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Boomers and long-term impact on younger generations
Posted on 6/28/26 at 6:45 am
Posted on 6/28/26 at 6:45 am
This isn’t just about 2008, but that’s where a lot of the ripple effects really took off. The financial crisis did major damage, and much of the leadership at the time was from that generation. When retirement savings got hit, many stayed in the workforce longer, which slowed opportunities for younger people trying to move up.
Since then, it feels like the pattern hasn’t changed. Wealth and property have continued to concentrate, housing is harder to access, and politically, the same generation is still firmly in control. A lot of them just don’t step aside—they stay in power well past typical retirement age.
It’s not just one event. It’s a long stretch of decisions and influence that still shapes things today.
Curious if others see it this way or think there’s more to it.
Since then, it feels like the pattern hasn’t changed. Wealth and property have continued to concentrate, housing is harder to access, and politically, the same generation is still firmly in control. A lot of them just don’t step aside—they stay in power well past typical retirement age.
It’s not just one event. It’s a long stretch of decisions and influence that still shapes things today.
Curious if others see it this way or think there’s more to it.
37
Posted on 6/28/26 at 6:48 am to boogiewoogie1978
That’s the first time this subject has ever come up here.
Give me a couple of years still in my current role at work to consider it and I’ll get back to you.
Thanks for bringing it to our attention.
Give me a couple of years still in my current role at work to consider it and I’ll get back to you.
Thanks for bringing it to our attention.
Posted on 6/28/26 at 6:53 am to boogiewoogie1978
Tell me you didn't live through the oil boom crash of 1986 in Louisiana without actually telling me
Posted on 6/28/26 at 6:56 am to boogiewoogie1978
Bootstraps: pulled up
Handshakes: firm
Avocado toast: not purchased
The formula is really that simple. It’s amazing that millennials and zoomers are still whining about any of this.
Handshakes: firm
Avocado toast: not purchased
The formula is really that simple. It’s amazing that millennials and zoomers are still whining about any of this.
Posted on 6/28/26 at 6:57 am to boogiewoogie1978
Boomers became a majority in the House of Representatives in 1998. The debt was $5 trillion then. It's now approaching $40 trillion. That should be their lasting legacy.
Posted on 6/28/26 at 7:00 am to boogiewoogie1978
Whining is not a path to success.
Understanding your environment and taking advantage of opportunities it provides is a formula for success.
Understanding your environment and taking advantage of opportunities it provides is a formula for success.
Posted on 6/28/26 at 7:07 am to boogiewoogie1978
Gen X here by only a few years towards the boomer's side.
Stop whining.
Stop whining.
Posted on 6/28/26 at 7:21 am to boogiewoogie1978
People in the 60s and 70s had a war and gas shortage and 20+% interest rates. The hippies blamed old people and old people said the new generation was soft.
90s had the dot.com bust and aids and desert storm. Younger kids did the counter culture movement, but not as much complaining.
2000s had 9/11 and the great financial crisis. There was the occupy Wall Street/99%ers, then we had Covid in 2020 and here we are now electing socialist.
Basically, life is always tough for everyone. It’s tougher if you’re lazy or stupid. Every generation blames the one before and every generation thinks the ones after them are lazy or soft. Don’t fall into that trap of blaming someone else for your problems.
That being said, as a Gen Xer, I don’t think I’ve ever heard anyone complain more than young people today. Not sure if it’s because of social media and more places for them to bitch, or if it’s more that victimization has become in vogue.
90s had the dot.com bust and aids and desert storm. Younger kids did the counter culture movement, but not as much complaining.
2000s had 9/11 and the great financial crisis. There was the occupy Wall Street/99%ers, then we had Covid in 2020 and here we are now electing socialist.
Basically, life is always tough for everyone. It’s tougher if you’re lazy or stupid. Every generation blames the one before and every generation thinks the ones after them are lazy or soft. Don’t fall into that trap of blaming someone else for your problems.
That being said, as a Gen Xer, I don’t think I’ve ever heard anyone complain more than young people today. Not sure if it’s because of social media and more places for them to bitch, or if it’s more that victimization has become in vogue.
Posted on 6/28/26 at 7:31 am to Suntiger
quote:This.
Basically, life is always tough for everyone. It’s tougher if you’re lazy or stupid. Every generation blames the one before and every generation thinks the ones after them are lazy or soft. Don’t fall into that trap of blaming someone else for your problems.
I'm a millennial and this is how I see it. Every generation inherits problems from previous generations.
I do blame boomers for the widespread proliferation of hippe feminist commie nonsense. It absolutely got out of control with their generation. For all that, y'all can KMA.
Posted on 6/28/26 at 7:31 am to Suntiger
It’s because today is factually the worst time in American history for the American dream. Not an opinion, just facts.
Posted on 6/28/26 at 7:31 am to chity
What I see is companies who like to push older workers out the door because they have accumulated raises and cost more. They also avoid hiring older workers, despite great experience. That's age discrimination and illegal, and virtually impossible to prove.
So then they hire younger employees, but soon find that they want more and more benefits for working less and less, and you have to baby-sit them and listen to their whining.
Next, they look overseas, to places like Eastern Europe where you can basically get 2-3 tech workers for the price of one American. The time difference adds some constraints and labor laws pose some additional costs, but they tend to do alright.
And then there's India, where you can sometimes get as many as 5 workers for the price of one American, but like a box of chocolates, you never know what you will get and the time difference and accents can be problematic.
Product managers beg for experienced Americans, settle for eastern Europeans, and try to avoid getting too many Indians.
So then they hire younger employees, but soon find that they want more and more benefits for working less and less, and you have to baby-sit them and listen to their whining.
Next, they look overseas, to places like Eastern Europe where you can basically get 2-3 tech workers for the price of one American. The time difference adds some constraints and labor laws pose some additional costs, but they tend to do alright.
And then there's India, where you can sometimes get as many as 5 workers for the price of one American, but like a box of chocolates, you never know what you will get and the time difference and accents can be problematic.
Product managers beg for experienced Americans, settle for eastern Europeans, and try to avoid getting too many Indians.
Posted on 6/28/26 at 7:38 am to boogiewoogie1978
quote:
So we open up a quarrel
Between the present and the past
We only sacrifice the future
It's the bitterness that lasts
So don't yield to the fortunes
You sometimes see as fate
It may have a new perspective
On a different day
And if you don't give up, and don't give in
You may just be okay
Say it loud (say it loud)
Say it clear (say it clear)
You can listen as well as you hear
It's too late (It's too late)
When we die (oh, when we die)
To admit we don't see eye to eye
I wasn't there that morning
When my father passed away
I didn't get to tell him
All the things I had to say
Posted on 6/28/26 at 7:40 am to lsupride87
quote:you’ve got an entire month dedicated to celebrate letting your flag fly, what more do you need?
It’s because today is factually the worst time in American history for the American dream. Not an opinion, just facts.
This post was edited on 6/28/26 at 8:23 am
Posted on 6/28/26 at 7:41 am to SCLibertarian
quote:
Boomers became a majority in the House of Representatives in 1998. The debt was $5 trillion then. It's now approaching $40 trillion. That should be their lasting legacy.
Nixon took us off the Gold standard in 1971, boomers were late teens/ early 20s, they had no power. I would think Boomers really didn't amass total power until close to 2008ish
Boomers and older Gen X didn't exercise caution with run away inflation and Boomers are still in control today.
Posted on 6/28/26 at 7:43 am to boogiewoogie1978
Get a real degree or job skill and talk to people instead of staring at your phone or sitting around playing video games and you will do great.
Having a skill and a network is the key.
Bitching and blaming others isn’t
Having a skill and a network is the key.
Bitching and blaming others isn’t
Posted on 6/28/26 at 7:43 am to SuperSaint
Posted on 6/28/26 at 7:47 am to boogiewoogie1978
Take this crap to the Poli board
Posted on 6/28/26 at 7:50 am to boogiewoogie1978
If younger folks have been investing modestly and delayed some gratification since 2008 they should be doing pretty well. Quit trying to scapegoat.
Posted on 6/28/26 at 7:51 am to LSUfan4444
quote:
Tell me you didn't live through the oil boom crash of 1986 in Louisiana without actually telling me
Not everyone on this site is an AARP member.
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