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Started By
Message
re: Boomers and long-term impact on younger generations
Posted on 7/2/26 at 2:55 am to Jake88
Posted on 7/2/26 at 2:55 am to Jake88
quote:
If younger folks have been investing modestly and delayed some gratification since 2008 they should be doing pretty well. Quit trying to scapegoat.
If you were 30 in 2008, you’d be almost 46 years old now. Not a lot of people I consider young had the opportunity to take advantage of those circumstances.
I do agree that those 4-6 years were the buying opportunity of a lifetime. In 2011 Microsoft was trading at $36 per share. BOA was $3 per share. Apple was at $6.
You could buy a 2 bedroom 2 bath in Key West (1 mile from Duval street) for $150k
Lots of real estate markets were buying opportunities I can’t see ever happening again.
1
Posted on 7/2/26 at 3:04 am to Chef Curry
quote:
Not everyone on this site is an AARP member.
There’s really a generational disconnect. My grandparents call people born in 2005 millennials and my niece and nephews refer to people born in 1980 as boomers.
I did find it funny that my 7 year old nephew called Covid “Boomer Remover”
Posted on 7/2/26 at 4:02 am to boogiewoogie1978
Boomers are going to hand down somewhere between 40 and 50 Trillion in assets to Gen X and Millennial heirs. The Great Wealth Transfer is very real.
Posted on 7/2/26 at 5:47 am to Jake88
quote:younger people didn’t have pubic hair in 2009
younger folks have been investing modestly and delayed some gratification since 2008 they should be doing pretty well. Quit trying to scapegoat.
Posted on 7/2/26 at 5:57 am to boogiewoogie1978
what a dufus
Posted on 7/2/26 at 6:40 am to Hawgnsincebirth55
Yeah, I just post facts.
The posts always get downvoted, but are never disputed.
Most people, as they age, gain wisdom and are able to discern the real problems, and what to do about them.
The posts always get downvoted, but are never disputed.
Most people, as they age, gain wisdom and are able to discern the real problems, and what to do about them.
Posted on 7/2/26 at 7:09 am to N2cars
quote:I noticed you couldn’t dispute my post
but are never disputed.
Posted on 7/2/26 at 7:10 am to kayjay
quote:
Well Joey B continue on in your self loathing and pity.
Yep a complete loser mentality, blames an entire generation of people for his inability to find success. Yet others in his generation have found success.
Posted on 7/2/26 at 7:26 am to GreatLakesTiger24
Why would I?
You think the Supremr Court runs the country.
That isn't correct, but OK.
You think the Supremr Court runs the country.
That isn't correct, but OK.
Posted on 7/2/26 at 7:32 am to LSU713Tiger
quote:
How can someone under 40 afford a house without debt?
Still waiting for tiggerdad’s response. Apparently after you graduate you just walk to the bank, present the loan officer with your application and offer him a firm handshake.
Posted on 7/2/26 at 7:37 am to boogiewoogie1978
quote:
many stayed in the workforce longer, which slowed opportunities for younger people trying to move up.
quote::wah: :wah: :wah:
A lot of them just don’t step aside—they stay in power well past typical retirement age.
quote:
Curious if others see it this way or think there’s more to it.
Poor, poor pitiful me. Quit complaining and step up your game. Be part of the solution, not the problem.
Posted on 7/2/26 at 7:54 am to N2cars
quote:no, a bunch of boomer conservative (and liberal) justices refused to save America. You can’t possibly blame anyone younger then Gen X for the demographic disaster the rest of us will have to live through
You think the Supremr Court runs the country.
Posted on 7/2/26 at 8:10 am to kayjay
quote:
Now for the hard part for financial freedom that most don’t follow.
Income - investments = expenses
Get home, car, medical insurance right. Most financial wealth destruction happens here.
Have emergency fund.
Live below means, invest the difference in cash generating assets and let compounding interest be a mean machine for you, make it automatic, never steer from it - good and bad stock market times.
quote:
Take on no debt by age 40 including your home. If you have a mortgage make extra principal payments each month regardless how little.
This sounds Dave Ramsey-esque. Without regard to how cheap or expensive is the debt, universal statements to all, many people who know how to manage “good” debt, is dangerous. For those who cannot handle any debt, decent advice.
My 2 cents, if interest rate is 4% or less, invest > pay down mortgage. If 6% or more, pay down mortgage > invest. 5% indifference point. Invest to beat interest rate over time.
quote:
If you want to buy a vehicle create a savings account so you can pay cash.
Yes! On first new car or 2, once paid off, continue paying the note - to yourself (money market or short term fixed income fund). This is your future vehicle cash account.
If you can afford note, you can afford to do this.
quote:
And if you can’t pay cash for something you want to buy, then don’t buy it.
Income - investments = expenses
If not in expense budget, don’t buy it or substitute on your expense budget. Save for it. Whatever. But never trade your future wealth growth for instant gratification.
Financial independence is glorious…and is possible for many people - many who cannot fathom it.
This post was edited on 7/2/26 at 8:13 am
Posted on 7/2/26 at 8:28 am to Motownsix
quote:You do realize that all of the 30 year-olds from 2008 are now 47 or 48 year-olds?
If you were 30 in 2008, you’d be almost 46 years old now.
Kinda hard to take you seriously if you can’t do simple arithmetic.
Posted on 7/2/26 at 9:16 am to boogiewoogie1978
Both my granddads retired in their mid 50s (in the 1960s) and spent 30 years traveling and fishing. Most of their peers were right behind them. Working well into your 60s wasn’t very common for that generation unless you owned a business or were just poor.
The problem is wealth is much more concentrated in the top 10% nowadays, and it’s the boomers and their leaders that did that for better or worse.
The problem is wealth is much more concentrated in the top 10% nowadays, and it’s the boomers and their leaders that did that for better or worse.
This post was edited on 7/2/26 at 9:19 am
Posted on 7/2/26 at 10:15 am to GreatLakesTiger24
Blaming any generation for the current mess does no good at all, but if it makes you feel better, great. It especially ridiculous when Boomers didn't start SS to begin with.
Boomers attempted to end SS and were throughly blocked by a Democratic Congress.
X,Y, and Z are the dominant voting bloc and can indeed change things with votes:
End SS by privatizing it.
Tighten the reins on Welfare (which Trump has done, reducing Welfare rolls by 4M+)
Rrduce Medicare/Medicaid fraud
End ridiculous social programs
End alternative energy subsidies.
(Paying for your neighbors' solar panels was insane)
How you or anyone can disagree with that is baffling, tbh.
Unless, of course, you vote Democrat.
Posted on 7/2/26 at 10:19 am to N2cars
Why do you keep ignoring my point 
? I’m not even talking about fiscal matters
Boomers inherited white, socially conservative country & will leave it brown, full of degeneracy, and absent of any identity
? I’m not even talking about fiscal matters Boomers inherited white, socially conservative country & will leave it brown, full of degeneracy, and absent of any identity
Posted on 7/2/26 at 10:20 am to GreatLakesTiger24
He’ll just blame us for that
Posted on 7/2/26 at 10:35 am to GreatLakesTiger24
Yep, Boomers did that, huh?
Every boomer I've ever met is all for unfettered immigration.
C'mom, you can say it:
"Democrats did this. "
Every boomer I've ever met is all for unfettered immigration.
C'mom, you can say it:
"Democrats did this. "
Posted on 7/2/26 at 10:37 am to boogiewoogie1978
Was there too many of them born and are now leaches on the arse of America? Yes. That said - tough shite. Gotta get up in the morning and go get it.
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