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re: Boomers and long-term impact on younger generations
Posted on 6/28/26 at 9:37 am to tide06
Posted on 6/28/26 at 9:37 am to tide06
This intergenerational nonsense is to deflect from the real problem - democrats/leftists and gutless Republicans who cave to them enough to push their disease forward.
I am, a "boomer" and I have never voted for any of them nor supported any of their policies.
Just look at the posting history of the thread starter.
I am, a "boomer" and I have never voted for any of them nor supported any of their policies.
Just look at the posting history of the thread starter.
1
Posted on 6/28/26 at 9:39 am to boogiewoogie1978
The youngest Boomer was born in 1964, graduated HS in 82, College in 86.
Yet you "Muh, Boomer" whiners act like they were buying homes in the 60's for $12 and offshoring manufacturing jobs in the 70's/80's.
They weren't even in the work force until the mid to late 80's.
Yet you "Muh, Boomer" whiners act like they were buying homes in the 60's for $12 and offshoring manufacturing jobs in the 70's/80's.
They weren't even in the work force until the mid to late 80's.
Posted on 6/28/26 at 9:44 am to boogiewoogie1978
Old people need to retire and get out of our way. People working at 65 or above are holding up the progress of younger people. It is a real issue. Their performance slows yet they hold their position as protected class. If you work in a role past 65, you are doing damage to the company and the younger more versatile talent. Retire and go enjoy life.
Posted on 6/28/26 at 9:45 am to boogiewoogie1978
I was born in 90 and these posts always come off pathetic to me. I'm not saying there's not some truth to it, but blaming an entire generation feels like such a whiny, weak thing to do as a man.
This post was edited on 6/28/26 at 9:56 am
Posted on 6/28/26 at 9:50 am to nola tiger lsu
quote:
Old people need to retire and get out of our way. People working at 65 or above are holding up the progress of younger people. It is a real issue.
Young(er) people need to live below their means, invest the difference in cash generation assets and let the 8th wonder of the world (compounding interest) do its magic for them. Let those compounding $ work hard for them.
Your choice.
Control your own destiny. Create options for yourself. Remove dependencies. Keep the wrong side of the wealth gap away from yourself.
Way more productive outcomes follow.
Good luck!
This post was edited on 6/28/26 at 9:52 am
Posted on 6/28/26 at 10:02 am to boogiewoogie1978
A big issue was moving to a cashless Society starting in the mid-late 90s and into the early 2000. There's a generation or two of people that never learned how to budget/plan/be disciplined with money.
Posted on 6/28/26 at 10:05 am to boogiewoogie1978
It's always that other generations' fault; "just wait until we take over".
Posted on 6/28/26 at 10:10 am to Everyday Is Saturday
quote:
Young(er) people need to live below their means, invest the difference in cash generation assets and let the 8th wonder of the world (compounding interest) do its magic for them. Let those compounding $ work hard for them.
Your choice.
Doing all this and will retire before 50, Im ahead of the game. Does not change the fact that old people are hurting work places. Leave and go do something else already.
Posted on 6/28/26 at 10:13 am to nola tiger lsu
quote:
Does not change the fact that old people are hurting work places. Leave and go do something else already.
Had they (“old people”) done the same, they could leave and go do something else. Post was as much about them.
You will have more options. Make sure to keep your taxable accounts healthy if retiring before 55. Well done.
This post was edited on 6/28/26 at 10:15 am
Posted on 6/28/26 at 10:14 am to boogiewoogie1978
quote:
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.
The President (W) in 2008, and the President today were both born in the same year.
Posted on 6/28/26 at 10:15 am to Everyday Is Saturday
quote:
Had they (“old people”) done the same, they could leave and go do something else. Post was as much about them.
Fair enough, and makes sense. I think we are both referring to proper planning and the effects of same. If you plan, you can enjoy life.
Posted on 6/28/26 at 10:28 am to nola tiger lsu
quote:
Old people need to retire and get out of our way. People working at 65 or above are holding up the progress of younger people. It is a real issue. Their performance slows yet they hold their position as protected class. If you work in a role past 65, you are doing damage to the company and the younger more versatile talent. Retire and go enjoy life.
You’re in luck, because most companies are wholesale cleaning out anyone over 50, and they aren’t hiring anyone from that protected class.
In the next few years there will be a far angrier contingent that realizes they’re on the outside looking in, and need to be prepared for involuntary retirement decades before they even qualify for SS.
Posted on 6/28/26 at 10:29 am to RohanGonzales
quote:
This intergenerational nonsense is to deflect from the real problem - democrats/leftists and gutless Republicans who cave to them enough to push their disease forward. I am, a "boomer" and I have never voted for any of them nor supported any of their policies.
Every federally elected Republican and Democrat of my lifetime is complicit and shares responsibility for the debt that was incurred during the last 30 years.
Every Republican and Democrat voter who didn’t primary them or demand fiscal accountability shares responsibility and that goes for Trump supporters too.
Posted on 6/28/26 at 10:33 am to lsupride87
quote:
It’s because today is factually the worst time in American history for the American dream. Not an opinion, just facts.
The 1970's and 80's are laughing at you because you don't know the difference between opinions and facts! The 1930's say Bitch Please!
Posted on 6/28/26 at 10:38 am to Everyday Is Saturday
Don’t forget that young people need to cut out the daily Starbucks and avocado toasts.
Posted on 6/28/26 at 10:42 am to boogiewoogie1978
You can name every statistic but financially boomers had it easier than any other generation.
Not to mention this is the first time in history of the US that a generation let their kids do worst than their own generation. Sorry Boomers, you fricked this country up for your own gain. I’m very well off so it’s not me crying. It’s an objective observation.
Not to mention this is the first time in history of the US that a generation let their kids do worst than their own generation. Sorry Boomers, you fricked this country up for your own gain. I’m very well off so it’s not me crying. It’s an objective observation.
Posted on 6/28/26 at 10:43 am to boogiewoogie1978
If every hour spent blaming Boomers had been spent learning a trade, earning another certification, starting a side business, or improving a skill, we’d probably be having a very different conversation.
History doesn’t owe anyone a level playing field. Every generation has had to figure out how to make its own way.
History doesn’t owe anyone a level playing field. Every generation has had to figure out how to make its own way.
Posted on 6/28/26 at 10:43 am to LSUfan4444
quote:
Tell me you didn't live through the oil boom crash of 1986 in Louisiana without actually telling me
This is very true. If you aren’t old enough to remember what happened to the Louisiana oil industry and its economy really beginning prior to 1986 …probably beginning in the late 70s…jobs were very much in tight supply. It was extremely hard to get a good paying job. Throw in a prime interest rate of around 21% in late 1980 and you had the perfect mix for a very bad economic and job environment. Really not just for Louisiana but the country overall. Frankly if interest rates hit 21% today there would be absolute anarchy in streets and in DC. Then you had no choice but to figure it out and do your best to make do. I am no different from my grandparents who would speak about the depression and its terrible effects to on everyone. I couldn’t understand it as I didn’t live thru it. The younger generations fighting this economic fight now will say the same thing to their children and grandchildren.
Posted on 6/28/26 at 10:45 am to boogiewoogie1978
The impact will get muted eventually - Once they all die we can all move on.
Their 40-year out of date houses that they’re holding out of the market because they value it at 2x the actual value in their head while they don’t even live there and melt away in their care homes will finally get sold for an appropriate price by their kids who inherited them and new families will come in and renovate them.
Gen Xers and Millenials who recognize social security as a failed Ponzi scheme and have planned as such will let it fall apart and we can stop wasting the country’s money on funding geriatric boat fuel bills.
Their 40-year out of date houses that they’re holding out of the market because they value it at 2x the actual value in their head while they don’t even live there and melt away in their care homes will finally get sold for an appropriate price by their kids who inherited them and new families will come in and renovate them.
Gen Xers and Millenials who recognize social security as a failed Ponzi scheme and have planned as such will let it fall apart and we can stop wasting the country’s money on funding geriatric boat fuel bills.
Posted on 6/28/26 at 10:49 am to nola tiger lsu
quote:
Old people need to retire and get out of our way. People working at 65 or above are holding up the progress of younger people. It is a real issue.
I feel this point gets repeated to ad nauseam here but I'm curious if people actually see this in their line of work. From my experience there are very few 65+ in the work force and those that remain are not in management or holding up younger generations. I find that most in management positions are Gen X or Millenials.
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