re: My theory on why baby boomers are criticized

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equivalent to $265K today

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what would that house go for today?

No, my point was you don't have to live in the 3-5 most expensive places in the country. That's a choice you make and that's fine, but it is your choice.
I'm quite sure I spend more time outside than you

People hate Boomers because they won't retire and keep sucking up all the resources unlike past generations who made way for the future. Look at Congress if you need an example.

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40% of boomers have zero savings.

50% have less than $250,000 in retirement.

So, no, they did not mostly work hard, save, and retire with enough to support themselves.

That is another reason that generation is looked at negatively.

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Scruffy, always remember (especially in your field) figures don't lie, but liars figure. That's especially true when straying away from Scientific Methodology and into reconstructive Critical Theory on which stereotype-based (gender, race, generational, etc) conclusions (like these) are founded.

First, wealth or savings data is generally extrapolated, survey-derived unadulterated crap. Yet, that data is foundational to claims you're citing. Perhaps the data is accurate, but the likelihood is not high.

If a government worker showed up at your door with a survey asking you to reveal all your financial particulars, how likely would you be to participate? For most folks, such a request would rank akin a the surveyor asking to put cameras in their bedroom for a government study on sexual habits. As a result, the surveyors often offer compensation for participation (the OnlyFans model), but with zero verification required, accuracy is not requisite in the paid participants responses.

IRS data is more reliable even though extrapolation of wealth from income requires a number of assumptions. Coupling IRS information with survey data demonstrates < 40% of retirees rely on Social Security (SS) as a > 50% proportion of their household income (Just 13.8% are at > 90% HHI), which undercuts "40% of boomers have zero savings" concern. E.g., the 40% "no savings" figure includes folks with full-pensions.

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Housing, healthcare, childcare/education, and food have all outpaced inflation. But wages have not.

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So the question is, when you are shown that you are factually wrong, does it make you take a step back and reconsider your viewpoints?

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Pensions...another thing the Boomers mostly got rid of.

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Right. By the time of the GenerationJones group, pensions were pretty much gone. But they were often part of the pay package for silents, and the older half of boomers.

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seriously, there are hardly any of us around compared to the vast numbers of Boomers and of Millennials that are taking up space ..

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Again, just to bring facts to the discussion ...

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Ok. But Scruffy, why are they having problems finding jobs? Could it be they feel entitled to a job paying 6 figures with a useless degree?

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boomers got more useless degrees than millennials and zoomers & a lot of “good” degrees have become practically worthless in the last three years

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Ok. But Scruffy, why are they having problems finding jobs? Could it be they feel entitled to a job paying 6 figures with a useless degree?

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This is actually a perfect example of a stereotypical “boomer” response.

File this one under “why the younger generations hate the boomers”.

Your argument as to the reason why the unemployment rate of the younger generation coming out of college is more than double the national average is “they are entitled”.

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Maybe go to a trade school and learn a valuable and productive trade. These days, unless you are doing a STEM, engineering, medical or finance/accounting; a trade school would be the way to go.

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This is just as good.

The generation that started the “get a four year degree to secure a good life” trope is now asking why people are getting four year degrees.



Step 1: Push the idea that you need a 4 year degree and everyone should go the university route.

Step 2: change the concept of entry level positions where a degree and work history is required for pretty much every entry level job.

Step 3: Claim the younger generations are simply entitled since they can’t get jobs.

Step 4: Change positions and ask why people aren’t doing the trades.

Step 5: Profit.

They should just walk into the business with a suit on and their resume in hand too, right?

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This is actually a perfect example of a stereotypical “boomer” response.

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Yep. That is out of touch, as are many posts in this thread.