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re: My theory on why baby boomers are criticized

Posted on 5/27/26 at 12:59 pm to
Posted by ryanlsu
Baton Rouge
Member since Oct 2005
1393 posts
Posted on 5/27/26 at 12:59 pm to
quote:

It costs $50k for LSU (in state) and $120k (out of state). That is absurd.

And that doesn’t even account for living expense


I'm a young gen xer so I don't really care about the boomer hate but it is so out of control in this thread. First I just went back to school to finish up my degree after 20+ in the work force. And tuition was not what you are saying. From LSU's website:

For Louisiana State University (LSU) in Baton Rouge, undergraduate tuition and fees are roughly \(\$12,886\) per year for in-state residents and \(\$29,562\) per year for out-of-state students. When factoring in estimated room, board, and supplies, the total annual cost of attendance reaches approximately \(\$32,124\) for residents and \(\$48,799\) for non-residents.

Almost every problem yall are attributing to boomers was set in motion way before the boomer generation had any real power.

Education costs skyrocketing - That was started by the government getting involved and starting to guarantee loans for people who had no business going to college. This started in 1965 when not a single boomer was in congress.

Jobs being outsourced and job market declining - Manufacturing peaked in the US in the 70's. The term "rust belt" was first used in 1984. Nafta and the free trade legislation passed in the early 90's. Boomer members made up 1 in 5 members of congress. So roughly 80% were members of earlier generations.

And so on and so on... It was mainly leftist progressive "feel good" policies that have set us on this path. Only rich white people or really smart people get to go to college. Let's loan money to people so that everybody can go to college including to a ton of people who have no business being there.

The American dream of home ownership is unavailable to the poor and people who have made numerous poor decisions so their credit is shite..
Let's guarantee loans and force banks to make loans to people who will probably never pay it back so we can feel good
Posted by Duckhammer_77
TD Platinum member
Member since Nov 2016
3052 posts
Posted on 5/27/26 at 1:02 pm to
quote:

Dammit, you beat me to it
on page 26 ?!?!
don't think I beat anyone LOL
Posted by Hawgnsincebirth55
Gods country
Member since Sep 2016
18543 posts
Posted on 5/27/26 at 1:05 pm to
You still aren’t getting his point. Someone has to eat the shite sandwich. If SS is shut down today you eat the shite sandwich. But you don’t want to eat the shite sandwich, inevitably leaving your kids to eat the shite sandwich. That’s what scruffy is getting at. You make your kids eat the shite sandwich because you’re selfish. No one is saying it wouldn’t be inconvenient or unfair to you to have the social security. Done away with. Just that because you have the “it’s mine dammit and I’ll get what I’m owed!” Attitude you’re screwing over your own descendants.
Posted by N2cars
Member since Feb 2008
39726 posts
Posted on 5/27/26 at 1:06 pm to
Exactly.


To say that current system is broken is correct.


We had TOPS to cover LSU tution and I damm sure used it. Post-graduate doctorate was a different story.

Did we benefit from TOPS? Of course.

Is the whole thing a bad idea?
Of course.



Posted by Scruffy
Kansas City
Member since Jul 2011
77372 posts
Posted on 5/27/26 at 1:10 pm to
quote:

Oh yeah, this tired argument can spread to other things like home ownership like wildfire. It’s much easier to look outward for someone to blame rather than the mirror.
That point was in regards to the discussion around interest rates.

People constantly bring up higher interest rates in the past as if it would be substantially worse, but every honest person would take lower prices and higher interest rates.

I would definitely take higher interest rates if homes and tuition prices were lower like they were in the past.
This post was edited on 5/27/26 at 1:13 pm
Posted by AUIH1
Logan Martin Lake, Talladega, AL
Member since Oct 2012
390 posts
Posted on 5/27/26 at 1:14 pm to
You haven’t read all of my posts. I wanted SS gone decades ago. If it ends today, I am fine because I never planned on it being here. I also reinvest my SS into various granddaughters’ savings accounts.

Trust me, I would be a whole lot wealthier if it weren’t for the Government robbing me for over 30 years by paying into SS. I also never felt the need to self harm over the thought of the Silent Generation or the Greatest Generation “taking my SS money that I was putting in” at the time.

My parents weren’t perfect, but they taught me how to make ends meet and not to rely on others for my own happiness or fortune.
Posted by N2cars
Member since Feb 2008
39726 posts
Posted on 5/27/26 at 1:20 pm to
Same.

I'll likely never get a dime from SS and my two previous wives literally got one single payment between them.

Most people I know hate it, and would've certainly been happy to never pay into it.

But reading comprehension is poor here and it's just easier to paint with a broad brush.
Posted by CapitalTiger
Baton Rouge, LA
Member since Sep 2019
493 posts
Posted on 5/27/26 at 1:20 pm to
quote:

It was right there in the data for you to see.


A few things on your chart and the ADP data.

The 2020 spike and revision back to the trendline is because low-wage earners left the workforce from COVID. Which is why I used ADP wage reports which are often seen as more reliable private-sector datasets.

Regardless...

November 2022 25-34 Median Earnings: $54,000
November 2022 35-54 Median Earnings: $66,200

Wages for these groups are still falling behind inflation by approximately 5%

Interestingly the 55+ age median earnings for the same time periods only fell behind inflation by 2%



For the record...I'm not blaming any particular generation for any of this. Just a realization that key sectors for living (housing, food, healthcare, education & childcare) are outpacing inflation at a greater rate than most wage earners. There are, of course, other areas such as consumer goods that have seen sharp decreases and purchasing power is greater.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10902 posts
Posted on 5/27/26 at 1:23 pm to
quote:

If SS is shut down today you eat the shite sandwich. But you don’t want to eat the shite sandwich, inevitably leaving your kids to eat the shite sandwich.


They could remove the cap in SS tax. Make it like every other tax.

That would generate plenty of revenue.

I can maybe see why they capped it, since there's probably a "maximum benefit."

But I get no benefit out of welfare and I pay into that as well.

This post was edited on 5/27/26 at 1:23 pm
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139604 posts
Posted on 5/27/26 at 1:39 pm to
If people in the workforce today, particularly young people are assuming to retire with a reliance on SS then they need to be told not to do that. SS isn't going away, but at some point, something has to give.

quote:

But you don’t want to eat the shite sandwich


Are you saying people who paid into it for 40 years shouldn't get some back?
Posted by CleverUserName
Member since Oct 2016
17579 posts
Posted on 5/27/26 at 1:42 pm to
quote:

SS isn't going away, but at some point, something has to give.


They could start by moving the fund back out of the general fund and investing the proceeds instead of letting inflation eat the value of it.
Posted by Freauxzen
Washington
Member since Feb 2006
38688 posts
Posted on 5/27/26 at 1:42 pm to
quote:

Are you saying people who paid into it for 40 years shouldn't get some back?


quote:

If people in the workforce today, particularly young people are assuming to retire with a reliance on SS then they need to be told not to do that. SS isn't going away, but at some point, something has to give.



In your post.

So you expect someone else to shoulder the burden?
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139604 posts
Posted on 5/27/26 at 1:45 pm to
quote:

So you expect someone else to shoulder the burden?


No, I'm saying let them stop paying into it, and shift their money to something else. If I wasn't forced to pay into it, I wouldn't.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139604 posts
Posted on 5/27/26 at 1:46 pm to
quote:

They could start by moving the fund back out of the general fund and investing the proceeds instead of letting inflation eat the value of it.


Yep
Posted by armytiger96
Member since Sep 2007
2591 posts
Posted on 5/27/26 at 1:56 pm to
quote:

No, I'm saying let them stop paying into it, and shift their money to something else. If I wasn't forced to pay into it, I wouldn't.


None of us would.
Posted by AUIH1
Logan Martin Lake, Talladega, AL
Member since Oct 2012
390 posts
Posted on 5/27/26 at 2:09 pm to
True, thus I don’t see the logic in blaming Boomers for something that has been in place since before Boomers ever graced the halls of Congress. Everyone is forced to pay into whether they want to or not. I certainly never wanted to. I invested and am able to pass my SS distributions plus some to my grandchildren.
Posted by RanchoLaPuerto
Jena
Member since Aug 2023
2174 posts
Posted on 5/27/26 at 2:14 pm to
quote:

Are you saying people who paid into it for 40 years shouldn't get some back?


I plan to get screwed, and I’ve paid in for over 50 years, 40 of those at the max.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139604 posts
Posted on 5/27/26 at 2:32 pm to
quote:

True, thus I don’t see the logic in blaming Boomers for something that has been in place since before Boomers ever graced the halls of Congress.


It's just easier and simpler to blame those who came before you.
Posted by Midtiger farm
Member since Nov 2014
6195 posts
Posted on 5/27/26 at 2:35 pm to
quote:

Boomers for something that has been in place since before Boomers ever graced the halls of Congress


Multiple politicians have brought up reform and had plans to do in in the last 30 years
Every single time boomers got all up in arms about it - just in Trump's last election it was one of the reasons the boomer vote shifted left because just the mention of reform was the end of the world

The have boomers on social media right now bitching about the Medicare advantage reform because it takes away their spa and gym memberships
Posted by fischd1
Mandeville
Member since Dec 2007
3441 posts
Posted on 5/27/26 at 2:44 pm to
Well that hasn’t happened so what are you talking about?
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