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Posted on 4/8/25 at 10:35 am to Mingo Was His NameO
quote:
Most boomers have almost nothing saved
Boomers, at least those in the 64-74 age range, have the most saved according to https://finance.yahoo.com/personal-finance/banking/article/average-savings-by-generation-194254649.html
and are right in the middle in terms of % in transactional accounts, those could be stocks, mutual funds, and indexed funds susceptible to market fluctuations or could be in money market accounts and other less susceptible areas.
quote:
and are in credit card debt
From https://www.cnbc.com/select/average-credit-card-debt-by-age/
quote:
Here’s the average credit card debt broken down by generation:
Generation Z: $1,963
Millennials: $4,322
Generation X: $7,155
Baby boomers: $6,043
Silent generation: $3,177
Not as much as Gen X. I suspect if you looked at it relative to net worth it may look a little different, as well.
quote:
so I disagree with your premise
You may have good reason to do that but not because of the reasons you stated. I know my retirement accounts took a hit, it happens, but I still have a few more years until I would have felt comfortable retiring anyway and I expect it to recover.
Posted on 4/8/25 at 11:08 am to TIGERSby10
quote:
Also, this is not a short term fix, but these tariffs will have America 10 times better off when the plan is done. Tighten your belt for a little while (if needed), buy on the way down (if you can), and watch America become GREAT AGAIN.
The fact that this got 90 down votes shows how far China has infiltrated and rotted the brains of American youth via Reddit and Bluesky.
Posted on 4/8/25 at 11:44 am to TIGERSby10
Y'all really are that STUPID aren't y'all?!
Posted on 4/8/25 at 12:14 pm to mdomingue
I love threads ripping boomers cause all the ones here on this board (Which is a ton) can't help but cry and scream.
Posted on 4/8/25 at 12:16 pm to Wabbit7
The OP is just defending Trump, because Trump promised his working class baws they would get raises.
They dont understand the bigger picture.
They dont understand the bigger picture.
Posted on 4/8/25 at 12:16 pm to Pax Regis
Nvm
This post was edited on 4/8/25 at 12:18 pm
Posted on 4/8/25 at 12:21 pm to Pax Regis
Dear Pax, my retirement has in fact taken a hit. While I am certainly bummed that that is the case, unlike younger generations, I can in fact see past the end of my nose. You see young person(I won’t assume gender), I have kids and grandkids, I know that these measures will help them in their future. Of course my kids, ages from 34-20, are indeed making their own way and doing all the things you pointed out in your op. Unlike like you and others of your generation, my kids are not whiney professional victims. They are getting it done. Oh, and don’t worry about us too much, we will be ok.
Posted on 4/8/25 at 7:18 pm to Wabbit7
quote:
I love threads ripping boomers cause all the ones here on this board (Which is a ton) can't help but cry and scream.
Was I crying or screaming?
Posted on 4/8/25 at 7:25 pm to Pax Regis
That word is almost silly to use anymore. In the next 5 years, like 90%+ will be retired and none of this will matter at all
Posted on 4/8/25 at 7:35 pm to Wabbit7
quote:
I love threads ripping boomers cause all the ones here on this board (Which is a ton) can't help but cry and scream.
The ones I see crying are the ones who create these kind of threads.
If anything, a young man with ambition today is a wolf among fat, lazy, entitled sheep. He can eat til he busts.
Posted on 4/8/25 at 8:09 pm to Pax Regis
quote:
Each following generation that you've fricked over.
Boomers climbed up to the loft and pulled up the fricking ladder
Posted on 4/8/25 at 9:17 pm to Espritdescorps
The view is great from here boi...we built this country. Now geaux cut my lawn.
Posted on 4/8/25 at 9:19 pm to Espritdescorps
This has little to do with the specific topic, but its about Tarrifs and this isn't about what will work or will not work, I am just pointing out that Elon Musk has lost $130 Billon this year and still a billionaire.
msn money
With that much money you can do things that 99.3% of the people living today can only dream of.
You could build your own strip club and have strippers and cocaine in every state and half the countries if you want.
msn money
quote:
The multibillionaire definitely has some skin in the game as well. Musk has lost around $130 billion this year, and some of that is due to the tariff backlash.T
With that much money you can do things that 99.3% of the people living today can only dream of.
You could build your own strip club and have strippers and cocaine in every state and half the countries if you want.
Posted on 4/8/25 at 9:31 pm to Pax Regis
Doesn’t affect me at all. Im $1.3 million in 4% CD in credit union. $80,000 in checking. You should have seen it coming.
Posted on 4/8/25 at 9:34 pm to ManWithNoNsme
And zero debt. Cry more millennials
Posted on 4/8/25 at 9:36 pm to OweO
quote:
This has little to do with the specific topic
should be ur sig quote
Posted on 4/8/25 at 10:12 pm to TIGERSby10
quote:
Also, this is not a short term fix, but these tariffs will have America 10 times better off when the plan is done.
That's what the billionaires are telling you while they devalue your assets so they can buy low.
This post was edited on 4/8/25 at 10:13 pm
Posted on 4/8/25 at 10:17 pm to mdomingue
quote:
Here’s the average credit card debt broken down by generation:
Generation Z: $1,963
Millennials: $4,322
Generation X: $7,155
Baby boomers: $6,043
Silent generation: $3,177
How is this determined? My wife and I will probably pay $7k combined on our credit cards in a typical month. We both pay the full statement balance every month, though, so we don't carry debt.
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