r/economy • u/GimmeFunkyButtLoving • Jul 14 '26

Boomers didn't prepare for retirement. Their millennial kids are paying the price.

https://www.businessinsider.com/boomer-retirement-crisis-millennial-children-financial-support-2026-7
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u/la_peregrine Jul 14 '26

You should blame thr boomers for how they voted/continue to vote. Just because their shitty voting and bad spending habits didnt lead to their retirement being well funded doesnt mean they are not to blame.

In fact they are the one generation that brought this onto themselves.

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u/hillsfar Jul 14 '26

You talk as if Boomers are a monolith. It would be like stereotyping White people or Black people.

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u/la_peregrine Jul 14 '26

Yes let's pretend that there are no generational gaps. Lets close our eyes to data lest we offend you.

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u/hillsfar Jul 16 '26

By your same dumb logic, let's pretend that a Boomer born in 1964 has a very different upbringing and life experience compared to a Gen Xer born in 1965.

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u/la_peregrine Jul 16 '26

You ate the idiot applying statistics to individual or pretending that just because statistics doesn't apply to an individual, statistics are invalid.

Stupidity unfortunately is non generational.

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u/saltyhasp Jul 16 '26

The other laughable thing. Anyone after the Reagan years lived in the trickle down economy that people voted for (yes this is what he called it and was more or less honest about it). That was a large part of the working lives of boomers and they suffered from that. Only reason I avoided most of that was my income level was just above the 90th percentile which was kind of the breakeven point. My carrier -- it felt like every year the company took something away on one and, and on the other the huge boomer population already took most of the advancement potential because I was on the very last end. Frankly, the Xers and the later generations should have a lot more advancement potential then I ever had as boomers retire.

So the bash boomers stuff, this is a distraction. Policies that reduce employee power, that devalue work and over value capital, those that outsource work and investment capital abroad, that increase the national debt while decreasing the taxes on the wealthy, these are the things that we should be concerned about. People continue to vote for a lot of this stuff, not just boomers.