To the libs who claim that the reason the labor participation rate is so low, lowest since the early 70s, is because boomers have retired.

Yeah, they retired to the street!


"Baby boomers, who transformed society in so many ways, are now having a dramatic effect on homelessness.

...

The humanitarian problem is becoming a public-policy crisis, paid for by taxpayers."


"The fact that we are seeing elderly homelessness is something that we have not seen since the Great Depression," said Dennis Culhane, a University of Pennsylvania social policy professor and researcher with expertise in homelessness and housing issues."



https://wsj-article-webview-generator-prod.sc.onservo.com/webview/WP-WSJ-0001142583?adobe_mc=TS%3D1694534332%7CMCMID%3D13117799474064425434933645003074028917%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%40AdobeOrg&wsj_native_webview=android&ace_environment=androidphone%2Cwebview&ace_config=%7B%22wsj%22%3A%7B%22djcmp%22%3A%7B%22propertyHref%22%3A%22https%3A%2F%2Fwsj.android.app%22%7D%7D%7D



Also, cue the " boomers suck and they deserve it!"

If only they knew when they were 18 that they would have to retire someday.

The majority of people of retirement age have lived their entire life w/o a plan for retirement. The median net wealth of individuals over the age of 60 is shockingly low. Most of them could have been prepared but could not control their spending / saving. I don't feel sorry for them.

yes. I feel sad, but not sorry. I know some of them.

It Aint Easy Being Brown said:

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Wait

It's the boomers fault that bat gen z voted for Biden?


How exactly does that math work

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It's Gen Z. They don't understand basic math. (Neither do any liberals)

UTExan said:

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Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

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Or conversely, the generation that built huge fortunes and personal wealth will largely die off in the next 20 years leaving those fortunes to their complaining children and grandchildren who will likely waste it on frivolous nonsense.
It's the way of the world.

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Interesting. I bet there'll be a run on Tide pods (as snacks) and video game consoles. Invest now!

I know plenty boomers still working! Not Walmart Retirement jobs, but white collar jobs- still going in their mid seventies.

Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

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Should the person who incessantly defends and absolutely loves a war that was started over one grift and has morphed into another grift really be talking about generational theft?

MouthBQ98 said:

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Inflation makes living off welfare and social security extremely difficult for anyone who did not plan ahead.

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THIS

and it is going to get worse and worse every year

as the people in their 40s and 50s have very little savings for retirement.

once social security goes bankrupt (more likely they will raise the age to 70 to get benefits) then what happens to those who were counting on social security at age 65?!

Rocky Rider said:

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The majority of people of retirement age have lived their entire life w/o a plan for retirement. The median net wealth of individuals over the age of 60 is shockingly low. Most of them could have been prepared but could not control their spending / saving. I don't feel sorry for them.

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Yeah buying new cars for their kids when they turned 16 and got a drivers license because said kids whined for them shouldn't have happened......and buying a 4 bedroom 4 bath house because each of their three kids whined about not having their own bedroom and bath should have been told suck it up and bunk up. Elaborate birthday and Christmas celebrations and gifts to the whiny kids should have never happened. Biggest mistake a lot of boomers made apparently was having kids that are whiners.........and then those kids doubled down and had a bunch of whiners of their own and followed the same paths their grandparents and parents took and are now whining about it on social media......

DallasAg 94 said:

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MouthBQ98 said:

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Inflation makes living off welfare and social security extremely difficult for anyone who did not plan ahead.

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Nah man... rely on the Government... they have your best interest at heart.

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Everyone who loves government raise your hand!

Rattler12 said:

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Rocky Rider said:

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The majority of people of retirement age have lived their entire life w/o a plan for retirement. The median net wealth of individuals over the age of 60 is shockingly low. Most of them could have been prepared but could not control their spending / saving. I don't feel sorry for them.

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Yeah buying new cars for their kids when they turned 16 and got a drivers license because said kids whined for them shouldn't have happened......and buying a 4 bedroom 4 bath house because each of their three kids whined about not having their own bedroom and bath should have been told suck it up and bunk up. Elaborate birthday and Christmas celebrations and gifts to the whiny kids should have never happened. Biggest mistake a lot of boomers made apparently was having kids that are whiners.........and then those kids doubled down and had a bunch of whiners of their own and followed the same paths their grandparents and parents took and are now whining about it on social media......

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And now the boomers which made the bad decisions get to reap what they sowed. Even if their kids were a bunch of whiners, they were kids and should not have the responsibility of making up for their parents financial indulgence.

Everyone else can learn from the boomer generation. Keep your pride and ego in check.

I don't think people realize how bad this is going to get. Almost no one saves any money. 50% of the population literally has $0 in savings. The ones that do save have enough (on average) to last about 1 year.

Combine with us living longer and you are going to have homelessness and long-term healthcare needs causing massive strains to the public coffers. It will be the next big welfare play.

Rocky Rider said:

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Rattler12 said:

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Rocky Rider said:

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The majority of people of retirement age have lived their entire life w/o a plan for retirement. The median net wealth of individuals over the age of 60 is shockingly low. Most of them could have been prepared but could not control their spending / saving. I don't feel sorry for them.

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Yeah buying new cars for their kids when they turned 16 and got a drivers license because said kids whined for them shouldn't have happened......and buying a 4 bedroom 4 bath house because each of their three kids whined about not having their own bedroom and bath should have been told suck it up and bunk up. Elaborate birthday and Christmas celebrations and gifts to the whiny kids should have never happened. Biggest mistake a lot of boomers made apparently was having kids that are whiners.........and then those kids doubled down and had a bunch of whiners of their own and followed the same paths their grandparents and parents took and are now whining about it on social media......

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And now the boomers which made the bad decisions get to reap what they sowed. Even if their kids were a bunch of whiners, they were kids and should not have the responsibility of making up for their parents financial indulgence.

Everyone else can learn from the boomer generation. Keep your pride and ego in check.

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Well that sailed right over your head .........

geoag58 said:

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Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

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Should the person who incessantly defends and absolutely loves a war that was started over one grift and has morphed into another grift really be talking about generational theft?

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I don't care about your opinions on that other topic, but I want to point out the utter hilarity of someone complaining about a rounding error in our budget while ridiculing my commentary about literal trillions of entitlement spending.

doubledog said:

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Logos Stick said:

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Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

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Boomers suck in the first response. Nice!

This thread is about the lies from the left on the labor participation rate.

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This "article"(?) and opinions? was written on a PC/Laptop, invented by boomers, or viewed on cell phones, also invented by boomers.... Your welcome.

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which generation invented spell check?

93MarineHorn said:

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The generational smack talk on this board is just silly. Do you guys not have grandparents, parents, kids...?

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Agreed.

If it helps, it's kind of an Aggie thing.

Everything has been going to hell since 1876.

54+? The youngest Boomers, those born in 1964, are turning 59 this year. Though I'm sure the trend won't stop with them.

93MarineHorn said:

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The generational smack talk on this board is just silly. Do you guys not have grandparents, parents, kids...?

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To answer your question seriously though.....

My grandparents were in The Greatest Generation.

My parents are in the Silent Generation, both being born in 1944.

Dad's little sisters are all Boomers.

My brothers and I and are wives are Gen X.

I have some younger cousins that are Y's.

My sons are Gen Z.

Personally, I think we all compliment each other in different ways and that each generation has their strengths and particular personality, which I find fascinating to be honest.

I'm bullish on Gen Z. Yes I am biased. But I see a lot of good stuff in my sons and many of the teens they associate with. IMO, a more sophisticated Gen X.

Waffledynamics said:

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geoag58 said:

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Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

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Should the person who incessantly defends and absolutely loves a war that was started over one grift and has morphed into another grift really be talking about generational theft?

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I don't care about your opinions on that other topic, but I want to point out the utter hilarity of someone complaining about a rounding error in our budget while ridiculing my commentary about literal trillions of entitlement spending.

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If you think we have reached the high water mark in Ukrainian war spending, money and lives, you are sadly mistaken.

Affordable housing is, at its heart, an immigration issue.

Year after year, we allow a million-plus legal -- and probably twice that number of illegal -- immigrants to come here, without any regard for the strain and pressure those numbers put on housing availability and pricing.

Especially considering that so many areas of the country have strict building codes that make new housing difficult and costly.

Young people and old people hit hardest.

geoag58 said:

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Waffledynamics said:

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geoag58 said:

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Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

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Should the person who incessantly defends and absolutely loves a war that was started over one grift and has morphed into another grift really be talking about generational theft?

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I don't care about your opinions on that other topic, but I want to point out the utter hilarity of someone complaining about a rounding error in our budget while ridiculing my commentary about literal trillions of entitlement spending.

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If you think we have reached the high water mark in Ukrainian war spending, money and lives, you are sadly mistaken.

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It's not going to get anywhere near entitlement spending, which the boomers have done nothing but balloon. This thread is not to argue about Ukraine, though.

The amount of benefits afforded to the Baby Boomer generation is ludicrous. There should be no excuse for homelessness, mental health issues notwithstanding. Do you think my generation (millennials) will get to benefit the same way the Boomers did and have? I seriously doubt it.

I have sympathy for individuals in dire straits. I don't have sympathy for a generation that robbed the future over and over and over and over again.

Waffledynamics said:

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geoag58 said:

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Waffledynamics said:

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geoag58 said:

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Waffledynamics said:

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Imagine being the biggest beneficiaries of generational theft in history and still having homelessness problem.

---

Should the person who incessantly defends and absolutely loves a war that was started over one grift and has morphed into another grift really be talking about generational theft?

---

I don't care about your opinions on that other topic, but I want to point out the utter hilarity of someone complaining about a rounding error in our budget while ridiculing my commentary about literal trillions of entitlement spending.

---

If you think we have reached the high water mark in Ukrainian war spending, money and lives, you are sadly mistaken.

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It's not going to get anywhere near entitlement spending, which the boomers have done nothing but balloon. This thread is not to argue about Ukraine, though.

The amount of benefits afforded to the Baby Boomer generation is ludicrous. There should be no excuse for homelessness, mental health issues notwithstanding. Do you think my generation (millennials) will get to benefit the same way the Boomers did and have? I seriously doubt it.

I have sympathy for individuals in dire straits. I don't have sympathy for a generation that robbed the future over and over and over and over again.

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Using the word over one more time would have made your statement much more forceful. .......