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This is a dumb article. It sounds like they are blaming boomers for having money, then the article basically explains why they have money, and for the most part it's justified.
I'm not going to lambast anyone that got a cheap house at a low interest rate, then worked for 50+ years to get to retirement to find out they need more money. It's not like all of these boomers are sitting on millions, they have hundreds of thousands in retirement, no mortgage, but have fears of medical bills or nursing homes.
Fuck, I hope someday I approach retirement with enough money to live out the rest of my life in relative comfort. I'm fortunate in that I'm in my mid thirties and have a house (mortgage for now, but at least I'm getting equity). That shouldn't be held against me like it is to boomers in this article.
What I won't defend is boomers that complain about not having enough money when they continually voted for all of this. Statistically, boomers lean right, but I try not to generalize entire demographics like this. There were a couple of quotes I. His article that highlighted some of the worst offenders out there, but I mostly read about people that know that one illness will wipe out their savings, so they keep working until they can't.
If I can amass the monies I need to retire early, I'm out ASAP. My company offers a 55/10 plan where if I retire at 55, I can keep my medical coverage until I'm 65 when Medicare kicks in. That's my current goal, but shit happens, and it can happen to any of us. I just wish that shit happened to the billionaires and not everyone else.
I'm early GenX, very close to boomerhood. I was not able to buy a home until I was 43. I wasn't wasteful either: bought used cars, cooked my own food, my rent was low for the (HCOL) area, but prices just kept climbing and perpetually stayed just out of reach. Finally got an inexpensive house in a less expensive part.of the Bay Area, and happened to do so when interest rates were low. I have a pile of retirement money waiting for me but I also know it's not going to last long enough for my likely lifespan (my family tends to die in their 90s.) We can blame boomers for some stuff, but the economy they had in their working years is very different from what we have to deal with now.
What if you found out they also voted like dogshit for 50+ years, leading to the situation we, and they, find ourselves in?
No, but most of them voted like dogshit anyway.
I hope you do too. But only if you voted to help others along the way.
We all know boomers that aren't wealthy, but still voted like assholes anyway. My father is one of them. They're in the same shit we are, but voted to hurt others, and themselves, anyway. Pretty goddamn stupid.
I addressed that as well. I don't have sympathy for people that shoot themselves in the foot, and actively detest them for their actions affecting everyone. My main point is not all boomers are Republicans, and those that aren't shouldn't be vilified for living and saving for retirement.