politics

If only they had voted for the candidates who wanted a strong social safety net, rather than the ones that wanted to fuck everyone who isn't part of the 0.1%, maybe they wouldn't have to worry now...

It's not an age thing, it's a class thing. This is just a psyop to direct anger away from the Epstein class.

No war, but class war.

My dad lost all his assets to cancer bills, as did my father in law, and my husband's family lost the house built by their grandfather due to having to settle the nursing home debt after my mother in law died.

I do not expect any inheritance from my mom, since I want her to use it all to take care of herself.

We really really need a single payer healthcare system. Those last dozen years of a person's life are where the medical industrial complex makes obscene bank.

I can not begin to explain the level of my contempt for networks like FoxNews..

Look.

We all know boomers individually and like them.

Yes, we should be focusing more on class warfare than generational warfare.

But the bottom line is, as a generation, they were/are AWFUL. Quite possibly the most greedy generation of humans to ever exist. Because they had so much more than any other generation I can think of but are so unwilling to share, even on their way out. And their entire lifetime of voting habits proves how greedy they are.

Their generation has been in control for quite some time now and they are leaving us major environmental problems, an economic shitstorm, and completely off the rails politics.

They failed.

Meanwhile everyone else outlives their money every couple weeks.

What an absurd thing to say in a world where individuals have the wealth of thousands, tens of thousands, even hundreds of thousands of millionaires. Good ol' Fortune spinning the generational conflict to prevent class war. Ma and Pa down at the old folks home pinching what pennies they have are not the ones creating a wealth hoarding problem. They are responding reasonably to a system that would watch them die in the streets while simultaneously not allowing them to choose the time of their own death.

Weird I thought it was the billionaires hoarding wealth. I guess we shouldnt be mad at the billionaires anymore but at older Americans who have homes.

Yeah they are the bad guys !

And how dare they stay alive. I mean. The audacity !

Another article to distract us from the class struggle. Billionaires and corporations are the ones hoarding wealth and need to be eradicated, preferably by taxation, but I'm open to alternatives.

It's not hoarding if it's needed.

Look at where all the wealth from economic growth has gone since 1980: almost all to the ultra-rich. That's hoarding, not someone's nest egg.

centi-billionaires are hoarding most of the us's wealth, not boomers in general. fortune.con has a clear vested interest in keeping people fighting each other instead of fighting together.

i think "no war but class war" is an oversimplification most of the time, but when it comes to wealth hoarding, let's focus on the centibillionaires who are hoarding literally hundreds of thousands of millions of dollars first.

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.

As maddening as this is, I can’t say I blame them. Being poor in America is designed to suck. Then again, they’re the generation that helped make it that way, so…

Elder millennial here. My boomer and silent generation parents died and left me nothing ( I had to take care of my mom for ten years)as a result of 2008. They were lifelong liberals as were their parents. The pedophile capitalist class will get that money. All generations of people have been voting for these fascist neoliberals for decades. After Regan both parties started gleefully destroying the middle class, It will all be funneled to the top one way or another. Larry fink has openly stated that the blackrock vultures plan to take savings and 401k money

It’s the billionaires! Do not be distracted by articles like this.

At some point we'll have to shift focus from boomers hoarding money (which they are, absolutely) to the fact thay many people reaching retirement age in 20-25 years will have no plan, no safety net, and no options because of systemic changes in industry and government. These systemic changes were only ever considered for a few years out.

I don't think there are any good solutions for the longer term issues.

Damn, if there was only something to catch people who this happens to. Some interwoven metaphorical structure that's provided socially so that this fear doesn't need to be true. For their well being, for an emergency. Oh well, I don't suppose such exists.

I'm no boomer, but I know how they feel. Who can tell when the next crash will hit, and mega inflation will strike. There is just no real way to know you have enough saved. Unless you are like elon or such. And gieven all that. People are holding on to their money because they may have to help keep their kids afloat. It isn't the boomers making the problem, it's the mega rich scraping every dime they can put of the hands of everyone they can so that they can be secure in their wealth. The bokmers are just a biproduct of that brainwashing.

Mmmmm yes generational conflict will stoke the working class against each other yessss the plan is working

Honestly a valid concern but it’s a cultural problem.

We don’t live gracefully and we don’t die gracefully. Why are they living so long? For what?

Well, in my observation/opinion it is because all of their prime years were stolen(tricked/finagled) from them.

“Hey let me get most of that” is a wild proposition. Not just most but the significant majority. Let me get 5/7 of that? That’s the ask under our current system. 5 out of 7 days laboring for someone else. You get two for haircuts, laundry, connecting with your kids etc. etc. etc. so basically all of your time from 20 to 65 or whatever “retirement” age is now.

Im gonna tell you right now I am 46 and my best years are behind me. By the time I am 65…. Lmao.

Don’t get me wrong, I lift, have abs, beautiful SO, kids…. Nevertheless years were blown on someone else shit. I’m not doing that. Anyway I digress. My point is that I am very fortunate and have eschewed the grind mentality. I’d rather live it up and die at 68 living humble than go to 85 while my body falls into ruin.

It’s really changed my outlook on healthcare too. Why are we keeping an 80 year old alive with hospital stays every 4 months? That’s insane. Chained to an oxygen tank. Terrified of death living in regret and disappointment. Nothing you know even applies anymore. Can’t even work the tv. It’s crazy. Im good off all that.

Just live and go when it’s our time. That’s my plan.

My wife's grandmother was expecting to die at age 90. So she burned through most of her retirement money. Now she only has 10% of it and she's 92 years old. She downgraded her living space a few times already.

I'm a bit terrified about what the future brings for her when she's still alive and she runs out of money fully.

Came into the comments expecting people would pile on boomers, as per usual. Was pleasantly surprised to find that most people are getting the message that it's a class war.

The idea that boomers are "hoarding America's wealth and power" is ludicrous.

I'm GenX, and I'm trying to pay off my house, so my son will have the option of being a homeowner when I die. I think it might be the only chance he'll have.

I’m sure it will trickle down eventually.

” You write like every boomer is sitting on a McMansion and a seven‑figure IRA,” one bereaved Boomer wrote to me. “A lot of us are one bad diagnosis away from losing everything.”

Spoken like a generation of morons that voted time and time and time again, most recently in this past election, for economic policies that catered to that eight-figure IRAs because you thought you'd be in that bracket while spending like a drunken sailor for boats and jet skis in a pathetic attempt to seem like you had eight-figure IRAs, all while killing off Unions that tried to protect your pensions and retirement benefits. And let's not forget that the boomer generation also thought that racism was something that should be brought back.

Nah, this economic hellscape was brought mostly by these old dumbasses, may they reap what they sowed and hopefully quickly so the younger generations can fix what they broke.

That’s the world they created. They always took the shortest path to profits, and that path was the one that exploited people the most by giving corporations all the power in the name of making the line go up.

As an X’er not too far behind them:

On paper I look like one of those hoarders: nice income and a lot of house equity. I also have above average 401k balance

However

• excessive home inflation
• interest rates lock-in
• medical emergency costs ridiculous
• kid college costs ridiculous
• car costs ridiculous
• divorce lost half of everything
• retirement age 65–>67
• ageism means i can’t expect to work as long as I need to
• boomer parents not going to leave anything

We’re hit by all the same excessive inflation as everyone else but we can’t downsize because mortgage rates are too high. All the missing safety nets affect us as much as everyone, except we’re out of time to recover from any catastrophe.

Given a family medical emergency, I missed 15 years of 401k contributions, and never upgraded from A “starter home”, despite what the valuation looks like, and I have a lot of major maintenance coming up

I have to say that despite a lot of things that look really good on paper, I was much better off financially in my 30’s

Now, now. There's a handful of millennials waiting to hoard it after they die. This is how the trickle-down works, people, let it trickle. Gosh, so impatient...

Billionaires are collecting everything. Stop stoking the distaste for boomers into the scapegoat they need to take the focus off the capital class. Grandpa with a couple million in assets, mostly in his home, isn't "hording", he's securing himself into his end of life. Elon Musk has no such excuse, he just wants to gratify his unrestrained desire to go to Mars even if it means leaving earth on life support to do it.