Until this thread I didn't realize that there is a significant proportion of millenials who are flat out jealous of and bitter against boomers.
Full disclosure: I was born in 81 and can flip or flop depending on whose definition one uses between Gen X and Millenial.
So basically, wealth concentration might actually spike as these people die off over the next 20 years.
So basically you guys are saying rich boomers will still be poor by the time they die because medical bills and shit (which I highly doubt but whatever) So what happens if poor as hell millennials reach that point? Total collaps of the system?
So basically you guys are saying rich boomers will still be poor by the time they die because medical bills and shit (which I highly doubt but whatever) So what happens if poor as hell millennials reach that point? Total collaps of the system?
Right, this is why a lot of millenials are concerned. Their current trajectory is on a path of never having much wealth, a stable living situation, or any kind of real retirement plan.So basically you guys are saying rich boomers will still be poor by the time they die because medical bills and shit (which I highly doubt but whatever) So what happens if poor as hell millennials reach that point?
Until this thread I didn't realize that there is a significant proportion of millenials who are flat out jealous of and bitter against boomers.
Full disclosure: I was born in 81 and can flip or flop depending on whose definition one uses between Gen X and Millenial.
So basically you guys are saying rich boomers will still be poor by the time they die because medical bills and shit (which I highly doubt but whatever) So what happens if poor as hell millennials reach that point? Total collaps of the system?
So basically, wealth concentration might actually spike as these people die off over the next 20 years.
Jealousy and bitterness? Interesting word choices.Until this thread I didn't realize that there is a significant proportion of millenials who are flat out jealous of and bitter against boomers.
Full disclosure: I was born in 81 and can flip or flop depending on whose definition one uses between Gen X and Millenial.
Right, this is why a lot of millenials are concerned. Their current trajectory is on a path of never having much wealth, a stable living situation, or any kind of real retirement plan.
So basically you guys are saying rich boomers will still be poor by the time they die because medical bills and shit (which I highly doubt but whatever) So what happens if poor as hell millennials reach that point? Total collaps of the system?
Medical industry.I have to say, I'm really, really curious what happens when the Boomers die off. That money is going to other people and I'm not sure Gen Xers will just stow it away like their parents did.
If it's not spent on vacations and bullshit, it'll get gobbled up by the health care industry near/at the end of their life
And dumbasses continue to wonder why young people don't believe in capitalism as much as their forebears did/do.
Yeah, probably. I'm real curious what happens to the housing market. Like, millennials can't afford their parents houses as they're currently valued. Does it collapse? Does the industry get the government to back loans like we already do for college?So basically you guys are saying rich boomers will still be poor by the time they die because medical bills and shit (which I highly doubt but whatever) So what happens if poor as hell millennials reach that point? Total collaps of the system?
Yeah, this, along with the "Gig Economy", was some mind-fuckery Millennials were duped into so that they could be subjugated by the Boomer's Neo-feudalistic Rentier Economy. And it worked.I thought millennials didn't want to own houses anyway, they're all about the renting? According to Era anyway...
Here's a gif of the boomers working politics to their advantage:Boomers believe in 'capitalism' like Medicare and social security. It's just they bullshit themselves into ignoring all these socialist benefits they get/got.
Wouldn't this chart change once millennials inherit the assets of their boomer parents who'll begin dying off in 15-20 years?
I don't think that's quite right for the Boomers. Note that their 2019 is aligned a little further right, so 10 years ago would be the flat spot parallel to the 50% line. It's infinitely better than the major dip for X, but there was a blip for sure.
Exactly, This is why I always go "OK Zoomers" when they act like we should have "done more"The youngest millennials and gen z are doing better than middle bracket millennials since they started jobs after the recession so their starting salaries are much better than those aged 32-34. Basically, if you graduated from undergrad after 2012 or you could afford to get a masters degree and postgrad completed in 2012 or later, you avoided the worst of it and are doing pretty well.
Boomers vote more than everyone else - because they're retired, or busybodies. They vote GOP on average, and the GOP ensures that voting is efficient and accessible in places where they live and difficult where they by and large don't.
They tend NOT to live in urban centers.
They use more land, electricity and resources.
They often got free or subsidized education as a direct result of their parents' GI bill and other post war measures.
They continue to vote for a party that gives them a small tax cut in exchange for certain recession and on average a war.
They have some of the best racist words.
They are responsible for cool laws that allow them to keep driving even after they smash through a farmer's market in a pearlescent white cadillac.
They believe everything they read on facebook or see on fox.
Some of them, I'm sure, are good people.