Unsustainable system finally collapses under the weight of greedy spoiled generation when their children cannot compete with their parents enough to continue supporting said unsustainable system.
There fixed that shit.
Those fools need to get the fuck out of here with that nonsense!
Most boomers and whatever came right after boomers don’t even have decent retirements… That’s what’s sorta funny about all this. I know quite a few 60s and 70s yr olds that legit don’t have enough to sustain their lifestyles and still have to work. The system failed LONG before Millennials showed up.
Many of them went their whole lives “not trusting the stock market” just to literally have no retirement. Much of it was lack of education and access to the stock market when they could have been investing, but then at the same time it is a pretty stupid fucking system of retirement when without notice you can lose 40% of value because some bankers fucked around.
The system sucked for them that’s why they still have to work, but instead of trying to fix it, they just complain that it’s their kids fault.
And even the ones that have a lot of assets to be considered well off have a problem. They’re living in the only thing they own that’s worth a significant amount of cash.
Property prices have completely fucked everyone. Just because somebody can barely afford to pay 50% of their wages every month for the next 40 years in order own their own house, it doesn’t mean they should. It means they’ve got no choice because there isn’t enough.
oh yeah that reminds me of an 80 yr old lady I know. She’s land rich and insanely poor. Like if she sold all her real estate assets she’d probably have easily over a million dollars. But she doesn’t want to sell anything just cause. But she’s super poor. Like she literally needs a new roof on her trailer and can’t afford it. But is sitting on 7 figures of assets lol.
Hell my FIL is that way not that I’m thinking about it. He can’t take care of his house he’s in a booming hood in Houston and has like 8 acres to boot. He keeps borrowing against it to afford shit and still owes like 100k on it which would still net him a pretty penny for the whole set up. I keep telling him just sell the shit and buy a small home out right and get out of the debt and whatever, but he’s super stubborn about it.
Come on son, we worked hard and ruined the economy and the climate and the nature, now be a good boy and pay for our retirement.
Corrected headline: boomers voted in austerity assholes and now their kids have to pay for it with their money
I find it hard to wrap my head around the idea that spending more debt than every government before them every single time for decades is austerity. They spent more than all the money constantly. Some austerity would have actually helped but they didn’t do that.
They have been needing to raise taxes on the wealthy for decades, but they’ve been reducing them instead.
I mean, despite the rampant bootlicking seen in that generation, boomers didn’t create that system. They’re victims of it as well, just victims that generally refuse to see it. My mom absolutely has been fucked over by capitalism, and has fucked herself over helping her kids. But she acknowledges why, and agitates for something better. My dad is a victim of this shitty system, too, but was so brainwashed by cold war propaganda that he can’t see it most of the time. :/ tldr fuck the boomer politicians and brainwashers, try to help regular boomers realize they’re just as much a victim of this shit as we are.
Honestly? Fuck “Fortune.” I hope it will eventually be called “Bankrupt.”
No one is mentioning upper management and CEO’s pay. The money is trickling up, and that’s more of a problem than all of the other factors combined.
Another article that refers to millennials in third person because they have a target audience that will be dead in 10 years.
Then they go out of business.
Hmmmmm 10 years ? Probably not
Of course, we can’t blame boomers for poor decisions or tell them to skip that avocado toast. Clearly they must continue to suck the remaining resources from life so that they have something to bring to the afterlife when they finally croak.
Feeling so vindicated, Americans are massively becoming not just socialist, but outright communist
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Yep. Nick Hanauer’s done activism including TED talks pointing how ethical capitalism has become impossible what with regulatory capture and stable longer-term business models failing to compete with exploitative short-term models… and that we proletariat aren’t going to stand for our state of perpetual precarity for much longer.
reaping what one sows comes to mind
or the classic ‘well, well, well, if it isn’t the consequences of my own actions!’
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Imagine having this much hostility towards the future.
It’s like the last of the boomers is sitting in some silo somewhere waiting to nuke the Earth on their way out the door and the rest of them know it.
They not only don’t want to plant trees they’ll never get sit under, they want to burn the forest down out of spite because they don’t get to personally live forever to enjoy it.
I actually know a Lot of boomers who feel just that way. My dad is one he thinks its their right to destroy the environment because they can’t live forever.
Then you have the christian nuts who want to destroy it so that jesus will return.
But most boomers want take the money with them and leave nothing to future generations. Hell they do want to burn it all down and they destroy the American dream out of greed.
The me generation that only want them to have it all.
Tbf, the boomers came of age in the 70s, so the economic system was well in decline by then.
Part of the problem is a secular cycle. The baby boom of the postwar period helped fuel a big economic expansion that helped people for a while, but eventually the power of individuals fall because there’s so many people.
Most boomers didn’t want their jobs to move to China. China is starting to experience the same secular cycle ironically.
Many millennials were the same age during the gfc. Are you to blame for that? Are you to blame for the debt expansion and money printing that have promised to destroy the next generation? Zoomers came of age during covid, are you to blame for covid policies that destroyed the economy?
You should maybe check the definition of the word secular.
You end up looking really silly when you say something like that.
No no. The system they built was great. The thing is, the system was changed by them, just in time to rob all the younger generations blind, then stood back and watched it happen, did nothing, and then they have the balls to blame us when we can’t independently thrive in the system they stood by and allowed to be built.
It’s cute, in a frustrating kind of way, that you think the system was either created that recently, or was ever meant to be anything but exploitative and oppressive and isn’t working exactly as designed.
