Did the baby boomer generation ruin the world?

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LoveNotHate
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15 Nov 2019, 2:25 pm

Here are the answers ….

LoveNotHate wrote:
Let's play a game, I say two related things, and you say which is associated with a Boomer and which is associated with a Millennial.

Q1
Pension <--- BOOMER
401k <---Millennial

Q2
student debt, credit card debt, mortgage debt <---Millennial
The wealthiest generation alive <--- BOOMER

Q3
owns multiple homes (vacation home up north, or down south) <--- BOOMER
living with parents for much longer <---Millennial

Q4
Social Security is stable <--- BOOMER
Social Security is unstable <---Millennial

Q5
Entire career with same employer <--- BOOMER
Gig economy <---Millennial

Q6
Passing off 23+ trillion in national debt to the next generation <--- BOOMER
Inheriting 23+ trillion in national debt from a prior generation <---Millennial


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ASPartOfMe
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15 Nov 2019, 4:02 pm

LoveNotHate wrote:
Here are the answers ….

LoveNotHate wrote:
Let's play a game, I say two related things, and you say which is associated with a Boomer and which is associated with a Millennial.

Q1
Pension <--- BOOMER
401k <---Millennial

Q2
student debt, credit card debt, mortgage debt <---Millennial
The wealthiest generation alive <--- BOOMER

Q3
owns multiple homes (vacation home up north, or down south) <--- BOOMER
living with parents for much longer <---Millennial

Q4
Social Security is stable <--- BOOMER
Social Security is unstable <---Millennial

Q5
Entire career with same employer <--- BOOMER
Gig economy <---Millennial

Q6
Passing off 23+ trillion in national debt to the next generation <--- BOOMER
Inheriting 23+ trillion in national debt from a prior generation <---Millennial


“Guaranteed” pension not so guaranteed
employers rescinded, destroyed in the 2008 stock market crash etc.

“Entire career with same employer”
you must be confusing boomers with their parents. They are living in with the same gig economy as everybody but are less psychologically equipped to handle it because they expected a guaranteed job. And by the way those boomers that do get laid off trying to renter the workforce face age discrimination

“own multiple homes”
At least half of Americans live paycheck to paycheck,I am sure this includes boomers also.

“Social Security Stable”
That is what they say, I have my doubts. Even if so not nearly enough to live on.

National and personal debt
Guilty as charged. Some of it as narcissism that fell apart when as mentioned the gravy train they expected crashed.

Many if not most boomers for reasons that are their fault and reasons that are not their fault are in no position to retire and they are standing in the way of deserving younger people.

Not part of the game but younger people in general are more fragile, expect too much to be given to them, not independent enough etc.. That is on their hovering and lawnmower parents.


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