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Why can't they just stop eating Avocado toast?

Boomer mom inherited a house that was paid for, immediately did a reverse mortgage to fund her lifestyle.

Fuck you, mom.

The real villains here are the absurdly rich. Especially those who find ways to pay less in taxes.

The top 1% are the problem.

Tax the rich.

No it isn't. That wave should have already hit. The 2010's called and they want their news item back. The real story is why aren't they retiring?

(Because they don't have a retirement)

I was told this could be all fixed by pulling up your bootstraps and a firm handshake.

"Can I live with you?" I remember my Dad joking. I said, "Maybe you should have thought of that when you kicked me out when I finished high school."

Look, there was a generation between Boomers and Gen X and the fact that they're now just lumped in together is ridiculous. They're called Boomers because they were born during the baby boom immediately following WWII. That boom did not last 20 years. Actual Boomers have been retired for a decade.

Maybe boomers will finally stop blocking the healthcare reforms that they will desperately need. If they can turn off TV news long enough to see their own problems instead of the made-up problems they are trained to focus on.

My father has Parkinson’s and my mother, who was his primary caregiver, passed a few months ago. They went from being comfortable with their finances and having a small, but nice home, to my father now going into a nursing home and likely lose everything he owns because of how expensive nursing care is. We are looking at $7k a month with zero assistance from Medicare and he has enough money that he doesn’t qualify for Medicaid but will burn through all his assets in just a short time. It’s ridiculous that people work hard and save and it’s all gone in a flash.

So the top two hundred net worth individuals have amassed 30% of us wealth and boomers hold half the wealth. No wonder young people are suffering...

economic growth slowing? sounds like an ok situation to me.

Growth is literally destroying the habitable planet, the mindset of growth needs to stop.

Those lazy boomers just don't wanna work any more, my generation (millenial) has at least two jobs and shares a apt with 6 other people. Or why don't they just learn to code?

Tax the wealthy more, they won't lose any quality of life whatsoever, and the money they extorted from their fellow humans gets paid back to support them in their old age.

This isn't actually a hard problem to solve if you take greed out of the equation.

After all, Federal Reserve data shows that while the 56 million Americans over 65 make up just 17% of the population, they hold more than half of America’s wealth — $96.4 trillion.

How is that wealth distributed? What do you wanna bet it's REALLY skewed towards rich people hoarding like old dragons? What's the median, not average, wealth of the boomers?

In my country, 2030 is foreseen as the year the public retirement plan administration system will collapse due to this.

Dismantling public healthcare is a solution our government is already going for to the detriment of everyone (unfortunately) but public retirement plans cannot be changed retroactively to any extent, they are reducing the highest pensions and blocking the rest of them (inflation will de facto lower even the blocked ones) while at the same time increasing the retirement age progressively but still it isn't enough.

We're doomed, no matter how much blood and tears.

My dad would have been a boomer. Guy did have the advantage of entering the workforce during a time when it was still not only possible but even normal to expect to hold the same job for decades, but that and a kid who cared about him were about all he ever had to his name. And then he lost the job too.

He fought hard as shit, but with zero legs up and several of them permanently down, he never managed anything resembling the life he (or anyone else) hoped for, and after he died, the palliative nurse told his remaining family he was better off.

Being born in a lucky generation makes it easier, but it doesn't guarantee one has it easy. It's not an age group, it's a behavior. Not that we aren't already in the Find Out stage, for that to matter. But the fewer people under the impression all the bad people are going to die out, the better.

Cancer and death wiped out my parents' shit. And apparently several financial crises are all it takes for a small business owner to give up their decades-old life insurance policy to afford food and utilities.