On an unrelated note, suddenly, boomers care about affordable housing for no apparent reason.
United States | News & Politics
For them. Everyone else needs to use their bootstraps.
Bingo!
Suddenly boomers believe in a massive increase to social security taxes to pay for them.
I look forward to watching them die off.
I blame the removal of pensions and replacement with inadequate 401k plans.
Social security was never meant to be a retirement plan.
Maybe it should be. Decoupling retirement and Wall Street would probably let us take a more honest look at the costs and benefits of for profit corporations in our society.
We need regulations (laws) to make them viable for retirement.
A forced match plus a 10% pay paid for by the employer.
Most people just can’t save enough in a 401k to make it solid retirement program. You’re capped at little under 20k a year. I may mine every year.
I wouldn’t even mind a national pension plan or something similar.
The current system isn’t viable for many reasons.
My mom is retired but she has two pensions and social equity plus some other income. She’s in a rare spot that she’s very comfortable in retirement.
agreed. retirement and healthcare should not be tied to employment. Want a snazzier retirement. Fine that is 401k/ira material. Retirement plus health insurance should be enough to pay for a retirment home private room where you won't be molested (i.e. - pays enough that folks don't want to lose their job)
Actually, it kind of literally was. Though it's frustrating how common it is for people to share that misconception.
AFAIK it literally wasn't. It was meant to be "one leg" of a "three-legged stool". One leg was Social Securty, one leg was company pensions, and the third leg was personal retirement savings.
Or more accurately, social security should be a proper national pension plan. Fund it by increasing contribution rates and uncapping contributions.
I stick with my underpaid government job solely for my state pension. At 55, I can start to get 70% of my final salary guaranteed, with annual COLA adjustments. I may not be rich in retirement, but I can get by.
401k plans are ripe for abuse by predatory financial advisors.. a smile and a wink and your grandpa's retirement is getting drained.
They should cut back on avocado toast and get rid of cable.
They should get rid of that land line, you know they still have one
Nah, they should've sold their houses to Aquaman, and move...
"Fuck you, I got mine" turns into "Fuck, they got mine".
Maybe voting just for soi and against vous wasn't that clever after all? Will they stop voting Republican?
Unfortunately, no. They're going to watch Fox News talk about how this is all Biden's fault and only the GOP can save them from suffering the same fate. They will continue to follow the same pied Piper that led them here.
Dear Boomers,
First they came for the socialists, and I did not speak out— Because I was not a socialist.
Then they came for the trade unionists, and I did not speak out— Because I was not a trade unionist.
Then they came for the Jews, and I did not speak out— Because I was not a Jew.
Then they came for me—and there was no one left to speak for me. [YOU ARE HERE]
Yeah it's like Republicans are not going to help you, other than enflaming culture wars and talking about woke. When they funnel all taxes and assets to the wealthy, and deregulate all industries, and make vaccines illegal, etc, all you'll have left is a tattered red hat and a shopping cart full of your belongings.
Have they tried trickle down economics or maybe pulling themselves up by their bootstraps??
Anyone here who comments about how they deserved this fate or how they got what was coming to them needs to grow the fuck up.
There are very, very few people in this world who have done something bad enough to have this kind of condition even be remotely justified. They're gonna either be on the streets or in basic Medicaid nursing homes for the rest of their lives. Many will get beaten and robbed. Many will probably just commit suicide to avoid the nightmarish conditions. And people here are celebrating this?!
Newsflash, the baby boomer generation are also people who also deserve to have someone give a shit about them. You people are sick.
In any case, it's going to overwhelmingly not be reaganites who are going homeless. If someone spent decades shilling for austerity and had it bite them in the ass, that's one thing, but this is the economic bottom dropping out, so it's mostly not those people.
Ugh, I just knew what this gross comments section was gonna look like.
Look, whatever perceived collective guilt an entire cohort of humanity has in your view, it's really disgusting to celebrate and gloat over a report about the elderly becoming homeless.
When subsequent generations decide they have the right to dance on our graves for whatever it is they decide we did, I hope your ghosts aren't too whiny about it.
If we made life significantly worse for our next generations, then they sure as hell should dance on our graves.
The article doesn't say, but I'm assuming the demographics of these newly homeless boomers is not predominantly white male. I still say boomer remover tho so i'm not exactly above generational warfare, it's just the worst boomers get hurt the least from poverty
I'm pretty sure there were Zero homeless boomers during the great depression.
Enjoying the trickle down of piss? This is what you wanted
Bruh they were and still are brainwashed by so much anticommunist propaganda. They had to survive in those material conditions, and if they made it they had to buy into the lie of American Exceptionalism for their prosperity and not the Dollar becoming the worlds reserve currency and propping up European Social Democracy, Dictators, and Kings. They reaped benefits they were actively being kept in the dark about, if they are waking up cause piss is tricking down their face, i will still celebrate them waking up. We need all the people we can to wake up and realize how the elite have stolen from the working class and are only taking more and more as we continue to kill our planet to give them more wealth...
"over-50 demographic"
Hey, hey, hey, don't group all of us in with those assholes...
Like there aren't babyboomers who also have no say in policies and those that haven't struggled their entire lives
The more things change, the more they stay the same
As a genx I had to struggle my whole life.
Because boomers around me were arrogant morons who didn't understand they didn't understand anything, and they weren't entitled just for being born.
Don't worry, as the saying goes "pull yourself up by the dick", and maybe they will gain enough wealth to become expats and gain more in foreign wealth and sex on Southeast and East Asia..., /s (Edited for clarification)
Instructions unclear, tried unsuccessfully multiple times and now I just feel like God hates me.