Just How Bad Baby Boomers Are Gaslighting Every Generation Beneath Them When They Say "Quit Complaining, Pull Yourself Up By The Bootstraps!"
As you can see in the Chart Below, even the Silent Generation which came before them, didn't even come anywhere close to the levels of obtaining asset wealth that the Boomers had inherited. Most Silent's whom I meet up for coffee for once in a while, they are very broke these days and not in great health.
Imagine being told how "Entitled" you are, by a Boomer according to this chart from 2023.
Youth being told that they should "not" expect a "living wage" and to be grateful they even have to get a job.
What also is very telling about the chart, and it's actually pretty much in line with the actual stretched official charts, but you can see that Millenials had barely had any noticeable effect compared to the other Generations until about 2013. And this is not because they suddenly have started to become wealthier, but it's just because an increasing amount of them have vastly taken over the workforce positions that Boomers once held, since Boomers have been retiring.
What is also quite telling, is that the "Wealth" of so many Baby Boomers is increasing even years after they retire, on a "collective basis" as a generation of people. Baby Boomers are to mostly be retired by 2031.
Generally, once someone retired, their wealth at best usually "plateaus" and does not increase. More often, it decreases because depending on your retirement plans and pensions, unless you worked in some really prestigious position, it rarely would match your actual salary.
Boomers are the biggest collectors of fictitious assets and "funds" that perpetually service them, and I hope you understand why I mean what I say when I mention that the "cord" needs to be cut from Granny.
Even if Boomers were born when they did and legitimately earned all of their wealth only through labor, even from the Post-War Economic Boom, their Net assets today still would only be maybe about half-way between where they are listed in this chart, and between Gen X. Gen Z is obviously not even on the chart.
Boomers have earned more wealth during their lifetime from fictitious assets and schemes including annuities and mutual funds as well as Real Estate transactions, than they ever had earned from their actual "jobs" they performed.
Boomers are so greedy, so entitled, and so much in excess in what they own, that while other generations usually see a "home" as a place to live in which they are grateful for, Boomers see houses as a "Cash Cow".
Yes.
ReplyDeleteAnd generation X and younger got screwed so bad on the "go to college scam". Smart people just learn creative ways to handle this.
The housing crisis really screwed tons of people, but not the boomers. Those NPC fucks bought their houses in the 1960s and 1970s for 10-40K/ house. Sure the interest rates were very high, but the money was more stable, and the wages were fair.
Not much we can do, but make adjustments and not trust anyone but ourselves when it comes to money....
Also, it is never a good idea to play down debt. Better move is to invest in something good, preferably buying things that nobody wants, such as a small house in the country of a colder city, like Minoa, NY or Chittenango, NY. Places like that, that people are stupid to know where it is. Low crime areas with very good culture.
@Joey Aragon,
DeleteThe interesting thing with Gen X, is "some of them" who were lucky enough to actually make out relatively "unscathed" in this life, within the system, missed a tragic fate by a hairline or simply with the luck of timing or even a death in the family or other situation that just so happened to make them "get by" or even own a house.
So it goes to show you, how even though they got to ride some of the gravy train that the Boomers had in place, that it also began to get squeezed tight on them. Many Gen X today also will be lucky enough if they get to retire and not still need to "work", especially considering the costs of goods to survive.
Thanks for the reply.
DeleteAlso, the rise of feminism created much instability within the family structures of our society...and with the son of a bitch opportunistic LAWYERS milking everything out of men, in particular....Shit...women got cash and prizes for a divorce!
What a disgrace our society has become. I don't blame people for "giving up"....
Still, I would rather fight it out by 1. avoiding women, 2. starting a business, 3. not working so hard. It can be done with that approach...that is, having a good life.
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Delete@Joey Aragon, I hate Lawyers so much you can't imagine. They are all cowards and scum, and totally useless. As the saying goes, a Lawyer is just an Ethical Whore.
DeleteIf it was legitimate wealth they would be lower then gen x. Gen x was definitely the hardiest working generation. Almost everyone I knew had a job at 14 and was working two jobs through their 20's. Many are STILL working two jobs today. None of them were given anything. Car, had to buy and pay everything yourself, ect, ect.
ReplyDeleteMost gen x look at their boomer parents with disgust and always have.
I was one of those that almost got away with no problems. Because of no wife and no children. They got me with the housing crisis in the mid 2000s, however, and that cost me a lot, financially. Still, I ended up better than probably over 95% of people in my generation. The only ones that "beat me" were the ones that stayed single, no children, and had no economic hiccups. I can't complain about that. And, the truth is, I am a lot smarter than the blokes that didn't have the adversity. Those men (no woman did better than me) tend to be weak in character and too stupid to understand the scams in front of them, because they haven't had the adversity. All things considered, I am very happy in this miserable place.
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