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My personal, anecdotal observation. This is the continuing legacy of the baby boomers. A counter-point, opposite of their parents, the so-named greatest gener

My personal, anecdotal observation. This is the continuing legacy of the baby boomers. A counter-point, opposite of their parents, the so-named greatest generation. Come to the height of their careers in the 70's through the 90's. The decades of self. With Michael Douglas's character's "Greed is good!" as a centerpoint. They're where the wealth has gone. Leaving following generations without the security to settle down and raise families. Everyone wanted something for nothing. Well, you turned something into nothing. Sold your own kids and grandkids out. Speaking generally.

tzahola 8y ago
So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die?
- pasbesoin 8y ago
  A lot of it appears to be going to chronic, late, and end-stage medical care. And it's not the aides providing 24/7 coverage, who are getting rich. (Having been dealing increasingly with this, recently with some friends. Most of the aides are immigrants who are making relatively low hourly wages. The bills, however, can (well) exceed the full household expenses for a staunchly middle-class family of four. And many eventual estates have to pay those until they're more or less broke, when the government picks up.) I need to reduce my commenting. This here is anecdote. And I'm pretty steamed about what I've been watching happen in the U.S., for the past 3+ decades.
  - user5994461 8y ago
    I believe you described the US case. In Europe with the free healthcare, the elderly can be kept on care for a very long time, all covered by the taxes of the younger workers. This is gonna become a huge hole in the budget.
- magduf 8y ago
  >So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die? China, that's where. China will become the new world superpower, filling the vacuum left by the US in its decline. That's the legacy that the Boomers have left behind.

tzahola 8y ago

So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die?

pasbesoin 8y ago
A lot of it appears to be going to chronic, late, and end-stage medical care. And it's not the aides providing 24/7 coverage, who are getting rich. (Having been dealing increasingly with this, recently with some friends. Most of the aides are immigrants who are making relatively low hourly wages. The bills, however, can (well) exceed the full household expenses for a staunchly middle-class family of four. And many eventual estates have to pay those until they're more or less broke, when the government picks up.) I need to reduce my commenting. This here is anecdote. And I'm pretty steamed about what I've been watching happen in the U.S., for the past 3+ decades.
- user5994461 8y ago
  I believe you described the US case. In Europe with the free healthcare, the elderly can be kept on care for a very long time, all covered by the taxes of the younger workers. This is gonna become a huge hole in the budget.
magduf 8y ago
>So, what’s the plan when the boomer menace is over in 15-20 years? Where will their wealth go when they die? China, that's where. China will become the new world superpower, filling the vacuum left by the US in its decline. That's the legacy that the Boomers have left behind.