2 ms·
In the US at least, we'll have plenty of other much more serious problems before we have to worry about infrastructure. There was a story on here just the other
by bastawhiz 3y ago
In the US at least, we'll have plenty of other much more serious problems before we have to worry about infrastructure. There was a story on here just the other day about record levels of homelessness for baby boomers. Our housing market was built for growth and rents are probably not going down much any time soon. The elderly have found themselves with houses too large to care for, and they're often well into disrepair by the time it's feasible to downsize. Financial companies have been preying on this same population with predatory financial instruments like reverse mortgages. Lots of folks who were among the first to get 401ks instead of pensions are realizing they have far too little saved to maintain anything even close to their pre-retirement lifestyle.
Our society has optimized itself for profit around the historically financially well-off baby boomer generation and not their welfare or comfort. Sadly this absolutely won't be a problem that's solved for at least a generation or two. Until then it'll be very painful times for many people.