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Funny that I know quite a few baby boomers and every single one has a pension, a 401k, maybe a roth AND gets social security and medicare. Not a single one has

Funny that I know quite a few baby boomers and every single one has a pension, a 401k, maybe a roth AND gets social security and medicare. Not a single one has a college degree. All life long factory workers. Some alcoholics. All they did was show up to the factory job. I know my father hasn't read a book in at least 50 years and he might not have read any in school either. They have no real expenses either besides going out to eat, vacations and sports gambling. Legal structures in place so that the nursing home will be on the tax payer if needed. Anyone of retirement age right now that is not doing well in America REALLY fucked up in life. Of course, this is all being paid for on the tab of younger people. It is a brilliant system if your old.

PopAlongKid 2y ago
>They have no real expenses either besides going out to eat, vacations and sports gambling. Then you don't really "know" boomers. First, there are tax expenses on the pension/401k/Soc Sec. Rent or homeowner maintenance/taxes/insurance are huge, even without a mortgage. Transportation--how do they get to the eat-out place? Medicare does not cover dental or vision, and you can usually expect several crowns/root canals and eye cataracts during this period. Electric/natural gas/internet utilities, even water and trash collection, are all rising faster than inflation. Add in possible veterinary bills, and financial aid to adult children who need it, and you have plenty of expenses. >Anyone of retirement age right now that is not doing well in America REALLY fucked up in life. No need to explain how completely wrong and ignorant this assessment is.
- S_Bear 2y ago
  My parents are poor boomers that could have been rich boomers if they had any self control at all. Instead they pissed away opportunities and money and now they sit and complain they don't have enough. If they had to live as I do, they'd be wealthy due to how high their earning power was in the 70s and 80s.

PopAlongKid 2y ago

>They have no real expenses either besides going out to eat, vacations and sports gambling. Then you don't really "know" boomers. First, there are tax expenses on the pension/401k/Soc Sec. Rent or homeowner maintenance/taxes/insurance are huge, even without a mortgage. Transportation--how do they get to the eat-out place? Medicare does not cover dental or vision, and you can usually expect several crowns/root canals and eye cataracts during this period. Electric/natural gas/internet utilities, even water and trash collection, are all rising faster than inflation. Add in possible veterinary bills, and financial aid to adult children who need it, and you have plenty of expenses. >Anyone of retirement age right now that is not doing well in America REALLY fucked up in life. No need to explain how completely wrong and ignorant this assessment is.

S_Bear 2y ago
My parents are poor boomers that could have been rich boomers if they had any self control at all. Instead they pissed away opportunities and money and now they sit and complain they don't have enough. If they had to live as I do, they'd be wealthy due to how high their earning power was in the 70s and 80s.