Stupid as hell.
Leftists and their policies killed the goose that laid the golden egg. Not one generation or another.
And there are plenty of those in all generations. In fact, a good case can be made that there are more in generations following the boomers.
So what did conservative boomers do about it when leftist policies were being implemented in the 80s, 90s, and the W era?
Those on the team got guaranteed inflated pensions in return for their votes. The rest of us got 401(K) plans and, if we were lucky, the company would maybe match up to 3%.
My parents were both government workers for the state university system in North Dakota during their final working years.
This was long before the oil boom when the state was one of the poorest in the nation. They figured out they could no longer guarantee pensions in the mid 1970s and replaced them all with 401(K) type plans.
Believe it or not, it was a Democrat governor and a GOP legislature who figured that out long before it became a national topic. End result is that North Dakota has one of the most secure state retirement systems in the country with no tax increase because most of it was funded by the workers. Novel concept. I think there are a handful of other states which adopted the same system (Wyoming, Utah) with the same result.
It isn't a difficult system when it isn't used as a vote buying scheme.
“And there are plenty of those in all generations. In fact, a good case can be made that there are more in generations following the boomers.”
Very true. Liberals, in both the R & D category caused this. Seems a “free” money program is always approved by both sides.