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Dense Fortune Magazine Blames ‘Aging Boomers’ for Stubborn Inflation
NewsBusters ^ | 12/7/2022 | Joseph Vazquez

Posted on 12/07/2022 11:55:48 AM PST by JV3MRC

Leave it to leftist rags like Fortune magazine to target older Americans to insulate President Joe Biden’s disastrous economic policies from blame for the ongoing inflation struggle.

The magazine published a condescending Nov. 30 story with a ridiculous headline: “Aging boomers are making it harder to tame inflation—and there are no quick solutions in sight.” Fortune complained about “fewer older Americans handing over your fast food order or working part-time at the local grocery store” before dipping deeper in the toilet of brazen elitism. “Those missing workers are not just causing the ‘help wanted’ signs to linger, but are actually making it harder to tame sky-high inflation levels,” Fortune spewed. Never mind that sky-high inflation presumably wouldn’t be this much of an issue in the first place if it weren’t for the Federal Reserve’s insane money-printing policies compounded by Biden’s spending spree initiated through his gargantuan $1.9 trillion stimulus in 2021.

In fact, Fortune’s propaganda piece didn't even mention the word “Biden." It even attempted to wield analysis from the environmental, social and governance standards (ESG)-obsessed BlackRock to lambaste the changing demographics and make the Fed appear like a victim.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: blogpimp; clickbait; federalreserve; fortune; inflation; joebiden; selfpromotion
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1 posted on 12/07/2022 11:55:48 AM PST by JV3MRC
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To: JV3MRC

My wife and I are 68. I’ve discussed spending with a lot of my “elderly” friends. And one thing that is constantly mentioned is how little stuff we boomers buy. We just don’t need all the trappings like we did when we were younger.

Even food. We raise our own chickens and don’t eat as “high” as we did when we were young. It’s not that important any more.

It’s those spending lots of money on “stuff” that fuel inflation. And it ain’t the boomers.


2 posted on 12/07/2022 11:58:30 AM PST by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: JV3MRC
Feeling kind of dumb -- older people who have decided not to be in the work force: HOW does that cause inflation? The money supply increases because ... they aren't earning a paycheck? What??

Is there any -- any -- thought process that really allows someone to think Baby Boomers are causing Biden's inflation?

3 posted on 12/07/2022 12:00:54 PM PST by ClearCase_guy (No one is as asleep as the "woke". They define the term "useful idiot".)
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To: JV3MRC

I’ve worked hard most of my life starting as just a kid stocking shelves in a supermarket.
I’m DONE working. All they’ve ever done since my first day of work is steal money from me via of legalized theft called “taxes”. I’m finished with that . They can go pound sand.


4 posted on 12/07/2022 12:05:05 PM PST by lgjhn23 (Pray for America....)
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To: JV3MRC
Boomers.

Is there anything they are NOT blamed for?

5 posted on 12/07/2022 12:09:16 PM PST by Harmless Teddy Bear (The nation of france was named after a hedgehog... The hedgehog's name was Kevin... Don't ask)
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To: JV3MRC

Government and the Federal Reserve will blame anyone except themselves.


6 posted on 12/07/2022 12:09:54 PM PST by PGR88
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To: lgjhn23

Take able body people off welfare, fill them jobs.
Throw the illegals out.
Let us older folk live the lives we earned.


7 posted on 12/07/2022 12:14:49 PM PST by just me (Trade your liberty for temporary safety. I will keep mine. My family doesn't fly a white flag.)
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To: JV3MRC

Every time I go to a grocery store, these days, I buy less. Too expensive


8 posted on 12/07/2022 12:15:06 PM PST by no-to-illegals (The enemy has US surrounded. May God have mercy on them.)
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To: ClearCase_guy
Your not supposed to ask those questions.


9 posted on 12/07/2022 12:15:55 PM PST by Magnum44 (...against all enemies, foreign and domestic... )
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To: JV3MRC

If they are talking specifically about the boomers in the White House, Federal Reserve, and Congress, then I’d say they are spot on.


10 posted on 12/07/2022 12:22:47 PM PST by woweeitsme
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To: cuban leaf

“We just don’t need all the trappings like we did when we were younger.”

This. Is that not how it should be?


11 posted on 12/07/2022 12:27:24 PM PST by avenir (Information overload = Pattern recognition)
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To: JV3MRC
My wife stopped by Q'Dobas and picked us up a couple of burritos as a treat. We get carry out from there a few times a year. Their prices have doubled. $12 per burrito.

We're boomers. That's why we don't spend much. $12 per burrito? Next time I spend that for a burrito it had better be in pesos.

12 posted on 12/07/2022 12:33:28 PM PST by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever he will.." )
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To: JV3MRC

Fortune complained about “fewer older Americans handing over your fast food order or working part-time at the local grocery store”


Those are jobs for teenagers or people who failed to graduate high school. The last thing we need is more Boomers who refuse to retire and make way for the next generation.


13 posted on 12/07/2022 12:33:48 PM PST by Boogieman
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To: cuban leaf

I think what they are saying is that the Boomers refuse to join the workforce and that is driving up wages and costs. Still stupid of course.


14 posted on 12/07/2022 12:40:29 PM PST by Codeflier (Screw Ukraine. America is burning, and we need to concentrate on our own collapse taking place)
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To: JV3MRC

We needed to add another term to the “guilt-trippers” lexicon:

Boomer Privilege: The hubris older persons experience when, after a full lifetime of work and retirement plan contributions, they actually retire AND actually expect to stop working.

The nerve of some people!


15 posted on 12/07/2022 12:45:55 PM PST by Captain Rhino (Determined effort today forges tomorrow.)
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To: JV3MRC

Are Biden and his crew aging Boomers?


16 posted on 12/07/2022 12:51:43 PM PST by KrisKrinkle (c)
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To: Codeflier

MAGA Shrugged


17 posted on 12/07/2022 12:58:05 PM PST by griswold3 (Truth, Beauty and Goodness )
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To: JV3MRC

Many of them aren’t interested in working until they die in order to support the half the country on welfare who don’t work at all.


18 posted on 12/07/2022 12:58:20 PM PST by GaryCrow
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To: JV3MRC

As a boomer, I remember very distinctly almost every one of my friends in High School working part time jobs at grocery stores, fast food, retail back in the 1970’s.

Now when I go to these places I see a few teens working, but also many older folks. Plus and lots and lots of seniors.

Also we worked on construction crews during college summers. Hard, physical (sometimes dangerous) work in the heat of summer. I literally NEVER see young middle class people working these jobs these days, as they are ALL filled by hispanics.


19 posted on 12/07/2022 1:02:24 PM PST by John Milner (Marching for Peace is like breathing for food.)
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To: KrisKrinkle

Biden isn’t a boomer, he is from the John McCain, Jane Fonda, William Ayers, Barbra Streisand, Robert De Niro, Bob Dylan, Jimi Hendrix generation.


20 posted on 12/07/2022 1:33:25 PM PST by ansel12 (NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.)
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