Posted on 07/17/2012 8:00:56 AM PDT by C19fan
Today’s youth, both here and abroad, have been screwed by their parents’ fiscal profligacy and economic mismanagement. Neil Howe, a leading generational theorist, cites the “greed, shortsightedness, and blind partisanship” of the boomers, of whom he is one, for having “brought the global economy to its knees.”
How has this generation been screwed? Let’s count the ways, starting with the economy. No generation has suffered more from the Great Recession than the young. Median net worth of people under 35, according to the U.S. Census, fell 37 percent between 2005 and 2010; those over 65 took only a 13 percent hit.
(Excerpt) Read more at thedailybeast.com ...
I agree with you completely-in this community, it is the “greatest” gen-ers, some of whom are my customers, who howl the loudest for free everything-and the ones who voted for Obama are really having buyers’ remorse. Most of them are financially very well off, too-be careful what you wish for...
The people complaining should try living as a widow who isn’t well off trying to make a living and pay bills in a stale economy, 21 year old vehicle, ramen noodles and all-just for one month.
It is like being a broke single mom going to college and working all over again for me-and I have never taken one dime of government assistance-not one loan, not one food stamp, no AFDC, etc-and I never will.
This boomer has always known that she would never see a dime-I will be working till I die, and that is okay-I love to work. The problem now is that Obama’s crap has made work scarce/non-existent work for most of us.
I wish I had more sympathy these younger adults, but I’m fresh out...
2400.00 in social security OMG this surprises me!!!
I was pretty much at a max deduction level from the time I was 21 - in the early years it was due to overtime.
Between SS and Mediscare I’ve “contributed” over a quarter mil.
The best we can hope for is that there will be work available again for all of us if we change the regime in Washington-hopefully, we just have to hang on a bit longer...
That'd be a handy stack of gold eagles.
>>I don’t consider my $2400/month to be pocket money, FWIW.<<
That is if you get to the $120K level after 30+ years.
And $48K that isn’t enough to keep even close to the lifestyle a $120K paycheck creates.
It is proportionally a small amount.
Personally I believe that I’ll get every dollar that was promised.
The problem will be 20 yrs from now a hamburger will cost 100 bucks.
Inflation and the Death Panels will pretty much guarantee that SS and Medicare are financially viable.
This is the biggie in my opinion. The boomers at the top, who never quite got how it all worked, were quite content to rake in the profits (savings of others) without examining the sausage making process.
Absolutely! We are all Americans here.
May God help us and may God have mercy on the United States of America!
What does the $48k in your comment refer to?
I read your post then I read your tag-line. Then I laughed.
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P>Or LBJ, Nixon, Viet Nam, Roe v Wade, Feminism, third world immigration...
Notice the beautiful job there doing of painting the COLA again this year. Somebody slipped up last year.
THERE = they’re.
lololol...Really?
So, when the boomers are dead and the next generations can’t borrow because the US is trillions of dollars in debt to 3/4’s of the planet, and paychecks are being engulfed to pay for projects and bonds issued 20 years before.......the boomers are left holding the bag how, exactly?
Amen! I don’t really see how the in-fighting helps anyone-the “greatest” gen’ers have lapped up FDR’s crap for years without even thinking about the fact that ponzi schemes are not sustainable, and now we’ve got millions of riders of the purple wage with their snouts in that trough, as well, through ambulance chasers soliciticing largely bogus claims.
They also enabled LBJ to create the welfare state, while we boomers were way too young to vote. I agree with those who believe we need to de-fund and eliminate most government agencies and programs-it is the only way to get long term stability for all of us. I’m perfectly happy to keep working forever-but I want to see others doing it too. And for that to happen, we need a healthy economy.
Now that the yellow brick road is crumbling, too many of us in all generations want daddy government to “fix” it with anyone’s money but theirs. The cold, hard fact that no one wants to see is that their precious government has spent ALL of our money, and there is no one left with enough to sustain the goodies...
Because we have paid the most into SS and Medicare and will not collect. And unlike the people who spit venom at the people who are their friends and family, I am all for stopping these programs if it will save our kids and grandchildren from crushing taxes in the future. Government programs pit groups of people against one another in a fight for the spoils.
The really dark side to all of these stories about one generation (Whatever that is exactly! Why do we let ourselves be defined by being lumped into groups?) is that they are preparing us for euthanasia. If you can convince the younger generations that their parents are useless old coots who screwed them out of their future, how much easier it is to convince them to pull the plug on the oldsters in order to save money.
The benefits may be minimal but the taxes aren’t.
And that is what sometimes happens if one gives someone else the power of life and death over them, even now. In this family, we don’t go to the medical estasblishment unless we are dying already, or need a bone set, stitches etc. We take no drugs, only natural supplements and eat fresh foods. Our legal directives are plain-do not bring us back, period. When God says time to go elsewhere, that is what I’m going to do-no way will I allow anyone but Him to be in charge of that.
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