I blame the boomers for squandering a huge opportunity to take care of themselves financially and to leave behind something better for later generations.
Anyone going into the workforce in 1980 enjoyed the biggest economic boom in the history of the world.
And what do many boomers have to show for it?
Not only will later generations have to pay for their care through payroll taxes (which given the 20+year economic boom should be unnecessary), they'll also have to pay for all that debt the boomers created.
Born in the late 50’s, a teenager during Carter’s dreadful term. No jobs, nothing. Survived the 80’s and put off marrage. Just worked. During that time the Democrats increase SS payroll taxes and income taxes all the while increasing SS Benefits for the poor Seniors. COLAs every year. New disability benefits increased. All for the Seniors and poor.
Still unmarried and working, working and working some more along came Clinton. More taxes, more benefits for the Seniors and poor. Suddenly working Boomers were a cash cow.
Lets kick the can down the road to the late 2000’s. Well the can has hit a huge wall and all of the sudden it’s my fault. BTW, the “folks” making these rules were not Boomers, but the beloved Greatest Generation.