Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Younger baby boomers are facing a homelessness crisis as rents skyrocket and outpace Social Security
https://www.msn.com ^ | 9/26/23 | business insider`

Posted on 09/26/2023 6:54:54 PM PDT by RomanSoldier19

Baby boomers, especially younger members, comprise a growing percentage of homeless people.

Many are struggling to keep up with skyrocketing rents while pandemic aid dwindles.

A shortage of subsidized housing is compounding the problem.

While housing costs in the US continue to skyrocket and homelessness has become a crisis, no group appears to be getting hit harder than young baby boomers.

(Excerpt) Read more at msn.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: bidenomics; staycleanandsober; war
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-95 last
To: NeverTyranny

The illegals will be housed in Trump Tower next.


81 posted on 09/27/2023 6:37:37 AM PDT by Boardwalk
[ Post Reply | Private Reply | To 69 | View Replies]

To: ChronicMA
the 401k started in 1980, just about the time young baby boomers were entering the workforce. Many of the traditional pension plans were subsequently reduced as companies expected us to use the 401k plans as a substitute for them.

Numerous moves and job changes would have kept me from getting a serious pension anyway. I wasn't cut out to pick a company and be its liege for life. I could have done it with TAN Books if they didn't go bankrupt and move, but they didn't have any kind of plan, as TAN's finances were always on the edge.
82 posted on 09/27/2023 7:10:06 AM PDT by Dr. Sivana ("If you can’t say something nice . . . say the Rosary." [Red Badger])
[ Post Reply | Private Reply | To 61 | View Replies]

To: Old Grumpy

I account for every single penny. Excel worksheets are my friends, learning how to juggle my payments, using CareCredit when I can (card with no interest rate over 200.00 when paid by a certain date), etc. etc.


83 posted on 09/27/2023 8:13:03 AM PDT by peggybac (My will is what I wanted. God's will is what I got.)
[ Post Reply | Private Reply | To 57 | View Replies]

To: knarf
This absolutely stupid article makes no sense about people that did not invest in their future, but paid their way INTO their future, only to learn they did it wrong . . . . . probably because there was no one (a father, for instance) to advise them, or they just plain ignored (or never went to in the first place) the advice that we REAL baby boomers have been trying to say and educate for 30 or more years.

An acquaintance of mine had quit her job 2 years before becoming eligible for a pension. By 62 she was flat broke. I told her to take early Social Security.

She said to me, "I never took into account that someday I'd grow old."

These kind of people tend to have youthful personalities, probably learning or mental disabilities. It's not that they grew old. They never grew up.

84 posted on 09/27/2023 8:34:55 AM PDT by MoochPooch (I'm a compassionate cynic.)
[ Post Reply | Private Reply | To 33 | View Replies]

To: HypatiaTaught
I was born in 1963 and have nothing in common with those older than ten years than myself.

Those born 1956-1964 (late Boomers) are called "Generation Jones." They are quite different from the early Boomers. They are more practical & conservative, partly because, coming of age in the 1970s, they experienced the fallout of the hippie 1960s.

Myself a "Jones-er," I have nothing in common with anyone even 5 years older than me. To me, the early Boomers seem evil or weird. Talking to them, I feel like I'm in the Twilight Zone. They were the ones who morally messed up this country.

I relate more to the Gen Xers like my kid brother, who shares my opinion of the early Boomers.

85 posted on 09/27/2023 8:48:35 AM PDT by MoochPooch (I'm a compassionate cynic.)
[ Post Reply | Private Reply | To 66 | View Replies]

To: Vermont Lt

” Man, if you haven’t gotten your act together by the time you reach my age…just go move in with your kids.”

It’s very likely they raised kids as dysfunctional as they themselves are.

These people were barely surviving when they were 40yrs old.


86 posted on 09/27/2023 8:54:44 AM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 3 | View Replies]

To: RomanSoldier19

Lost/sold everything and spent my life savings on medical expenses, plus still another $12k debt with interest. Two pensions allow me to live month by month.


87 posted on 09/27/2023 9:03:11 AM PDT by free_life (If you ask Jesus to forgive you and to save you, He will.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MoochPooch

Yep . . . . something like that.


88 posted on 09/27/2023 9:05:44 AM PDT by knarf (I say things that are true . . . . . I have no proof, but they're true !)
[ Post Reply | Private Reply | To 84 | View Replies]

To: Elsie

Gee, that sounds familiar!

😊


89 posted on 09/27/2023 9:40:27 AM PDT by Old Grumpy
[ Post Reply | Private Reply | To 75 | View Replies]

To: peggybac

I have a notebook that I keep my records, statements, etc. in. I get it out every couple of weeks and pour over it, to see how best to pay the bills. I call it “creative accounting.” I recently had to get my old pickup truck repaired, which cost almost $3000. THAT caused me grief.

But it will all get paid sooner or later.


90 posted on 09/27/2023 9:45:11 AM PDT by Old Grumpy
[ Post Reply | Private Reply | To 83 | View Replies]

To: MoochPooch

I agree 100%.

Excellent points!

Never liked hippies.


91 posted on 09/27/2023 4:18:08 PM PDT by HypatiaTaught ( Born Free, Live Free, Die Free)
[ Post Reply | Private Reply | To 85 | View Replies]

To: RomanSoldier19

The boomers should have thought about who would be paying for their retirement benefits before shipping those tax paying jobs out of the country.


92 posted on 09/28/2023 3:06:07 AM PDT by TwelveOfTwenty (Will whoever keeps asking if this country can get any more insane please stop?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: glorgau

I know a 95-year-old thrown out of an apartment last week. Ugly.


93 posted on 09/28/2023 7:35:31 AM PDT by Oystir
[ Post Reply | Private Reply | To 2 | View Replies]

To: Oystir

From what floor?


94 posted on 09/28/2023 5:32:07 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 93 | View Replies]

To: Elsie

Luckly, the ground floor. Still hurts.


95 posted on 09/29/2023 9:32:38 AM PDT by Oystir
[ Post Reply | Private Reply | To 94 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-95 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson