Are you a Boomer? Congratulations, You Won the Economy!

[HikerGuy83]

Alas, the party is coming to an end. Per the Budget and Economic Outlook: 2026 to 2036, the next presidential administration will face exhaustion of the OASI trust fund in the final year of their first term and thus bear the responsibility of figuring out how to allocate the necessary Social Security benefit cuts.

Are you worried?

You certainly are obsessed.

 

[Greenbeard]

Are you worried?

You certainly are obsessed.

Worried about what? Boomer real estate coming on the market?

 

[HikerGuy83]

Worried about what? Boomer real estate coming on the market?

Read the post I responded to. There is nothing about real estate in there.

You don't do this very well.

 

[MarathonMike]

I'm still waiting for the Boomer Haters to explain how little ol Joe and Jane Boomer managed to "tilt everything in their favor at the expense of younger generations". Sounds like manufacturing generational hate to me.

 

[Greenbeard]

Read the post I responded to. There is nothing about real estate in there.

There’s nothing about worry in it either.

 

[Delldude]

I'm still waiting for the Boomer Haters to explain how little ol Joe and Jane Boomer managed to "tilt everything in their favor at the expense of younger generations". Sounds like manufacturing generational hate to me.

Sue your parents.

 

[HikerGuy83]

There’s nothing about worry in it either.

If there had been I would not asked.

 

[MarathonMike]

Sue your parents.

Since we are living in whacky world, I'm waiting for the class action lawsuit.

 

[toobfreak]

Congrats Boomers! You win. You have accumulated more stuff than anyone AND you have set up more government perks than anyone
Today’s Boomers have tilted the economy towards themselves and saddled younger generations with their debt and payouts and the cost is swallowing the budget.

Happy to have screwed you over.

 

[MarathonMike]

Happy to have screwed you over.

LOL

 

[toobfreak]

LOL

 

[toobfreak]

Today’s Boomers have tilted the economy towards themselves and saddled younger generations with their debt and payouts

Hey Gator! Just bought a $95.00 pizza cutter! And you paid for it.

https://www.amazon.com/DALSTRONG-Pizza-Cutter-Carbon-Handle/dp/B084KNCRSK/?tag=usmb-20

.

 

[d0gbreath]

The old man has all the money, and the young man has nothing in the world these day. That's the Who from the '60s. Funny how things never change.

 

[IDIOCRACY]

Hey Gator! Just bought a $95.00 pizza cutter! And you paid for it.

https://www.amazon.com/DALSTRONG-Pizza-Cutter-Carbon-Handle/dp/B084KNCRSK/?tag=usmb-20

.

Me too, only a Milwaukee trimmer and blower. Technically didn't cost anything, I got my hands dirty on a side job to earn it, something puff & pampered Gator hands know little about.

I don't have 2 work, but like to, and it's especially on my terms now. U know, one of the same boomers who earned $ beginning before their 10th bday. What a bunch of losers, wish we had Starbucks and computers when I was young, puke!

 

[toobfreak]

Me too, only a Milwaukee trimmer and blower.

Never met a Milwaukee tool I didn't like.

Check out their Super-Sawzall.

 

[rightwinger]

As a Boomer, I admit I had a better playing field than those starting out today.

But all was not roses for Boomers.
I remember mortgages at 15 percent when I first started out
Inflation was at 10 percent
Stock market sucked but money markets was where it was at

But I rode it out and in the long run, I did pretty well

For those starting out today, I would advise looking for the slow and steady instead of quick profits and you will do OK

 

[IDIOCRACY]

Never met a Milwaukee tool I didn't like.

Check out their Super-Sawzall.

I recently picked up 18v angle grinder. First use I learned their trigger "lock" must not contact anything when removing battery, that could have been bad. I had it on a surface with a cutting disc. No harm no foul but.....works like it's supposed to though, I've become a battery operated Milwaukee addict. Sales come up im getting a rear handle skillsaw, and a miter saw, don't need those either That Sawzall too, ty....my elect. Is good enough, but not great.

 

[Nostra]

As a Boomer, I admit I had a better playing field than those starting out today.

But all was not roses for Boomers.
I remember mortgages at 15 percent when I first started out
Inflation was at 10 percent
Stock market sucked but money markets was where it was at

But I rode it out and in the long run, I did pretty well

For those starting out today, I would advise looking for the slow and steady instead of quick profits and you will do OK

….and then Reagan was elected.

 

[Muhammed]

Congrats Boomers! You win. You have accumulated more stuff than anyone AND you have set up more government perks than anyone according to a new Wall Street Journal article.

Today’s Boomers have tilted the economy towards themselves and saddled younger generations with their debt and payouts and the cost is swallowing the budget.

https://www.wsj.com/economy/over-65-congratulations-you-own-the-economy-5acea4c4?mod=hp_lead_pos8

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As of the third quarter of last year, people 70 and over controlled roughly 39% of all equities and mutual funds owned by households, compared with 22% in 2007, according to Federal Reserve data. Their share of net worth—assets minus debts—was 32%, up from 20% two decades earlier.

This is good news: there has never been a better time in America to be old. Yet it also exposes our disjointed national priorities. We keep pouring resources into making the elderly comfortable and happy when the economy’s pressure points lie elsewhere.

The elderly are mostly out of the job market and thus need not worry about being replaced by artificial intelligence. The majority own their homes, often debt-free. Everyone worries about health costs, but the elderly have publicly funded Medicare. None of this is true for the younger generations.

The cost is swallowing the budget. Federal spending on elderly programs has risen from 6.9% of gross domestic product in 2007 to 9.4% last year and will reach 11.3% in a decade, the Congressional Budget Office projects.

That is where the real threat to intergenerational harmony lies. Elderly programs, plus interest, are the primary driver of the gaping budget deficit. By 2032, Social Security will no longer be able to pay full benefits. Fixing the deficit and Social Security requires some combination of higher taxes or lower future benefits, both of which will largely spare today’s elderly. If you think the young are anxious now, just wait.

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Chronos represents the boomer generation.

 

[luiza]

Are you a Bloomer?​

More an English Rose , though my friends call me Luscious or Precious .