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It's not just that, it's Boomers as a generation not saving.
Obviously some did, but most have lived their entire lives paycheck to paycheck and have zero security net. It's why they're not retiring like other generations, it's not a choice, they just can't ever stop working.
And they can't recover from any speed bumps they hit. Losing a spouse for those people also means losing an income. And that can mean losing housing.
What is it that half the boomer threads complain that boomers are hoarding all the money in their 401Ks, and the other half say that boomers didn't save anything?
Because despite how the internet likes to talk, you can't generalize an entire generation in a single lemmy comment while still being accurate
I agree, but man do they do it. Search Lemmy for this headline (just "Baby boomers are becoming homeless" because there are variations), then skim the comments and imagine they were written about any other demographic. It's pretty frightening.
It boils down to we were mostly raised by boomers and we’re mad at our parents
And teachers. Every adult millennials dealt with either was literally a Boomer or had enough of their politics to shove their bullshit down our throats our whole lives.
We are angry because it was all self serving lies.
Because there was a fair portion of the boomer gen that inherited wads of cash and housing from their parents.
The rest of us were disowned, worked low-paying jobs and/or tried to help our kids do better than we did.
I guess I'm in the middle. I got a good education paid for by my parents, but nothing after that. I've worked decent paying jobs and tried to help our kids. Not rich, but should be able to retire fine.
Because only a few of the boomers became ceos, the rest are just "useful idiots" that vote against their own best interests.
A significant amount never planned to retire or else thought OASDI would be all they'd need. By the time they realized they were fucked, it was too late.
It looks to me like boomers' retirement savings aren't vastly different from other age ranges. I believe this is 2020 data, so boomers would be 56 to 74.
Because sample size of n = 1
Both of those things can be true, though i think you're right that the criticisms get a little incoherent.