Previous Message

are hated.

Boomers really believe that they "worked harder" / pulled themselves up by their bootstraps, etc and that no one after them is deserving of anything.

The reality is boomers enjoyed the single best economic period in the world's history. Today, Gen Z has 86% less purchasing power than you did in your 20s. The median US home in 1974 was $36,000. That was $229,000 in today's dollars. Today the median US home is almost $500,000. Rent was $143/month or $910 today vs. the average that Gen Z pays of over $1,500. Healthcare spending per capita was $153 or $972 in today's dollars vs. nearly $2,000 today. College tuition in 1974 was $514 or $3,270 vs. over $10,000 today for in state tuition at a shitty school. Public tuition is up 310% in real dollars since the 70s. You could literally pay for college, afford a decent car and apartment, and have discretionary income from flipping burgers. Today you can live out of your car / below the poverty line for that same job.

Your generation didn't work harder, they were handed the greatest era of prosperity to ever exist and they chose to dismantle it in favor of getting every ounce of blood out of the turnip.

Today the generations behind the boomers have inherited $45 trillion of your debt and now 73% of Millennials and 66% of Gen Z live paycheck to paycheck. 33% of Gen Z cannot afford to save any money for retirement.

Meanwhile, the boomers own 52% of the wealth in the country....often brag about how they "are spending every penny of it" and leaving nothing to their kids/grandkids (and let's not even get started on how disconnected the majority of boomers are to seeing/helping to raise their grandkids despite getting tons of help from their parents). Last, and my personal favorite, is the recent Cato institute poll: 89% of boomers support raising payroll taxes on younger working Americans rather than cutting or reducing current retirement checks, even when they are told those younger Americans won't get the same benefits.

Hope this helps.