Originally Posted by
rfj1862
Thank you Tom, I logged on to say much the same thing, but I see you've said it much more eloquently than myself.
I hate threads where older folks complain about how today's youth are lazy, when in fact every post-Baby Boom generation is paying the price for Boomer's untrammeled greed. Gen X and later are no better or worse than previous generations, it's just that we've been screwed by those who came before us.
Imagine being a member of Generation X. Say you graduate from college in 1995 and get your first job. Only 5 years later your savings disappear in the crash of 2000. Then you spend 8 years chasing a house that you can't afford because prices are being driven higher by Boomers with more money than sense. Then, just as you've gotten a good nest egg, it's all taken away again in the crash of 2008--again fueled by the greed of the previous generation. And let's not forget that by 2008 you're in middle management, so you're first in line to lose your job as the previous generation scrambles to cover its ass.
Sound like fun? This isn't my personal experience because I've been successfully self-employed since grad school, but I know many, many smart and hard working people who have gone through just this. And the generations after Gen X? They don't have a chance.
And of course there is a huge demographic bulge moving through the system that becomes more conservative as it ages, so things like labor unions, safety nets, and government assistance for buying a home (mortgage tax deductions) are disappearing. Plus things are likely to get worse before they get better because we'll be paying for the Boomer's retirement.
Let's make a thread about lazy, overentitled old folks who have benefited tremendously from the system and now we have to pay the price. They got theirs, and screw everyone else.
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