And when it comes to generations, the boomers should be renamed the selfish generation, for hording up all of the wealth and screwing over everyone else. The boomers had the easiest financial environment as young adults and they've created a situation that is now the most difficult possible situation for young adults today.
Fuck them.
I couldn’t disagree more. I am at the end of the boomers (1961) but that’s not how it was for me and everyone I knew
I remember sleeping with my three brothers in one queen size bed growing up while my father worked two jobs and went to school. My folks could not afford to own a house in those earlier so we just rented crappy houses in and around Cleveland.
By the time I got to my teens, dad had earned 2 degrees( Business and Engineering). my folks could finally afford to buy a house, but it wasn’t anything fancy. I remember going on a first vacation when I was 13 and driving from Ohio to California to go to Disneyland. I remember not having enough money on the way home for us to get anything to eat besides a few hamburgers from McDonald’s that we had to share between seven people in the car.
I remember having to do a lot of chores and a lot of homework before we were allowed to “go out and play“ As the years went by, dad transferred to new jobs to get a better life. we went from Cleveland when I was 13, to a small town in Illinois for a couple years, to Michigan, where dad finally landed a higher level job as a vice president of a manufacturing firm. I remember him buying his first new car then. By that time I was in HS. Mom and dad saved enough money then to give college money for 1/2 of freshmen year.
between student loans and working damn near full-time I was able to get myself my bachelors degree in business. Met my wife at school and she also had a business degree and after we were married, we rented for five years before we could afford to buy a house in 1991 at an interest rate of 10.2%
I used tuition assistance from my employer to earn my masters degree and she did the same. Been able to buy a little bit nicer house where we had our two daughters. by now you’re into the early 90s and we were able to take them on vacation to like Disney World type of places when they were five and seven years old and we were able to start saving for their education.
That was 40 years ago when I started working and I’m still going now. It took me that long to save when I now consider enough to retire on. Several of those eras fortified by substantial loss of retirement savings due to stock market problems, and economic problems.
This pass was pretty much the same for all of my really good friends and family members. Early struggles followed by many years of hard work in school to get to where they can now probably retire or have already retired. I’m not sure anybody hoarded anything or did anything to hurt anyone else. All of them volunteer in the community and give freely to charitable causes.
so I’m just one. I have to say you’re just dead wrong.