posted ago by BarronVonSaltzburg26
+10 / -0
They have stayed too long on the political stage and it is time for these mostly tech illiterates to pass the baton to GENX or, god help us, Millenia-twats.
They have stayed too long on the political stage and it is time for these mostly tech illiterates to pass the baton to GENX or, god help us, Millenia-twats.
You forgot the participation awards. I may not agree with everything but your opinion/criticism is valid.
The major difference, besides automation, was generation x had their future sold out to the rest of the world. Government enabled, single family homes led to a further erosion of the boomers having pioneered divorce. Add to that the constant equating of their lives to their children’s, coupled with an extremely judgmental attitude and what you got was an entire generation that just wanted to be left alone.
The boomers were the last generation to have the true possibility of American dream. Sure, everyone after them could get a job, but it wasn’t going to pay the bills and provide for a family when inflation was so high, wages were suppressed and the boomer generation was sucking in all the benefits. Hell, my car costs more than a boomers first house. That type of major hike in the cost of living makes us un-equatable. My grandpa made over a million bucks cutting hair and earning interest on savings. Add in the ridiculous levels of equity earned in the value of his tiny home and you see that the gains had already been soaked up before their children hit the scene.
I realize every person is different and obviously will power is a factor, but the average man was sold out by the voting habits of the boomer generation and then they turned around and blamed the lack of opportunity on everyone else without seeing the bigger picture. We were asked to pay for everything while simultaneously being sold out to China and the rest of the world with the shiftiest trade deals ever created. We got debt and creditism, while they got opportunity and savings. It’s the reason things stalled with respect to advancement in the American lifestyle.
It’s easy to place the blame on others for one’s failures, but without a doubt the boomers were the last generation to have the ability to create and retain their wealth.
The last paragraph is where I wholeheartedly disagree.
The benefit of hard work was erased after the boomers. I followed in my fathers footsteps: Hard work using my hands, no extra curricular purchases, built and repaired what I needed and refrained from overpriced expenses. Regardless of those moves, I didn’t see the same return on those choices. The cost of everything skyrocketed while wages remained stagnant. Inflation rose on top of this aspect making my labor even less valuable. The money I did save saw a tiny fraction of the interest dividends at a measly .10% while my father enjoyed 5%. That’s a 50 fold difference. Regular, staple food items from milk to bread nearly tripled at the same time while hourly wages never budged. Purchasing a home meant the need for a giant down payment which is almost unattainable due to the inability to save and earn at the level required. The use of a credit card became the outlet for most young people due to these shortcomings. Renting a place to live went from 25% of one’s come to an incredible 50% and more. These are the reasons the boomers enjoyed the fruits of their labor at a higher level and were able save and build regardless of eating in or dining out. Everything was in proportion to their income where as today’s youth are saddled with high costs, low wages and nearly zero return on investments/savings.
After all is said and done, I have a home that’s paid off, cars without a note and all the material possessions I want. However, I have no real savings, no investments and no opportunity to use the free market to expand my income. There’s simply too many foreigners depressing wages and using up the social services. Boomers never had this aspect of contention where they were competing with 60 million workhorses at half the rate. We got undercut to the point that even the same lifestyle of conservativeness didn’t pay out the same in the end. The pie was cut into too many pieces. The result is the inability to create and retain wealth regardless of good or bad choices.