Economic Vampirism - How Boomers ROBBED Gen X (& Millennials)

This thread...is only about Communism..if you're talking about China.

American Companies got Super Fat on Communist...near-slave labor.

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In the Boomers absolute defense..Y'all made some excellent music.

Some of the best.


Lost the Muse..


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THIS.

There's no better millennial bait than the collective fuck you from your parents. Really gets them going!

Focus motherfuckers. Don't fall for the collective argument! It's a dooshwagon tactic the globalist LOVE to use to divide along generations.

Reading comprehension people.

Get you some..


Or read the thread, before you add your bit.

Try it. The whole thing.

Might take...10 whole minutes..


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To my immortal home...

It's about your kids, Marty!


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Boomers thought the same thing when they were young. Older generations collecting SS payments when they either didn't pay in or paid in little. Interest rates of 15% so they couldn't buy a house. Viet Nam. When I got out of college in the 80s, there was a recession and it was difficult to find a job. The housing market had taken off so prices were expensive given salaries. Women found they had to work and take care of the house and take care of the kids. We thought the older generations had screwed us because we were told Social Security was going broke before we could collect and we didn't like the idea of paying in our entire lives for nothing.

I get what you are saying, Millennials - it's the same argument we had. I'm sitting here as a teacher with a Masters making $50K per year. My two Millennial kids are making 2-3 times what I am. They are driving nicer cars. They are taking expensive trips. This, at 28 and 31. Somehow, I'm not feeling guilty. I gave them everything I could. Sometimes they think it wasn't enough. But when I compare my own upbringing w/o air, with one bathroom, no heat in the upstairs, etc., well... Millennials who complain are just that - complainers. There is a reason why people call them Snowflakes.

Driving a nice car and taking trips when chained to 500K of debt at 28, only offers the 'illusion of wealth'.

You all need to stop fooling yourselves.

FB facilitated the 'Keeping up with the Jones' philosophy.


It's all debt here.

We are at tipping point.


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Born on St Patrick day 1979

I don't give a fuck about money. Try your Sith mindfuck with someone else

Boomers never opened their useless mouthes against baby genital mutilation everywhere... All I need to know about the most prosperous and progressive generation mankind ever 'produced'.

You rolled with all the filth because it was somehow 'better'

You defend yourself constantly

You are guilty

We all know


_

LOL @ Millennials blaming Boomers for Millennials sucking.

A Foolish Take: Here's how much debt the average U.S. household owes

The average American household carries $137,063 in debt, according to the Federal Reserve's latest numbers.

Yet the U.S. Census Bureau reports that the median household income was just $59,039 last year, suggesting that many Americans are living beyond their means.

Here's how much debt the average U.S. household owes in credit cards, auto loans, student loans, and mortgages.
[link to www.usatoday.com (secure)]


This Is How Much Debt the Average American Has Now—at Every Age

Total household debt—a category that includes mortgages, student loans, and car loans along with credit card and other debt—dipped in the wake of the Great Recession, but it has since steadily rebounded in the years since. Overall, Americans’ debt hit a new high of $13 trillion last year, surpassing the previous record set in 2008 by $280 billion, according to the New York Fed.

Under 35: $67,400
35–44: $133,100
45–54: $134,600
55–64: $108,300
65–74: $66,000
75 and up: $34,500
[link to time.com]

The average U.S. household debt continues to rise

So, what do the numbers look like? According to recent data compiled by the Federal Reserve Bank of New York, total credit card balances amounted to $784 billion in the second quarter of 2017 — a $20 billion increase from the previous quarter.

Indeed, the cost of living has been rising — but wages haven’t kept up. As of 2014, median income plummeted by 13 percent from 2004 levels while expenditures increased by nearly 14 percent.
[link to www.creditkarma.com (secure)]

Sure, Unemployment Went Down - Because More People Left The Workforce

The number of jobs increased by 164,000 in April. But the number of unemployed dropped by 239,000 between March and April.

That is why the employment-population ratio — the percentage of all people of working age (16 and up, including people who have stopped looking for work) that are employed — dropped from 60.4% to 60.3%. More people disappeared from the labor rolls.
[link to www.forbes.com (secure)]


No worries..I got ur meme right here, Boomers.

Stop being poor
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yep..first thing that came to my mind

GLP is not turning into a Boomer echo-chamber while I'm still here.


50 million American households can’t even afford basic living expenses

Some 50.8 million households or 43% of households can’t afford a basic monthly budget for housing, food, transportation, child care, health care and a monthly smartphone bill, according to an analysis of U.S. government data released this month by the United Way Alice Project, a nonprofit based in Cedar Knolls, N.J. that aims to highlight the number of people who live in poverty.

The project uses standardized measurements to calculate the “bare bones” household budget in each county in each state. It maintains that the federal poverty level — currently $25,100 for a family of four — doesn’t accurately illustrate the number of people living in poverty because it doesn’t take into account the dramatically different costs of living across the U.S.
[link to www.marketwatch.com (secure)]

I'm a college educated business owner. Fuck your assumptions.

How do we fight this?
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How the baby boomers — not millennials — screwed America

Everyone likes to bash millennials. We’re spoiled, entitled, and hopelessly glued to our smartphones. We demand participation trophies, can’t find jobs, and live with our parents until we’re 30. You know the punchlines by now.

But is the millennial hate justified? Have we dropped the generational baton, or was it a previous generation, the so-called baby boomers, who actually ruined everything?

That’s the argument Bruce Gibney makes in his book A Generation of Sociopaths: How the Baby Boomers Betrayed America.

The boomers, according to Gibney, have committed “generational plunder,” pillaging the nation’s economy, repeatedly cutting their own taxes, financing two wars with deficits, ignoring climate change, presiding over the death of America’s manufacturing core, and leaving future generations to clean up the mess they created.
[link to www.vox.com (secure)]

Boomers Are Going To Get Away With Screwing America, And Other Facts
[link to digg.com]


How Baby Boomers Broke America

For too many, the present is hard enough. Income inequality has soared: inflation-adjusted middle-class wages have been nearly frozen for the last four decades, while earnings of the top 1% have nearly tripled. The recovery from the crash of 2008 – which saw banks and bankers bailed out while millions lost their homes, savings and jobs – was reserved almost exclusively for the wealthiest. Their incomes in the three years following the crash went up by nearly a third, while the bottom 99% saw an uptick of less than half of 1%. Only a democracy and an economy that has discarded its basic mission of holding the community together, or failed at it, would produce those results.
[link to time.com]


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This song was written originally by boomers.
:gaythread2:

I am aware of that. Which why I mentioned it directly in the next post.




When even Boomers knew that the President was a puppet..


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These Maps Show the Average Cost of Childcare in Each State

As you undoubtedly know, the cost of raising kids in the U.S. is rising steadily. A significant part of that expense is due to increases in childcare costs. But how much are American parents spending to have their kids looked after? Business Broker Network, an online marketplace for businesses up for sale, put together a set of maps that shows the average cost of childcare in every state. Spoiler alert: it’s a lot.

While there are large variations across state lines, on the whole, Americans are spending a huge portion of their income on childcare. Business Broker Network put the data together from a national survey of childcare providers, and the results are staggering.

The highest cost, by far, is in Washington, DC, where parents are spending an average of $35,782 per year, or $2,982 per month. Massachusetts is the next most expensive state for childcare, where it costs an average of $29,426 annually, or $2,452 monthly. New York comes in third at $24,102 annually ($2,009 monthly).
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I had my in-laws here from Portland, a couple days ago..they mentioned half-time childcare in Portland cost them over $20,000 last year. You know how much the teachers get paid?

Squat.

I bold and underline, due the tendency of wandering attention spans.

Your eyes will see facts whether you want to, or not.

Round and round through the five worlds of mechanical universe, lol