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this post was submitted on 26 Sep 2023
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Boomer retirement plans and savings aren't enough? Sheesh what hope do any of us have, then? They are the wealthiest generation this country has ever seen..
Maybe they should stop buying lattes and avocado toast 😉 something...something..boot straps
Maybe boomers (or anyone) shouldn't live for too long /s
Drop the /s. There's 8 billions of us out there, this discussion will arise sooner or later.
Sad but true
Have you seen the size of the average American home?
It doesn't matter how much money you make if you spend it all after you've already exceeded your ability to earn income through work when you still have decades left to live .
I don't subscribe to "all boomers blew their money." My parents worked hard all their lives, and were as successful as any average couple. They are fortunate enough to have a roof over their head and some assets to liquidate, but there's no question they were not where they anticipated being financially entering retirement.
It's just hard out here. Every year the rug gets a little longer, the treadmill runs a bit faster. Even if you get ahead, do everything right, it just takes one market downturn or medical diagnosis to still lose.