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this post was submitted on 30 Aug 2026
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Because they're generalizing. Is every boomer a millionaire? No, there were plenty of cooks, waitresses, mechanics, retail jobs, ect that aren't. What they're talking about are people that made middle-class my money in a lifetime career at the same job. They became millionaires by doing absolute shit other than living life, on a single income with however many kids.
Now a days, if you're in a middle office job you're living paycheck to me paycheck in a 1 bedroom apartment and may or may not be forced to take the bus. People with the jobs earlier ate living of revolving credit, snap, and maybe other forms of convenient assistance.
So no, EVERY BOOMER didn't make out, but the bar for "a good life" was multiple times lower than it is now. Now people who would be considered "rich" by boomers are middle-class today.
We're in the last gasps of the pre-AI era, which is going to lead to a permanent and rising double digit unemployment rate, and the arguments will be about what to do with these excess people.