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The Happy Story of Boomers Retiring on Their Generational Wealth Is Wrong

Tyler Durden's picture


Submitted by Charles Hugh-Smith of OfTwoMinds blog,

 This happy story is wrong on multiple counts.

The conventional view of the Baby Boomers' retirement is a happy story: since we're living longer and remaining productive longer, Boomers will not be as much of a burden on Gen-X and Gen-Y as doom-and-gloomers assume.

Not only are Boomers staying productive longer, they will draw upon their vast generational wealth as they age, limiting the financial burden on younger generations.

This happy story is nicely summarized in this lengthy piece The Fear Factor: Long-held predictions of economic chaos as baby boomers grow old are based on formulas that are just plain wrong.

In this view, the only thing needed to prop up Social Security for the rest of the 21st century is a higher tax on high-income earners, in effect moving the limit on earned income exposed to Social Security taxes from about $114,000 to $217,000.

This happy story is wrong on multiple counts. Let's start with the most egregious errors:

1. It ignores the End of Work and the decline of full-time jobs

2. It ignores the Elephants in the Room, Medicare and Medicaid

3. It ignores the inconvenient reality that there is nobody to buy the Boomers' overpriced stocks, bonds and homes when they start to unload them

Put another way: the happy story ignores the changing nature of work and jobs, the unsustainable cost trajectory of Sickcare (a.k.a. healthcare) and the inability of Gen-X and Gen-Y to buy Boomer assets at bubble valuations. Take these factors into minimal consideration and the claim that 76 million people (out of 316 million) can retire with no negative repercussions falls completely apart.

1. The end of work and changing nature of jobs: I have covered this for many years, most recently in a program with Gordon Long: The New Nature of Work: Jobs, Occupations & Careers (25 minutes, YouTube).

Insert end of work in the custom search box on this site and you'll get 10 pages of articles published here on that topic. For example:

Global Reality: Surplus of Labor, Scarcity of Paid Work (May 7, 2012)

The reality is sobering: 57 million people draw Social Security benefits, tens of millions more draw Medicaid, Section 8 housing credits, etc., and full-time jobs number 118 million:

The Good And The Not- So-Good News About US Jobs In One Chart (Zero Hedge)

That's a ratio of roughly two workers for every retiree and considerably less than that for workers to the total number of government dependents. As the Baby Boom retires en masse, if full-time jobs don't rise as dramatically as the number of retirees, the system fails.

The happy story repeats the usual falsehood that Social Security has a Trust Fund it can draw down. This is a falsehood because the Trust Fund is fiction: when Social Security runs a deficit, the Treasury funds it by selling Treasury bonds, the same way it funds any other deficit spending. If the Treasury can't sell bonds, the phantom nature of the Trust Fund will be revealed.

2. Everyone who looks at numbers rather than fictional claims knows the intractable problem is Medicare and Medicaid. In Sickcare, there are no real limits on cost, and so every attempt to impose cost discipline fails or triggers blowback.

Here is Medicare's twin for under-age-65 care for low-income households, Medicaid:

As I have observed for years, Obamacare and Medicare/Medicaid do not tackle the underlying problems of Sickcare costs in America. If you haven't read these analyses, please have a look:

Why "Healthcare Reform" Is Not Reform, Part I (December 28, 2009)

Why "Healthcare Reform" Is Not Reform, Part II (December 29, 2009)

That Which is Unsustainable Will Go Away: Medicare (May 16, 2012)

Obamacare is a Catastrophe That Cannot Be Fixed (December 6, 2013)

3. As I explained in The Generational Short Part 2: Who Will Boomers Sell Their Stocks To?, the Boomers' vast generational wealth will shrivel once they start selling assets en masse. The reality is neither Gen-X nor Gen-Y have the savings, income or desire to buy bubble-level assets from their elders.

This reality has been papered over for the past 5 years of super-low interest rates, which have enabled unqualified buyers to buy overpriced assets with modest income. Once the defaults start pouring in (and/or interest rates rise), the reality will become visible: you can't cash in your wealth if there are no buyers.

There are numerous other fatal flaws with the happy story that 76 million Boomers can retire on full pensions and live off their home equity and stock portfolios. Here are a few of many:

4. Pension funds based on annual returns of 7.5% will be unable to fund the promised pensions when annual returns decline to negative 5%. As John Hussman has explained, every asset bubble in effect siphons off all the future return: when the bubble finally pops, average annual returns are subpar or negative for years.

5. The ultimate buyer of all Boomer assets is presumed to be the Federal Reserve.I explain why this isn't going to happen in The Fed's Hobson's Choice: End QE and Zero-Interest Rates or Destabilize the Dollar and the Treasury Market (June 24, 2014).

6. It's presumed the Federal government can borrow as many trillions of dollars as it needs to fund retirement and social benefits as far as the eye can see. Please see the article linked above to understand why limits on the Fed's money printing and buying of governemnt bonds imposes limits on Federal borrowing.

To quote Jackson Browne: Don't think it won't happen just because it hasn't happened yet.

7. Boomers are staying productive longer and keeping their jobs longer. The reasons for this are many, but one consequence is a dearth of opportunities for Gen-Y job seekers. As full-time employment stagnates or even declines, it's a zero-sum game for the generations: every job a Boomer holds onto is one a Gen-Y applicant can't get.

A 12-hour a week low-pay part-time job will not support a wage earner or fund a retiree.

8. A Boomer who bought his home for $50,000 decades ago can live very well on $75,000 a year; it's a different story for Gen-Y. The Boomer has a low mortgage payment (presuming he didn't extract all the equity in the go-go years) and low property taxes in states with Prop-13-type limits. The Boomer who hits 65 has relatively modest medical expenses as Medicare does all the heavy lifting.

Low housing and medical expenses leave Boomers with relatively ample discretionary income. The Gen-Y wage earner who takes the same $75,000 a year job is not so fortunate. The Gen-Y wage earner is offered the Boomer's $50,000 home for $550,000, and crushing property taxes to go with the gargantuan mortgage.

The Gen-Y wage earner typically still has often-monumental student loan debt to pay off, and much higher healthcare expenses as companies offload rising Sickcare costs onto employees. Higher Social Security and Medicare taxes hit Gen-Y square in the financial solar plexus, while retiring Baby Boomers escape these taxes altogether unless they're still working.

The point is an income that offers a Boomer a middle class lifestyle does not offer a corresponding discretionary income to Gen-Yers. The entire pyramid of well-funded retirement is based on a generational continuation of massive borrowing and discretionary spending.

If that doesn't happen for structural reasons, the pyramid of well-funded retirement collapses under its own weight.


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Wed, 06/25/2014 - 10:37 | 4893203 Bollixed
Bollixed's picture

Que the Boomer haters who have yet to contribute but love to make noise in 3.2.1...

Wed, 06/25/2014 - 10:43 | 4893239 surf0766
surf0766's picture

I have contributed much more than many of the boomers I know. So piss off

Wed, 06/25/2014 - 10:58 | 4893308 BandGap
BandGap's picture

Then you should meet more of them.  I maxed out Social Security for 23 of the past 26 years. I'll never see a dime.

Ever wonder why Congress is passing legislation making reverse mortgages easier?

Wed, 06/25/2014 - 11:22 | 4893427 BlindMonkey
BlindMonkey's picture

Congratulations on winning the lottery of life.


PS. Thank you for all your contributions to the "greatest generation". The old folks aging away in Fl appreciate it.

Wed, 06/25/2014 - 11:25 | 4893451 halfasleep
halfasleep's picture

" can't cash in your wealth if there are no buyers." Umm.. see:Fed/Belgium?

Wed, 06/25/2014 - 12:36 | 4893767 NidStyles
NidStyles's picture

Yes those poor boomers. 60 years of knowing how broken this system they created is, and they want to pretend they are the greatest gift to any society.


Yes please do tell us more about how hard you worked your entire life to leave the rest of us with Mcjobs and government positions.. 

Capital is purely cumulative, and I see a lot of it having been wasted on green lawns and Hemi's even with them being aware of the mess created on their watch. That's fine though, you can pass the debt onto the next generation and ignore that it happened though. No explanations about why you let things get this bad, and you can channel the founding fathers all you want while ignoring what they and even Kennedy said.

Wed, 06/25/2014 - 12:41 | 4893849 greatbeard
greatbeard's picture

>> to leave the rest of us

We are required to leave you something?  What have you done to make the situation better?  Oh, that's right, you've got a bad back so you can't work hard.  Fucking boomers.



Wed, 06/25/2014 - 12:52 | 4893903 NidStyles
NidStyles's picture

Naw, that's right you guys were too busy leaving us a few Trillion in debt to worry about, that's alright though. Thanks for enjoying your time on Earth, now please get out of the way so the rest of humanity can fix the fucking mess you let happen on your watch.


Yeah, I can't work hard. More like I refuse to pay into this system that pays your generation for what? Screwing hundred millions of people in this country and a few billion elsewhere on the planet. Yeah go fuck yourself with that guilt trip bullshit. When you assholes start apologizing for leaving us and the next generation this mess you certainly enjoyed while you were younger then I will feel guilty about saying the things I say. Unless that happens and you realize how many kids you sent to war for oil over the past 6 decades, don't expect me to be too worried about your damn opinion... 

You knew you could have stopped this crap almost 50 years ago. 

Wed, 06/25/2014 - 13:08 | 4894019 BurningFuld
BurningFuld's picture

You've heard of Religious wars...I now present AGE WARS! Have at her people.

Wed, 06/25/2014 - 13:12 | 4894049 NidStyles
NidStyles's picture

More like debt wars. This whole thing is about the moral standing of an entire generation of selfish assholes foistering a mountain of debt upon the next generation and no saying one peep of a fucking aplogy. At least my uncles have the balls to apologize for their portion of the mess.

Wed, 06/25/2014 - 13:32 | 4894138 Boris Alatovkrap
Boris Alatovkrap's picture

Free of care retirement is potemkin lie of West, is support by rape and pillage activity of Military Industrial Complex through proxy war in other country.

Wed, 06/25/2014 - 13:49 | 4894170 NidStyles
NidStyles's picture

Who in the hell is talking about retirement? I'm talking about kids being born with hundreds of thousands of debt being owe by them by simply being born. 

The situation this country is in, is simply ABSURD, and it's absurd that there are people that let it get this way.

I don't care about retirement. I have already set aside my retirement, which is a gift to my children, not some fancy vacation home for me to enjoy.


I will stand and honestly say that the condition in the US is deplorable, and there is not one single reason for it.

The Baby Boomers let this crap happen on their watch, and they reaped the benefits from it, and the collapse and everything else will be foisted upon the following generations. The Millennials will pay with blood for the enjoyment the Boomers enjoyed in their time. I hope many of the Boomers understand that there will be a war fought because of their choices and actions in life, and it will be the millennials fighting that war for them. 

So have at Boomers, attack me. You know what I am saying is right though. You owe those kids and the rest of us at the very least a damn apology. It would be even better if you encouraged your other boomers to do likewise as well.


So you guys can kick the can of responsibility all you wish. I have already bled to feed you and support your lifestyle choices. I know what lies ahead for the future generations. You brought this upon yourselves, and your grandchildren will pay the price for your arrogance. 

Wed, 06/25/2014 - 15:04 | 4894625 SilverDOG
SilverDOG's picture


Love truth based POV.


Wed, 06/25/2014 - 15:05 | 4894634 giggler321
giggler321's picture

Let's be fair now, how much control over the current gov finance do you presently have, not being a boomer?  Probably zero, so was it different for them?  No, most of those goons just had their hands out when someone gave them something they thought was a gift, health care, cheap housing, jobs, whatever.  The greed of people before was and is the same as now and change will only come when ... we stop playing the game - which we are all programmed to continue playing.  I understand it is hard to not blame the people before you, but when you see, nothing that most people do, say or act has changed from generation to generation, then you can hardly blame them.


I feel this quote is most fitting, Albert Einstein, "Insanity: doing the same thing over and over again and expecting different results".

Wed, 06/25/2014 - 15:33 | 4894753 daveO
daveO's picture

If they weren't all self centered atheists(at least the ones I'm related to), they'd know selling children into slavery is as old as the bible. They are, simply, too stupid to see it. Marsha Brady never discussed this dilemma with mom or dad. We must deal accordingly. 

Wed, 06/25/2014 - 13:43 | 4894201 greatbeard
greatbeard's picture

>> leaving us a few Trillion in debt

Most of the debt was accured, no doubt, in your lifetime.  What have you done to prevent it?



Wed, 06/25/2014 - 13:59 | 4894272 NidStyles
NidStyles's picture

Certainly not buying houses that were thrown up in the derivative scheme.

I'm not pursuing get rich schemes like you. I don't take out loans, I have no credit cards. I don't even own a car anymore. I live in self-induced poverty to avoid paying taxes into the system. Tell me hero, what in the fuck have you done in your life that allows you the position to judge me personally? 

I have made more sacrifices in my short 33 years of existence than I have seen any of you do in your entire lifetime. I will not contribute to this system so that the next generation can deal with it. I will not kick the fucking can. I would rather live in poverty and debt free status than to push this shit onto my kids or someone else's kids. 


I've done more to spread the message of Austrian economics and Liberty than any single one of you that is not a part of the LvMI. Let's break out our measuring sticks here and see who is doing what with the future of humanity. I started, now it's your turn and then I will go again and so on.




Wed, 06/25/2014 - 14:48 | 4894566 ersatzteil
ersatzteil's picture

Thanks for the martyrdom, I'm sure your kids will love growing up cash poor for such a righteous cause! Better yours than mine.

I'm not so strong in my faith...sold my soul in my mid-twenties with no regrets. My masters say "jump" and I ask "how high?" Order comes from the top down, and loyal dogs get fed the best.

You'll hit on it soon enough, likely when it comes time to lay down that nest egg. Then you'll wish you'd kicked the can.

Wed, 06/25/2014 - 14:56 | 4894588 NidStyles
NidStyles's picture

I am married and have kids. They are not in this country though. Only a fool would stay here and deal with this mess and eventual shitstorm.


Cultural bias or not, I've been an outcast my whole life, I see no reason to waste my good years on supporting a failed system. Especially for people who have done nothing but take advantage of less fortunates around the world and laughed at them from their tower of babel.

Wed, 06/25/2014 - 15:09 | 4894645 SilverDOG
SilverDOG's picture




Poverty on paper, is not a life OF poverty.

You need to know the difference, if can comprehend beyond your belief.

Wed, 06/25/2014 - 18:32 | 4895526 RichardParker
RichardParker's picture

On the street we got a name for your kind:


Wed, 06/25/2014 - 15:36 | 4894767 daveO
daveO's picture

The Dem's will want to re-institute slavery when enough tax slaves wake up.

Wed, 06/25/2014 - 18:25 | 4895500 RichardParker
RichardParker's picture

"Poor and free" is way better than "rich and enslaved".  I've been both and prefer the latter much more.  The best would probably be "rich and free", but it nevet works out that way.

Wed, 06/25/2014 - 12:47 | 4893886 Pool Shark
Pool Shark's picture



Why are we fighting among ourselves when we know who the real enemy is?

Since the founding of the federal reserve and the federal income tax (16th Amendment) in 1913, each generation has 'screwed' the one following it. It is only through the limitless creation of 'money' and credit (which spends just like 'money') that this was possible.

The mantra in the USA (and nearly all western countries) has become "I will gladly pay you Tuesday for a hamburger today."

If we had an honest monetary system where debts actually had to be paid in real money (not scrip, i.e., FRN's or borrowing) this could never have happened.


Wed, 06/25/2014 - 13:10 | 4894038 NidStyles
NidStyles's picture

Funny thing about the Federal Reserve, all of the information I have learned about it comes from the generation that brought the boomers into this world. There's a 40 year gap where no activism or social commentary on the Federal Reserve occured.

Gee, it was during the age of the Baby Boomer taking over the reins of government that this occurred. Someone dropped the fucking ball.

Wed, 06/25/2014 - 15:46 | 4894815 daveO
daveO's picture

They are trained debt slaves, programmed by the TV. I have boomer relatives who do not have original thoughts. All of their thinking has been programmed by their boob box. Some have given me grief for driving old 'beaters' while they drive 7 year car payments with a shiny emblem on front. Misery loves company, I suppose. I like to think of them when I'm driving my 'paid for' POS to the beach while they're slaving away at the office. I will not offer them help when TSHTF. Think of the Three Little Pigs. The boomers are mostly living in straw houses.

Wed, 06/25/2014 - 15:00 | 4894605 SilverDOG
SilverDOG's picture




No doubt

Then ALL IS OWNED by the FED and friends.



One would need to be completely asleep to not see.



Wed, 06/25/2014 - 11:41 | 4893524 Shad_ow
Shad_ow's picture

We paid the max into SS for years too but it wasn't from winning the "lottery of life."  It was from working our asses off for 30 years until the U.S. government took care of the housing industry and put us out of business. Now those imported for slave labor "immigrate" into our overburdened society and so what construction there is.   We are living off retirement savings ten years too early and what meager jobs we can get.  Thankfully we paid our bills and mortgage and do not owe anything.  We did it right and got screwed anyway.  We are better prepared than most.  Are you?


Think before you judge others.  Class and racial division is the hope of the perpetrators that you will blame anyone but them when TSHTF.

Wed, 06/25/2014 - 12:05 | 4893672 MrPalladium
MrPalladium's picture

This talk of generational conflict is nonsense. Cut or terminate Social Security and the Boomers will have to move in with their children, and then you have the entire age spectrum angry at the system. These nonsensical discussions of generational conflict assume that boomers have no children and that gen-X and gen-Y have no parents.

Delusional nonsense. Anger at the system will be uniform across all age cohorts unless Social Security is cut or repealed only for childless boomers.

Wed, 06/25/2014 - 12:16 | 4893729 armageddon addahere
armageddon addahere's picture

How can the boomers move in with their kids when the kids moved back in with the parents or never left?

Wed, 06/25/2014 - 12:43 | 4893862 MrPalladium
MrPalladium's picture

Exactamondo! Because we already have so many multi-generational hoseholds, once Social Security is cut both the parents and kids will have much less to live on.

Social Security cuts will have multi-generational negative impacts.

And, of course, the phony CPI will gradually repeal SS in any event. Why would our imperial masters want to make the process any more visible than it already is?

Wed, 06/25/2014 - 15:53 | 4894853 daveO
Wed, 06/25/2014 - 12:41 | 4893847 NidStyles
NidStyles's picture

When the SHTF, it will not matter if you think sticking together works. Society will shed the weak and feeble in an effort to perpetuate the species. The boomers had their chance to make a system that could work and survive another 5 generations, they dropped the ball in support of that "Great Society" they heard about as children.

Wed, 06/25/2014 - 13:49 | 4894237 Calmyourself
Calmyourself's picture

Yeah, but Nid they brought us diversity and through diversity strength and through strength national unity oh yeah...

Wed, 06/25/2014 - 14:06 | 4894319 NidStyles
NidStyles's picture

I feel a lot of national unity talk is mainly them being aware they are leaving this debt and not wanting younger folks to be pissed off about it. 


Unity my ass, I could tell stories about how great the Boomers are. On the fronting side while they can certain turn the charm on they are just empty soulless meat bags like the rest of us waiting for salvation and unwilling to do what is required to absolve themselves of their sins. They can certainly on average blame the rest of us for being too lazy for them though. 



Wed, 06/25/2014 - 16:01 | 4894910 daveO
daveO's picture

I bumped into a boomer I know, but am not related to, wearing a t-shirt with DIVERSITY emblazoned(each letter a different color) across the front. I'm serious, they sell t-shirts like that.

Wed, 06/25/2014 - 11:17 | 4893409 bullchit
bullchit's picture

You know the poor boomers, right?



Wed, 06/25/2014 - 11:26 | 4893448 jbvtme
jbvtme's picture

boomer here...just sold a piece of real estate last week. my wife and i rent and own two ten year old rigs with 100k plus milage. not rich.  i'm giving the proceeds of the sale to people who have worked for me over the years. one guy was a mason who worked on my house thirty years ago. haven't seen or talked to him since.  he gets $10k. another is a girl who worked in my office who had a drug problem when she left and has since straightened herself out. she gets $10k. and so on. Tyler spread some good news around.

Wed, 06/25/2014 - 12:07 | 4893689 noless
noless's picture

Crazy, no one would ever do that for me.

Thanks for not being a complete jackass.

(this is intended as a sincere compliment)

Wed, 06/25/2014 - 12:29 | 4893792 NidStyles
NidStyles's picture

Too many of your generation is too busy telling the rest of us how we are not working hard enough though.

Wed, 06/25/2014 - 12:35 | 4893820 jbvtme
jbvtme's picture

i have little respect for anyone in my generation. as far as the younger folks (20 somethings). it's not about the lack of ambition as it is the lack of entrepreneurial instinct. everyone is looking for a job as opposed to a career or vocation. when i was young i asked people my age what was the secret of their success. the consensus was being self employed and staying out of debt. i managed both and retired at 55.

Wed, 06/25/2014 - 12:44 | 4893863 NidStyles
NidStyles's picture

Good luck doing that in a country with a declining standard of living and your best job opportunities are fast food and working for the government. This stuff did not happen overnight...

Also, most of these younger kids are being raised in poverty, so starting a business is not exactly a step out onto the sidewalk of life, and half the time what they might try to start is likely illegal. 


Wed, 06/25/2014 - 13:17 | 4894065 jbvtme
jbvtme's picture

i painted houses when i was in college. roofed after that. then carpentry and odd jobs. lots of cash jobs.

Wed, 06/25/2014 - 13:35 | 4894145 NidStyles
NidStyles's picture

While in college. You're not noticing something about that are you?


It's like I'm talking to the wall here, and the wall is denying it's own existence or the 800lb Gorilla sitting in the corner. Look at who is in Congress right now. Hint, not many under 55. 

Wed, 06/25/2014 - 16:09 | 4894969 daveO
daveO's picture

30 years ago, I watched a news segment on Detroit(Detoilet). There was a 20 year old guy(guess which color) who said he wasn't about to bag groceries for a living when he could collect more on welfare. It takes a lot of working slaves to carry this load. He's been(if he's still alive) milking the system your whole life. Detoilet declared bankruptcy, but DC refuses to. Hyperinflation instead. 

Wed, 06/25/2014 - 13:18 | 4894072 malek
malek's picture

And hopefully you were clearsighted enough to write off your "contributions" and save for yourself at the same time.

Wed, 06/25/2014 - 10:51 | 4893243 Sudden Debt
Sudden Debt's picture

Okay, that's what we call the generational conflict.


The "boomers" took from the system on average 2.7 times as much as they contributed.

They looked at their children and said: PISS OFF!

And they looked to their parents and said: DIE OFF! and put them in retirement houses...


now the real question will be: will the new generation who has seen all that happen... take care of the old boomers?

the boomers like to think so...

the boomers expect to get all and more...



The boomers like to say: LOOK AT WHAT WE DID!!!

And figure out that all the rest must be lazy because they don't have what they have.

They have no clue that now people have to work 3 times as hard.

And why?

Because all the boomer costs need to be repaid and everything is turning expensive because of it.


The current solution to the problem actually is the parasitic cost of those boomers that has made it impossible for the younger generation to expand.

If we want to restore the system, all wealth of the boomers needs to be destroyed so we can start from zero.

Now the real vicitims will be people like me who are midway. Nearly 40, already halfway. Restarting is a bit more difficult. but not impossible.


Wed, 06/25/2014 - 10:55 | 4893271 Headbanger
Headbanger's picture

Oh pleeze..  That's a generalization that doesn't apply to most of us boomers as I know plenty who have done much the opposite.

But I agree with you about all of the other self indulgent, deserving, me me me Beemer driving Boomers that fit your depiction.

And Porche pukes too.



Wed, 06/25/2014 - 11:08 | 4893313 Sudden Debt
Sudden Debt's picture

well... it's not like everybody who drives a beemer is evil... some of them are very likeable and friendly and smart people... :)


And I understand what you're saying. I'm a nearly 40's guy.  I'm fucked up in my own way. My crede is fuck everybody and I only take care of my own kin.

But when you hear the younger generation and I've always worked with them, they simply don't give a fuck about anything anymore. And frankly why should they? There's nothing left for them anyway.

Only a rare few will be able to buy our houses, the salaries they make are a joke and may god help them if they ever retire.

What's their goal?


And as boomers go, I only know the upperclass kind. And believe me, sometimes they can piss me off... in a very big way.

They have a superiority over themselves because they took everything on the cheap but most of them never really worked a real day. The jobs back then done by 5 is now done by maybe 1 or a app.

Most of them don't stand a chance if they would need to start over.

And they all forget that when most young people don't get what they want... that they tend to take it.

And they forget that the way to "took care of their parents" and their children that this will be the way those kids will take care of them.


You should ask something very cruel to a younger person: "HOW MANY TIMES DO YOU THINK ABOUT WHEN YOUR PARENTS WILL DIE AND WHY'

They'll tell you: At least twice a week.

And why?

for the money.




Wed, 06/25/2014 - 11:28 | 4893423 SmackDaddy
SmackDaddy's picture

I'd say that this applies to most generalizations and certainly here: there is more variation within a population than between two populations. Obviously there are a lot of good people and worthless fucks in every generation. I will say that my wife and I have assumed leadership roles in each our families over our parents (all born mid 50s). But I would say this is in uncharacteristic of my peer group

Wed, 06/25/2014 - 12:50 | 4893902 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

As a member of Gen-X, it is easy to blame ALL boomers for the issues, but I don't think this is accurate. What is more accurate is about half of the boomers are the problem. Those from wealthy backgrounds. Those who spend money like water. Our shameful leaders. The MSM. Commie professors on college campuses and teacher in public schools. Those who are destroying the system without even knowing it. 

Wed, 06/25/2014 - 11:05 | 4893344 Parabox
Parabox's picture

I pretty much instantly hate anyone who drives a BMW or Audi or Porsche, etc.  I do not hate them for their "success".  I hate them because it is a huge waste of precious resources.  When a vehicle that costs one third of these status symbols does the same job, that is not value to someone who actually works for a living.  It's frankly offensive to my sensabilities.  They have that much money to piss away and they still cry for more.

Wed, 06/25/2014 - 11:15 | 4893390 Ghordius
Ghordius's picture

is a German car a bigger waste of resources than let's say a Japanese one? Does it need more steel, rubber, glass, upholstery, energy to be built?

or does it just cost more? because of the shape of the market? look, it's simple: a lot of luxury items cost more because of the bragging rights. people are willing to pay more because it impresses some (the girls, for example) and - bonus item - pisses some off

it's called conspicuous consumption. aka "keeping up with the Joneses". birds do it with songs, plumage or even shiny items

Wed, 06/25/2014 - 11:21 | 4893432 Zerozen
Zerozen's picture

"I hate people because they don't spend their money the way I would spend it"

You would make a good statist.

Wed, 06/25/2014 - 11:28 | 4893466 BlindMonkey
BlindMonkey's picture

He IS a good statist. Think of all the better decisions he can make with your money than you can.

Wed, 06/25/2014 - 14:33 | 4894478 what's that smell
what's that smell's picture

hey boomers!

i want you to know this beyond a doubt; your retirement dreams are really nightmares.

you are gonna die covered in shit and piss and bed sores inside a cockroach infested retirement warehouse where a minimum wage fuctard is gonna steal all your precious "toys" and beat the living fuck outta ya until you shut the fuck up.

so enjoy your sniveling now 'cause payback is gonna be hell.

Wed, 06/25/2014 - 11:44 | 4893540 Four chan
Four chan's picture

if you buy a new porsche you should also go kick a homeless guy in the nuts because you are part of the problem, that said i love my used cayenne lol

Wed, 06/25/2014 - 12:02 | 4893657 Zerozen
Zerozen's picture

If you buy a new anything, you're a dumbass.

Or you just have so much money you really don't care.

Wed, 06/25/2014 - 11:57 | 4893628 andrewp111
andrewp111's picture

Just hate them for the way they drive - particularly those with BMWs. Forget about the rest.

Wed, 06/25/2014 - 12:22 | 4893759 armageddon addahere
armageddon addahere's picture

Look at it this way. A BMW, Audi or Porsche does not weigh any more than a Toyota, does not take any more metal, plastic or other resources to make. Is no faster, or safer, or more comfortable, will not last any longer.

Yet the fools who buy them pay double or triple for the privilege.

You should laugh at the suckers paying through the nose for nothing.

Or, you can go on limiting yourself and corroding your guts with envy. Your choice.

Wed, 06/25/2014 - 11:05 | 4893347 GubbermintWorker
GubbermintWorker's picture

My house would have been paid off if we hadn't refinanced to pay our kids way through college. How is that saying "PISS OFF!"??

Yeah, I just put my Mom in a nursing home as both myself and my wife work and can't stay home to bath her, feed her, and clean the sheets that have shit and piss on them. Home care costs more than both she and we can afford.  That's not saying "DIE OFF", that's saying its way too expensive to grow old nowadays.

We don't say "LOOK WHAT WE DID"! We've always lived frugally and didn't take expensive vacations, buy new cars, or live in starter castles. We've lived in a modest ranch style house for the last 25 years.

I also don't expect, or want, my kids to take care of me when I become to infirm to take care of myself.

I'm fully aware of the shape that SS, Medicare, and pensions are in and started stacking years ago to pay for major outlays that will come up. Hopefully there will be some left over for the kids but with the way medical costs are going that is doubtful. All I can do is eat right, exercise, and pray something serious doesn't get me and deplete our reserves.

So, quit your whining and pitting one generation against another. That's what they want.



Wed, 06/25/2014 - 11:24 | 4893442 Sudden Debt
Sudden Debt's picture

I'm not attacking you personnaly but actually, you're saying exactly what my parents say.


I also don't expect, or want, my kids to take care of me when I become to infirm to take care of myself.


yep. And my parents also told me they found a retirement home for when they get old. All we need to do (the kids) is put up a extra 3000 euro per person. Yep... all taken care off. Above their pensions. And that's 3000 without expensives and their current pensions already subtracted.

And how do they respond when I told them 'Fuck that!"?

oh... it's the law... if your parents want that, the kids have to pay that. It really is the law. don't you want your parents to have some form of luxery?


My parents live in a small castle like house. I'll never be able to buy it. And honestly, I'm affraid of the inheritance! Why? I bet there's a shitload of loans attached to everything! the way they live, it's simply impossible if I look to their income and savings!

this year was already a new record! 3 vacation trips! And 3 more to go this year! Are you fucking kidding me?

And I'm not alone in this. I hear this from about all my friends.

Rich on the outside and a nightmare behind the doors.


Wed, 06/25/2014 - 11:53 | 4893600 GubbermintWorker
GubbermintWorker's picture

Where do you live because that sure isn't the law here! For the most part, the parents expenses are solely the responsibility of the parents, not the offspring.

Wed, 06/25/2014 - 12:20 | 4893753 Sudden Debt
Sudden Debt's picture

The Empire of Belgium. And if you don't know where that is, just take a worldmap and it's right there in the middle surrounded by lots and lots of parking space.

Wed, 06/25/2014 - 13:16 | 4894064 BurningFuld
BurningFuld's picture

Sudden Debt. Move!

Wed, 06/25/2014 - 15:54 | 4894865 toady
toady's picture

Exactly. All the women in my family struggle in their own homes, trying not to go to a nursing home and lose 5-10 K a month. My one grandma was successful, and my uncle was able to inherit her house. The other spent about a year in one before she passed. They had to sell her house to cover the bills. My mom is fighting it now. She's house-bound and in rough shape, but she's giving it a go.

Lucky for me, us males mostly keel over and never make it to the hospital.

Wed, 06/25/2014 - 20:31 | 4895927 StychoKiller
StychoKiller's picture

So, why not sell the house to yer children BEFORE nursing home time rolls around?  They can rent out a couple of rooms to you in order to help defray mortgage payments (which you should have sold to them without the help of a Bankster!)

Wed, 06/25/2014 - 15:02 | 4894611 Chewybunny
Chewybunny's picture

I can relate to this. When my mom died I had to take care of the house. At the time I was making 600 dollars a month, and working 8 hours a day on a project with some people that would, if finished, brought us potentially all millions. One of those, garage-software things.

Well that house broke me, I stopped paying some of the bills, had to fight with the DWP, until after 9 months I just gave up. The mortgage kept piling on until it was around 32,000 dollars I owed just for one month. I even had two roomates each paying me a good amount and all of it went straight to paying the bills and maintenance costs. Fuck that, I abandoned it and before I lost all my money me and my dad pooled together to get me a condo. I still live in it, paying less than 800 a mont and live in a great spot in San Fernando Valley here in Los Angeles.

Screw owning a huge house, it's just not worth the headaches.  

Wed, 06/25/2014 - 13:01 | 4893947 NidStyles
NidStyles's picture

You are one person out of MILLIONS. To you I say thank you, if everything you said is true, thank you.

I can not say that to many of your age group and it has nothing to do with generational rivalry. My uncles are my best friends in the world, and they did not and do not run around acting treat younger folks like crap. They know the difficulties that we face, and most of them wish they knew about the majority of these issues before handing off the world to the next generation. They are actually willing to engage younger folks, not take the typical boomer trend of simply ordering others around. I actually like seeing boomers working crap dead end jobs, it brings some humility to them.

Wed, 06/25/2014 - 11:23 | 4893437 Banker Buster
Banker Buster's picture

There seems to be an overwhelming consensus regarding the boomer generation, see link below.  I don't remember the "greatest generation" being so hated in the tail end of their lives.  Boomers are loud and obnoxious, they are sort of like the modern day neanderthal and everyone is just waiting for them find the exit so humanity can continue to improve.  Yes they did shit on society and broke families and want people to act like they did a good thing.  If I see another 65 year old boomer on a Harley with a biker gang vest trying to look tough I'm going to puke.  When will they grow up!!!  Time's up boomers, move along or be tossed out.

Opinion of boomers here at urban dictionary.


Wed, 06/25/2014 - 11:31 | 4893462 Sudden Debt
Sudden Debt's picture

There's also a new trend where the boomers go to court to close down playgrounds, schools... because... they make to much noise... they now hate children.

They just only care about themselves.

And I'm not saying everybody. But I'm pretty close if I say 80%.


Wed, 06/25/2014 - 12:14 | 4893720 janus
janus's picture


great point...they do despise anything that hints at life and its vibrant melodies.  in all fairness, i suppose we should consider their generational predicament.  surely, Sudden Debt, you couldn't be so heartless and cruel as to begrudge these dunderning fucks impregnable and perfected silence...after all, the cacophonous racket of young children at play is down-right caustic for anyone who wakes and then instantly takes a xanax, a prosac, an oxycotin, two or three statins, testosterone/estrogen 'balancers', some adderal to spike their coffee and counteract their 'downers'....garsh, it's all but immoral to impose the hellish din of laughing and giggling children on their medicated bliss. 

strange, much as these geriatric pill-poppers detest the buzz of children and active community, they do adore their leaf-blowers.  i tell you boys this much, if'n janus ever 'loses it', you'll see a strange news story about this heroic american randomly blasting boomers and their odious two-stroke engines to hell.


Wed, 06/25/2014 - 17:59 | 4895409 25or6to4
25or6to4's picture

Great post Janus. You summed it up perfectly.
Most boomers in my neighborhood mow their 1/4 acre lot with their 30 horse John Deere riding lawn mowers once every six hours. There is not a hand operated tool in their inventory......gas powered everything and noisy as hell. But don't you dare mention anything to them because apparently their shit don't stink.

Wed, 06/25/2014 - 13:43 | 4894198 malek
malek's picture

In Europe I'm actually waiting for the opposite to happen:

Busloads of retirement home occupants are driven to one of the small remaining areas in where a significant number of kids live (from those rare couples that still have children in Europe), and then pushing their walkers around gasping at the kids like in a zoo.

Wed, 06/25/2014 - 14:08 | 4894336 janus
janus's picture

what is this crazy-talk...europe, especially france, is just bristling with children.  they're all busy memorizing the koran and learning how evil are those white-devils gracious enough to welcome them into their country.  children, children everywhere!  all of them anxious to make you pay for your infidel ways. 

suffer unto me the little children,


Wed, 06/25/2014 - 12:12 | 4893715 25or6to4
25or6to4's picture

@Banker Buster
If I see another 65 year old boomer on a Harley half bald with a pony tail, ears festooned with rings and with a biker gang vest trying to look tough I'm going to puke. There, fixed it for you.

Wed, 06/25/2014 - 12:34 | 4893818 armageddon addahere
armageddon addahere's picture

Ever hear of the generation gap?

You used to hear the same criticism of the "greatest generation" or "you can't trust anyone over 30" Richard Nixon, Bob Hope, what's good for General Motors is good for the USA, DDT, Cold War generation.

They did not become the "greatest generation" until 90% of them were dead or retired.

While they were alive they were the greedy generation who took all the good jobs, burned up all the oil, oppressed the 3d world poor, started wars all over the world, created all the pollution, driving around in their 3 ton 10MPG Cadillacs.

Now they are gone it is safe to praise them. Also cheap, you don't have to do anything for them now they are in their graves.

It's another angle on the old divide and conquer plan. Get the younger generation to cheer as you throw Granny under the bus. They are too dumb to figure out that if they let you get away with that, they will be next.

Wed, 06/25/2014 - 13:07 | 4893992 NidStyles
NidStyles's picture

Tell that to the Boomers that threw the Gen-Xer's and Millenials under the bus already LOL!




Yeah, talk about throwing generations under the bus... The boomers in general did a great job doing it, and they haven't the courage to give in and leave the world. If it sounds like I am a little angry, it's because I might just be a little angry at the treatment they have force the rest of us to put up with with their "Bad to the Bone" attitude.

Wed, 06/25/2014 - 11:33 | 4893487 bullchit
bullchit's picture

Who took over SD?

"The boomers like to say: LOOK AT WHAT WE DID!!"

The boomers like to say "Who took over SD"?

"The boomers costs"?......Boomers are resposible for the higher costs?....

So SD is now a class/age war cunt......OK

Be seein' Ya....

Wed, 06/25/2014 - 12:25 | 4893769 Sudden Debt
Sudden Debt's picture

I'm not a cunt! A bastard... Yes... But a cunt? :)

We're still friends right? :)

Wed, 06/25/2014 - 14:51 | 4894577 SubjectivObject
SubjectivObject's picture

So, Sudden Debt, do we see what inspires your moniker? 

What with what your parents have planned for your productive years?

Worst part will be that they have to live with you because no other option exists.


Wed, 06/25/2014 - 11:49 | 4893566 Shad_ow
Shad_ow's picture

Please see my post above.

You are just as wrong to lump all boomers into that generalization as I would be to accuse all younger Americans of living off their parents work and collecting welfare and Obama phones.  Case in point, my children were afforded free education in private school, college and graduate schools.  One is an engineer, making six figures and the other is a 4th year medical resident.  They made their way in life because of what we provided them.  They will contribute to society and be robbed by government, just as we were.  I am not waiting for them to take care of me, they owe me knotheing other than love and respect.

Stop falling for the ruse that a certain generation, race, or clase caused the problems we face.  Government and finance is the problem.  Remember that when TSHTF.

Wed, 06/25/2014 - 12:35 | 4893822 janus
janus's picture

your argument would hold a lot more water if'n it weren't for this thing we call democracy.  you see, democracy is this peculiar form of government wherein 'the people' vote for politicians that will do their bidding.

and ole janus has this crazy expectation of older and more mature voters; and that is that they be somewhat mature.  we've seen, for at least the last three decades, this boomer generation vote with reckless and wanton greed...THEY voted this slime into office, THEY fund their campaigns, THEY protect and coddle the status quo...THEY have a reckoning a'commin...WE will be pitiless when they are put in the balance and weighed. 

so, tell me, if not a voting-bloc with outsized influence and disproportionate power, then who?  they never raised a peep when corruption, treason, fraud, lies, depravity and decay started to spread over the greatest nation in the history of nationdom...and i, too, will raise no peep when the promises they've made themselves on the collateral of our backs and the sweat of our brow is nulled.

fuck the boomers...rot in hell, cunts.  and, please-oh-please, stop with the self-congratulatory nonsense about your contributions to your kids education.  you 'educated' your kids for the same reason you razed the bunglaow and built the mcmansion -- for shameless status.  go to the thrift store and buy yourselves some medals -- you're all heroes.  now, boomers, it's lunch time; and you all know what that means!  time for your meds!  

have a blessed day,


Wed, 06/25/2014 - 14:41 | 4894525 GubbermintWorker
GubbermintWorker's picture

Fuck you janus. We didn't provide an education to our children for status for shit sake! It's so they would have a head start in this shitty world. And I didn't vote these slime balls in. I either did not vote at all or when I did, voted libertarian.


And I'm still living in my bungalow. Got it all fixed up with new appliances, wood stove, new siding and windows, standby diesel generator, fruit trees, berry bushes, a little garden, and plenty of beans, gold, silver, and lead, especially lead.


Bring it asshole.

Wed, 06/25/2014 - 14:48 | 4894562 Shad_ow
Shad_ow's picture

Same here dude.  Some of us get it.  Most of us get it shoved down our throats anyway.

Best of luck to you and yours!

Wed, 06/25/2014 - 14:46 | 4894555 Shad_ow
Shad_ow's picture

I have been a screaming conservative for decades.  Many of my friends and family refuse to discuss politics because I hate liberals so much.  You have no idea what many of us have done to fight the communist takeover here.  What have you done?  Are you still in high school?  If not, you are responsible too.

Wed, 06/25/2014 - 15:17 | 4894675 magnetosphere
magnetosphere's picture

you forgot the most important one of them all.  the nazi-bolsheviks in power refuse to allow anyone to build diesel, electric, and high speed rails for passenger transport.

and they have most definitely NOT educated anyone.  any kid with a clue is self taught

Wed, 06/25/2014 - 12:18 | 4893738 Attitude_Check
Attitude_Check's picture

I and my peers in high school knew that we were never going to get SS in any meaningful way, the demographics didn't support it regardless of the economy.  Depending on where you draw the line I am either just in the boomer cohort, or gen X.  Anyone under 50 has no excuse in not preparing for a future where SS doesn't exist.  Those over 60 can be excused for not seeing the freight train coming at the beginning, but should have seen it well enough to adjust their plans prior to retirement.  30 years ago this problem was broadly understood by myself and my peers.  The "me" generation is about to learn the truth of "what goes around comes around - or - as you sow so shall you reap".  Sadly this will not be pretty.

Wed, 06/25/2014 - 12:28 | 4893787 lasvegaspersona
lasvegaspersona's picture

Sudden Debt

Why so serious? First if I recall 'you ain't from around here' (not from the USA, am I wrong?) Secondly the massive generalizations tell me you are more about expressing anger than about analysis of the issues. Perhaps you could personally go out and punish the guilty. 

My take on boomers is that with the exception of the top tier most are involved in the lives of their children who are not doing well. If the economy had stayed strong they would have been doing well but now they are helping the kids with college and debt....and grandkids. I think you have decided upon a false picture of the reality the exists in the USA....but don't let that influence your mood.

Wed, 06/25/2014 - 16:15 | 4895009 daveO
daveO's picture

Boomers, on average, have no wealth, they have debts. If I do the math on my own relatives, they don't have two nickels. Only a couple have their houses paid completely down. Reverse mortgages will be how they survive retirement and sell out their children. That debt will be inflated away.

Wed, 06/25/2014 - 19:14 | 4895681 homiegot
homiegot's picture

You know who is ultimately to blame? Boomer parents. They had a fuck party and fucked and fucked and bore the most selfish generation in human history. Smug, selfish, and having delusions of grandeur, the Boomer generation is a diseased whore. They should be made into Soylent Green. But really, it's their dead, bunny rabbit fucking parents that should be trotted out and shot.

Is that enough generational hate? I really tried to be as hateful as possible.

Wed, 06/25/2014 - 10:49 | 4893262 RaymondKHessel
RaymondKHessel's picture

"3. It ignores the inconvenient reality that there is nobody to buy the Boomers' overpriced stocks, bonds and homes when they start to unload them"

Ever hear of the Fed?

Wed, 06/25/2014 - 11:07 | 4893357 Uber Vandal
Uber Vandal's picture

Why are we ripping in the "boomers" or any other group or contrived group and not those who set this mess up?

Are we truly this retarded to keep falling for this?

A perfect example, I am a Gen X, and a co worker is Gen Y.

Co worker was saying that everything is screwed up due to us Gen X people, and that she will never see a dime of social security.

Sit back, and think about that sentence for a minute.

Just HOW did this co worker get that idea?



Wed, 06/25/2014 - 11:40 | 4893522 bullchit
bullchit's picture

She heard it on "Fuck the boomers .com"?

Wed, 06/25/2014 - 11:57 | 4893622 p00k1e
p00k1e's picture


You make sense.  We all wait for the six-month warning.  

Doc, “I hope you had a good life, you’ve got six months to live before the cell-phone tumors eat your brain.”

Patient, "Where's the nearest gun store?"

Wed, 06/25/2014 - 12:38 | 4893834 armageddon addahere
armageddon addahere's picture

See? They are setting you up already. If they can talk you into throwing Granny under the bus, guess who's next?

If you can figure out how she got the idea, you will begin to figure out who is behind it. And who plans to profit by it.

Wed, 06/25/2014 - 11:50 | 4893578 Greenskeeper_Carl
Greenskeeper_Carl's picture

Deficit spending by the govt is morally wrong. So are voting yourself entitlements that will have to be paid by younger generations. I'm 29, I will pay into it my whole life and not see a dime. Deficit spending is a tax on those not yet born. Social security, Medicare, etc are the moral equivalent of me taking out 100k loan in my newborn's name, spending it on whatever I feel like, then handing him the bill to start paying off for his whole life once he turns 18 and gets a job. That is what deficit spending is. And voting yourself entitlements saying 'you earned them' is bullshit. You will get out far more than you paid in, and you didn't earn it. Sure, it sounds good on paper, but it's unsustainable. You were lied to, and by continuing that lie, all you are doing is fucking over the younger generations. You got suckered into a Ponzi scheme, sorry, shit happens, but those of us that are ping and awake are forced to participate in this Ponzi scheme, in order to fund the boomer generations retirement.

Wed, 06/25/2014 - 12:34 | 4893814 lasvegaspersona
lasvegaspersona's picture


before you get too involved wait a bit to see just how much boomers get before we collapse. My guess is that the boomers will not get what they were promised as it is a mathematical certainty that they won't. 

they can get paid PLUS inflation, they can get not paid but the can't get both paid and 'no inflation'.

Do you really tyhink boomers conived for a system they knew would fail? They did not. They were sold a bill of goods by politicians that told them it would all work out. Remember ....before 2008 NO ONE gave a thought to the monetary system. Inflation was thought of as a curse from heaven, who could know when it would hit?

Wed, 06/25/2014 - 21:23 | 4896134 StychoKiller
StychoKiller's picture

How to cancel your Social Security number... (just don't expect to receive any SS after you do!)

Wed, 06/25/2014 - 13:09 | 4894031 Totentänzerlied
Totentänzerlied's picture

Cue* the Boomers who have extracted many many many many many times what they have put in, and feel really really really really self-righteous about it, making them very very very very defensive.


Wed, 06/25/2014 - 18:27 | 4895507 Buck Johnson
Buck Johnson's picture

Many Genérs aren't going to by a home if they have massive school debt that they can't discharge.



Wed, 06/25/2014 - 10:40 | 4893207 ENTP
ENTP's picture

The Fed will not buy the Boomer's stocks.  If you were the Fed, would you really risk the integrity of the dollar to bail out Boomers?  Nope.  You've got lots of dollars now, you've got the cushiest life anybody in the history of the world has ever had, why would you risk this so the Boomer's can fade comfortably into oblivion?  You don't and you won't.  

So who will buy the Boomer's stawks, Gen Y on a very big discount.

Wed, 06/25/2014 - 10:53 | 4893276 ShorTed
ShorTed's picture

Did you say, "...the integrity of the dollar."?

Good one!

Wed, 06/25/2014 - 10:58 | 4893309 toady
toady's picture

Have you paid attention for the last few years? Who do you think has been buying the push to the ATH? Certainly not any humans of any generation.

Wed, 06/25/2014 - 11:44 | 4893537 bullchit
bullchit's picture

"Boomer stocks"?....

Boomers gonna gut you . cunt.

Can you actually leave your domain unaided?


Wed, 06/25/2014 - 11:57 | 4893211 prains
prains's picture

.....the real elephant in the room is the Banker Woar 3.0 being worked on a feverish rate to get started, the boomer debate is just a side bar distraction divide and conquer debate that is by in large irrelevant becasue once they've achieved global conflict, stawks, bonds, RE, retirement will mean nothing with a zombie sitting on you, eating your face.


who fucking cares about what happens to the fucking boomers, they're in the same fucking boat as the rest of us, why fuking divide us up into camps........fuck.......ity.....fuck,fuck

Wed, 06/25/2014 - 13:21 | 4894088 NidStyles
NidStyles's picture

Divide and conquer?

 You'd have to be united and cohesive first. Try and find me one Boomer that is willing to actually meet a young Gen-Xer or Millenial on their terms or even speak to them without being divisive. You can't

The single fact I can not get a single apology from any of them on this page is exactly why I am ranting. NOT ONE SINGLE APOLOGY since this issue came up a month ago. NOT ONE. 


I refuse to do anything for any of Boomer that can not understand the position they allowed to be created or in most parts they fostered into creation themselves. 


Wed, 06/25/2014 - 16:22 | 4895042 daveO
daveO's picture

To be fair, the Boomers I know don't visit ZH. If I were to mention it, they'd think I was talking about a new zero maintenance landscaping feature I just bought from an infomercial. 

Wed, 06/25/2014 - 19:03 | 4895657 homiegot
homiegot's picture

Plus you'll receive two free Ginsu knives and a ShamWow absolutely free.

Wed, 06/25/2014 - 19:02 | 4895649 homiegot
homiegot's picture

Boomers are good and subserviant consumers. That's what we want.

Wed, 06/25/2014 - 14:23 | 4894432 Cathartes Aura
Cathartes Aura's picture

lol prains, thanks for pointing out the obvious,

in between all the usual finger-pointing ZH is famous for.

today's 2-min hate is focused on "boomers"

any other day & one might find it's the fault of the





pick a "voter team" either/or


today it's a little closer to "home base" as plenty of "boomers" post here. . .

always someone else's fault, else the world would work perfectly in ones favour. . .

hey amrkns - global invading forces non-stop all last century, bill's due, your time's up - karma's callin'

Wed, 06/25/2014 - 15:19 | 4894685 Chewybunny
Chewybunny's picture

This is ZH, if you don't finger point, how would we know who the "enemy" is?!?!

Wed, 06/25/2014 - 18:59 | 4895637 homiegot
homiegot's picture

I'll take a fucked up America anytime over the fuckhole you're from.

Sun, 06/29/2014 - 12:33 | 4907147 prains
prains's picture

that's because you suck from the teet of r'tard

Wed, 06/25/2014 - 10:39 | 4893215 Flakmeister
Flakmeister's picture

The ones that liquidated/downsized their real estate should do ok....

Wed, 06/25/2014 - 10:40 | 4893217 Alcoholic Nativ...
Alcoholic Native American's picture

Social Security Checks supoort terrorism and crack dealers.

Wed, 06/25/2014 - 11:01 | 4893322 toady
toady's picture

And casinos. How could you forget the casinos Native?

Wed, 06/25/2014 - 10:41 | 4893219 Zirpedge
Zirpedge's picture

Boomers, do the honorable thing and seppuku or take a long walk off into the wilderness. You'll find no compassion or dignity in dying at the hospice. Your just running up one last medical bill you can't afford to pay. Your medical expenses from a life of sloth would be fitting testament to the bloated and debt ridden political system you all left us.

Wed, 06/25/2014 - 10:56 | 4893299 Headbanger
Headbanger's picture

And we're not done fucking you yet either!

Now bend over!  Again!


Wed, 06/25/2014 - 11:15 | 4893404 BandGap
BandGap's picture

My demographic has actually grown in employment since the brown clown assumed control. From the looks of things you couldn't do what I do, anyway.

Be nice to us, we're carrying the water for evryone. Thank me later.

Wed, 06/25/2014 - 11:36 | 4893499 Zerozen
Zerozen's picture

Grown in employment = greeters at wal mart/part time jobs, as has been pointed out in many posts on ZH. That type of employment hardly counts as carrying everyone else's water.

If not already, it's soon going to be everyone else carrying the Boomer's water. Where do you think the majority of those trillions upon trillions of unfunded .gov liabilities came from?

Wed, 06/25/2014 - 11:46 | 4893552 bullchit
bullchit's picture

I'd rather do life in the Pen for gutting you and your family.....

Wed, 06/25/2014 - 13:17 | 4894070 toady
toady's picture

Three hots and a cot? Plus cable!

Wed, 06/25/2014 - 17:00 | 4895081 daveO
daveO's picture

Time magazine, 2012.

Then, there's this beaut on Living Wills.

Then there's this.

and this,

I especially like this paragraph, 

Growing old and dying has never been especially topical with boomers, who brought sexuality, birth control, gender issues, and civil rights out of the shadows. In recent years, boomers have reinvented retirement, recharacterizing this period of life from one of leisure and withdrawal to one of encore careers, giving back, and prolonged engagement.    ....(read DEBT slaves) 

The message from your banking masters is clear. Drop dead, quickly!

I encourage all 'non' Boomers to read the last article completely. It will explain to you why they are mostly narcissistic fools. This is how the press has 'handled' them my whole life (45 yrs).

Wed, 06/25/2014 - 10:40 | 4893223 motorollin
motorollin's picture

Roughly 1% of the workforce at my job has retired in the last 9 months. No job openings have been posted. These people will not be replaced. The boomers are retiting and taking their obsolete jobs with them out of the labor force.

Wed, 06/25/2014 - 11:16 | 4893413 BandGap
BandGap's picture

Is that what you really think?

I am in upper management, we aren't replacing people when they leave because of budget constraints. The duties of those leaving go to the ones staying. Are you really that blind?

Wed, 06/25/2014 - 13:03 | 4893987 DadzMad
DadzMad's picture

Yup.  The reward for being a good employee these days is the work of those that have left or been cut and a thinly veiled "just be glad we let you have a job" attitude.

Wed, 06/25/2014 - 13:27 | 4894116 toady
toady's picture

That was the deal at the last big office where I worked. They went from 300+ people to 30 over roughly 3 years. Went from techs monitoring a network& records clerks shuffling paper to full automation.

Doesn't really align with the story though. All the people that were laid of were pre-boomer and all us left at the end were post-boomer.

Wed, 06/25/2014 - 10:42 | 4893233 JustObserving
JustObserving's picture

It ignores the massive increase in illness in the US.  Professor Don Huber of Purdue estimates 1 in 2 children born in 2020 will be autistic. Stephanie Seneff of MIT says that will happen by 2025.

Medical care costs will bankrupt the US even as unfunded liabilities are $130 trillion now (Kotlikoff says they are $230 trillion) and rising at at least $6.9 trillion a year.

Wed, 06/25/2014 - 12:49 | 4893889 lasvegaspersona
lasvegaspersona's picture

Autism is a horrible problem. It destroys families.

The increase in autism diagnoses however seems tied to the increases in funding for families with autism. Before that autism was the worst of the worst. Now we see guy who head thriving operations telling the world they are on the 'autism spectrum'. Families with problem kids know that with a dianosis of autism comes oney...and free daycare. Anyone who is serious about autism and science must understand this link before concluding that autism is on the rise.

Do you really claim that 50% of children will be autistic by 2020?  Really?

Wed, 06/25/2014 - 13:12 | 4894051 DadzMad
DadzMad's picture

No kidding, by today's definition I'm autistic.  My daughter has a friend who is "autistic" becasue she likes routine and has really intense interests in certain things.  Her social skills are fine and she is a great kid.  The parents have serious $$$ so they aren't after the few extra bucks.  It's the medical establishment who likes to throw these bogeymen at parents to freak them out and keep them coming back for more.  The dollars go to the schools for extra staff and special items and back into the medical community that diagnosed them.  It's like the guy who fixes your car telling you if you don't replace all four tires you'll crash.  You do it to protect your kids but he's really just fucking you over.

Wed, 06/25/2014 - 10:46 | 4893245 Miffed Microbio...
Miffed Microbiologist's picture

The only Boomers I know with carefree picturesque retirements are taking government pensions. I have queried them if they have concerns about this and I got blank stares. They do think my sustainability interests are quite cute,a silly waste of time and maybe I should check out the new shows on TV.


Wed, 06/25/2014 - 10:54 | 4893288 Grande Tetons
Grande Tetons's picture

Cutting of the allowance will make for some hard choices.

My Dad fills me on what Andrerson Cooper has to say from time to time. 

Thanks, Dad. 

Wed, 06/25/2014 - 10:56 | 4893296 BandGap
BandGap's picture

And the first to go when  the SHTF. But that is true of anyone with this mindset, boomer or not.

Dancing With the Stars demographic is everyone.

Wed, 06/25/2014 - 19:59 | 4895835 Bemused Observer
Bemused Observer's picture

I don't know where you live, but I am a boomer a few month's away from living on hubby's government pension (earned after 30 years) and words like "carefree and picturesque" aren't what comes to mind when I think about it.

Maybe the upper management gets those carefree pensions...but it sure as hell isn't what most of us will be getting. The numbers aren't looking too good, and I lost my own little pension when I lost my job 4 years ago and had to cash it out to cover bills.

This meme of rich government workers living high on the hog on their "generous government pensions" is a cruel and ignorant notion. It is also false for the overwhelming majority of us.

GS pays Blankfein a fortune, but most GS employees are NOT Blankfein. Bitching at their janitors and lunch ladies as though they are riding the same payroll wagon is pointless.

Wed, 06/25/2014 - 10:46 | 4893248 BandGap
BandGap's picture

Here's the poop. I am a "baby boomer", 54 years old. I have worked all my life. I estimate I have paid between 1 and 1.5 million in taxes, roughly 300K to SS alone. If this had been set aside at 3-5% interest I would be a wealthy guy at this point. I am not.

I have almost no retirement left. I most likely will not receieve any substancial social security payout. I have kids in college and reaching college age. They alone are my future, and my wife's future. Not any government program. Certainly not anything coming back to me after paying for "retirement". They should retire that word.

Regardless of what anyone thinks, I have seen people 20-30 years older than me REALLY struggle these last few years. The object of a lot of the propaganda is to turn one group against another. Do not take the bait. Most of us, >99.5% of us, have a lot in common. Build on that.


Wed, 06/25/2014 - 11:05 | 4893342 l8apex
l8apex's picture

What do you mean "most likely will not receive any SS payout"?  You can go on their website and find out just how much you'll receive.  It's not a guessing game, unless we're talking about all of SS going into default.

Are you already in retirement?  Or have you been spending your 'retirement' money on non-retirement items?  

I'm sorry things aren't working out just as you hoped, but I'm wondering what you're expecting.  More government handouts?  

Wed, 06/25/2014 - 11:09 | 4893370 BandGap
BandGap's picture

Uh, I work for a living. I am the engine for the people in my life, including six kids. You?

So, if you paid in hundreds of thousands of dollars over 26 years under the guise of someone holding (wait, "building" on) it for your retirement, and you asked for it back, would that be a handout?

As far as what I am expecting.....maybe too much in regards to idiots like you. You keep trying though.

Wed, 06/25/2014 - 11:29 | 4893470 Flakmeister
Flakmeister's picture

Considering that SS top out at about 6K that would suggest you started making $110K a year when you were 4 yo....

Wed, 06/25/2014 - 12:30 | 4893798 BandGap
BandGap's picture

I started working when to top was about 65K.

Wed, 06/25/2014 - 14:01 | 4894302 Flakmeister
Flakmeister's picture

Well, there is no possible way that you could have kicked in $300,000....

Unless you started in 1936... and even then that is a stretch....

Wed, 06/25/2014 - 12:01 | 4893651 First There Is ...
First There Is A Mountain's picture

Um yeah - ya think those six kids might figure largely into why you won't have much left at the end?

Wed, 06/25/2014 - 13:50 | 4894246 BandGap
BandGap's picture

Love them all, no regrets. Make life worth living.

Wed, 06/25/2014 - 18:42 | 4895571 homiegot
homiegot's picture

If you were expecting the government to "give back" the money you gave them and then live off that, you've been had. 

Wed, 06/25/2014 - 11:16 | 4893396 toady
toady's picture

I'm 'technically' a boomer too, 50 years old, right at the cut-off, although I fit the gen X profile more than the boomer profile. "

"Trailing" boomers seem to be getting the worst of it. All of the hatred and none of the benefit.

Wed, 06/25/2014 - 11:30 | 4893472 Flakmeister
Flakmeister's picture


Wed, 06/25/2014 - 11:38 | 4893506 nje
nje's picture

Recently Graduated Bachelors are getting the worst of it at the moment.

Although, when all the Boomer's assets, mainly homes, tank in value, today's recent graduates are going to get a real break.

Wed, 06/25/2014 - 11:53 | 4893602 andrewp111
andrewp111's picture

That won't help them if they have no job and no income, and need a monthly check from their parents to survive.

Wed, 06/25/2014 - 17:09 | 4895223 daveO
daveO's picture

Only if, the houses don't get razed to the ground under the guise of 'renewal'. This has already been done in places like Cleveland. When the banks get saddled with too many reverse mortgaged houses, they will go to razing them to save on taxes. The taxpayers will carry the balance. 

Wed, 06/25/2014 - 12:30 | 4893794 ElvisDog
ElvisDog's picture

"Trailing" boomers seem to be getting the worst of it. All of the hatred and none of the benefit

Are you kidding me? I too am 50 years old and we lived in the Golden Age of Plenty. We got our first jobs in the 80's when financialization first took hold. Didn't make a fortune then? Well then we got the 90's with cheap oil and the Internet Revolution. Didn't get rich then? When then we had Housing Bubble and now we have Stock Bubble 2.0.

All this fun over the past 30 years was funded by cheap oil, financialization, exporting jobs, importing cheap labor, and debt. Cheap oil is gone forever. The benefits of the next three have already been realized, and the bills are coming due. The world is saturated by debt, the benefits of which are only going to the 0.1% now. In short, we are infinitely better off than those born in the 80's or later who will see none of the benefits of those things I mentioned but will be expected to pay the bills when people like you and I go on SS and Medicare.

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