Re: OK boomer

Ken, wealthy boomers probably aren’t going to be liquidating their portfolios en masse. Professionally managed mutual funds use compound interest to grow, and eventually are well enough endowed that you can live off the interest as an income source.

Re: OK boomer

♣Slew Foot♣ /

Hehehe he said well endowed...

Que hot dog memes....

Re: OK boomer

source-6.gif

Re: OK boomer

Probably Fred /

> Jonathan R Wrote:

> -------------------------------------------------------

> Ken, wealthy boomers probably aren’t going to be liquidating their

> portfolios en masse. Professionally managed mutual funds use compound

> interest to grow, and eventually are well enough endowed that you can

> live off the interest as an income source.

Not when they have their kids living in their basement/their old bedrooms with them, some with wedlock children too and have to Help provide for them, when their kids are in college staying in dorms (many help pay for kids college too) when colleges is out on holidays or summer they come right back to their bedrooms,

Children are staying a lot longer in their parents homes not leaving to their mid 20 or longer and being on their parents health insurance to age 26 and they could be on their parents car insurance for as long as they’re in the home,

I have a 21-year-old who still lives with us taking advantage of the insurances (the other two were married and gone in young 20s and occasionally they need help from time to time too and of course we buy clothing and stuff for the grandkids :)

Many times after a divorce a daughter and her children have to move back home, there are a few families on my street alone like that,

There’s basically almost no empty-nesters in my neighborhood anymore because more and more young people have to move back home because they tried making a go of it on their own and they can’t do it,

Many grandchildren are being raised by grandparents nowadays, I know several people that ended up having custody of their grandkids due to being unwanted/unfit by single mother/father or incarcerated mother/father,

Many boomers are putting off retirement and continuing to work till the grandkids are raised or hoping their children could get back on their feet,

Young generation debt is extremely high too because it’s just so easy to buy stuff with just a phone and plastic card with numbers on it,

Re: OK boomer

♣Slew Foot♣ /

Yeah but if you listen to what your mom said and only bought what you could afford 35 years later you look like you're either an inmate in an asylum or a federal Corrections Facility because at age 50 you have no credit score

Re: OK boomer

I don’t doubt what you’re saying Ken, it’s just that you’re talking about average folks who barely own a home, much less a real retirement fund. The generation that created the world the boomers grew up in (and the world that allowed them to prosper) valued the socialism and collective bargaining that boomers omitted from the world they’re leaving to the rest of us. Instead they voted towards unfettered capitalism rather than maintaining and expanding institutions like social security.

Those average folks/their kids/their grandkids are poor because if they weren’t capitalism wouldn’t work. It’s by design.

Ironic.

Re: OK boomer

♣Slew Foot♣ /

Example...

I have paid my bills on time for three decades but I can't borrow or get a mortgage or a new car.

Re: OK boomer

Blaine- The artist formerly known as Plumber Crack "(OFMC)" /

Re: OK boomer

Hard to believe that video is 20 years old Blaine^^ Had to watch it more than once.

Re: OK boomer

Gen x can be more annoying than the boomers. Fucking Fred Durst is a kook.

Re: OK boomer

EVERY generation morphs into the most annoying for the next few, just how it is, seems more intense now do to how fast things change these days.

Re: OK boomer

40 years ago we said “don’t trust anyone over 30”. Lol

Re: OK boomer

^lol, true, and I don't think that has changed much, only the vernacular, and as mentioned above, the speed with which things change.

Re: OK boomer

> Stephen Keller Wrote:

> -------------------------------------------------------

> EVERY generation morphs into the most annoying for the next few, just

> how it is, seems more intense now do to how fast things change these

> days.

I agree and believe that was Blaine's core point.

Re: OK boomer

that shits as embarrassingly cringy as the day it came out

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