• bdiddy@lemmy.one
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    1 year ago

    Most boomers and whatever came right after boomers don’t even have decent retirements… That’s what’s sorta funny about all this. I know quite a few 60s and 70s yr olds that legit don’t have enough to sustain their lifestyles and still have to work. The system failed LONG before Millennials showed up.

    Many of them went their whole lives “not trusting the stock market” just to literally have no retirement. Much of it was lack of education and access to the stock market when they could have been investing, but then at the same time it is a pretty stupid fucking system of retirement when without notice you can lose 40% of value because some bankers fucked around.

    The system sucked for them that’s why they still have to work, but instead of trying to fix it, they just complain that it’s their kids fault.

    • Blackmist@feddit.uk
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      1 year ago

      And even the ones that have a lot of assets to be considered well off have a problem. They’re living in the only thing they own that’s worth a significant amount of cash.

      Property prices have completely fucked everyone. Just because somebody can barely afford to pay 50% of their wages every month for the next 40 years in order own their own house, it doesn’t mean they should. It means they’ve got no choice because there isn’t enough.