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'The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money (fortune.com)
submitted 5 months ago by to c/latestagecapitalism@lemmy.world
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[–] 7 points 5 months ago (1 child)

[. . .] boomers are clueless about [. . .] Bill Roulette!

I don't think that's strictly true. Maybe some have forgotten about it, both both my boomer parents went through it, as did several others I know. Maybe it's regional or people later in the generation, but it definitely wasn't unknown. Especially women as, until the mid-to-late-seventies, they couldn't even do certain financial stuff on their own IIRC.

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  • [–] 3 points 5 months ago

    I remember an episode of Roseanne from the early '90s where she did a move I was very familiar with growing up: mail the rent check to the power company and the electric bill to the landlord. "Oh no! I must've mixed up the envelopes!" And now you've bought another week until the next paycheck hits.

    Capitalism only works when some people are incredibly broke, so, yeah, OP's Bill Roulette has been around for a long as bills.

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