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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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[–] 39 points 5 months ago

Remember folks, the boomers aren’t hoarding wealth. Billionaires and oligarchs are. Class solidarity. Don’t care if you’re 18 working your first job or worked for 50 years and trying to navigate retirement, the problem is the billionaire class.

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    [–] 34 points 5 months ago

    Terrified of outliving their money?

    Bitch, I'm a millennial and there's already more month left at the end of the money...

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    [–] 14 points 5 months ago (3 children)

    Millennial hate it, boomers are clueless about it, its time to playyyyyy Bill Roulette! Which bill will get paid this month? Remember Boomers, you created this 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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  • [–] 2 points 5 months ago

    My boomer parents played bill roulette when I was growing up. My parents would put the check and remittance for the electricity in the return envelope for the water in order to give them a few more weeks to pay both. We ate many vegetarian meals because we couldn't afford meat every day.

    They were very aware of income inequality and the financial struggle of raising a family in the US.

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    • [–] 4 points 5 months ago

    Joke's on them:

    US Needs Trillions to Stay Ahead of China in AI Race — Blackrock CEO Points to Pensions and Retirement Savings

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    [–] 1 point 5 months ago

    Just imagine every Boomer as a would be Pharaoh trying to build the bestest house with the mostest stuff in it, to carry with them over to the other side, and it makes more sense.

    An entire generation of cowards, unable to accept that they will die one day, and that what you do while you are here, that's what counts... not how long you can try to run the clock into overtime.

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    [–] 1 point 5 months ago

    Commit seppuku

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