Baby Boomers making out like bandits as usual

Pimperne1

Jimmy_31 wrote: »

Correct.

If the house fund i have in place totalled 10k then yes i would not have saved much at all in those years.

I do not have a 10k house fund.

If I was in the construction industry I would be looking saving up, not to buy a house, but to buy land and then borrow to build on it. Otherwise its a bit like being a painter and getting someone in to paint your house for you.

Graham_Devon

Well it's a shame to have seen this thread go this way.

Babyboomer generation now calling other morons? Same people telling others to grow up and they too may then be classed as an adult?

Not going to add my own thoughts, there is no point, as it's pretty clear this particular forum is mostly made up of those babyboomer generations.

But if I hear "We had 15% interest rates" and then pop onto another thread and see "debt is great, in the 70's, inflation paid of our mortgages" one more time....I'll. Well, I dunno what I'll do. No point in hightlighting it, as I'm likely to be told to grow up, get back to work and stop whinging. So I spose it's best to say nothing at all.

No one can blame the babyboomers...apart from those who really took the pee. Many were just in the right place at the right time. As the article says, an amazing run of luck falling into place. But honestly, with this thread, you'd think the boomers were the teenagers whinging and throwing insults, and the younger generation the boomers.

ILW

Some benefited from high inflation, others suffered high interest rates. I think the term boomer covers period of around 30 odd years and some had it better than others. Just like it has always been. Some get lucky, some don't.
But no good getting all bitter and twisted just because you were not one of the lucky ones. That's life.

Graham_Devon

ILW wrote: »

Some benefited from high inflation, others suffered high interest rates. I think the term boomer covers period of around 30 odd years and some had it better than others. Just like it has always been. Some get lucky, some don't.
But no good getting all bitter and twisted just because you were not one of the lucky ones. That's life.

Hightlighted words.

Same as now.

Quick to hightlight only some got the benefits. Quick to slam every younger person.

It's all relative. Some babyboomers won't have done very well at all. Some young today will be doing much better.

Overall though, look at the article. Can anyone...ANYONE suggest any generation in the next 100 years is going to have it any better? And seriously suggest that?

(And please, don't bring iphones into the convo....we're talking money and avaliability of homes etc...bringing quality of life into the equation is a basic debate stopper...as every single generation has had it better than the previous in terms of technology).

Graham_Devon

dodozg wrote: »

A spoon fed generation, and I am only 42 lol

To be spoon fed, you have to have someone else holding the spoon.

I don't blame my son for eating all of his chocolate if I'm the one handing it all to him.

But it seems you would. I'd be innocent and it would be his fault for accepting the chocolate. Such extremely poor arguments.

ruggedtoast

Graham_Devon wrote: »

Well it's a shame to have seen this thread go this way.

Babyboomer generation now calling other morons? Same people telling others to grow up and they too may then be classed as an adult?

Not going to add my own thoughts, there is no point, as it's pretty clear this particular forum is mostly made up of those babyboomer generations.

But if I hear "We had 15% interest rates" and then pop onto another thread and see "debt is great, in the 70's, inflation paid of our mortgages" one more time....I'll. Well, I dunno what I'll do. No point in hightlighting it, as I'm likely to be told to grow up, get back to work and stop whinging. So I spose it's best to say nothing at all.

No one can blame the babyboomers...apart from those who really took the pee. Many were just in the right place at the right time. As the article says, an amazing run of luck falling into place. But honestly, with this thread, you'd think the boomers were the teenagers whinging and throwing insults, and the younger generation the boomers.

The true colours of The Boomer will always come to the fore before long Graham. They are hopelessly confused in their arguments and contradict one another repeatedly.

The only recurring theme running through their protestations is that they absolutely aren't responsible for anything, at all, and younger generations should shut up and get back to work so that we can keep funding through taxation and price inflation their comfortable lifestyles as they move into retirement; lifestyles which will be denied to most of us when we retire.

Its a sad day but its what I suspected when I created this thread. I just needed to give them enough rope to hang themselves with.

My work is done.

Graham_Devon

If that was the aim of the thread, then job done.

Pimperne1

ruggedtoast wrote: »

The true colours of The Boomer will always come to the fore before long Graham. They are hopelessly confused in their arguments and contradict one another repeatedly.

The only recurring theme running through their protestations is that they absolutely aren't responsible for anything, at all, and younger generations should shut up and get back to work so that we can keep funding through taxation and price inflation their comfortable lifestyles as they move into retirement; lifestyles which will be denied to most of us when we retire.

Its a sad day but its what I suspected when I created this thread. I just needed to give them enough rope to hang themselves with.

My work is done.

Very clever of you. :beer:

Going4TheDream

ILW wrote: »

Some benefited from high inflation, others suffered high interest rates. I think the term boomer covers period of around 30 odd years and some had it better than others. Just like it has always been. Some get lucky, some don't.
But no good getting all bitter and twisted just because you were not one of the lucky ones. That's life.

Generally accepted as being from end of war 1945 to end of 1964 I believe

Going4TheDream

ruggedtoast wrote: »

The true colours of The Boomer will always come to the fore before long Graham. They are hopelessly confused in their arguments and contradict one another repeatedly.

The only recurring theme running through their protestations is that they absolutely aren't responsible for anything, at all, and younger generations should shut up and get back to work so that we can keep funding through taxation and price inflation their comfortable lifestyles as they move into retirement; lifestyles which will be denied to most of us when we retire.

Its a sad day but its what I suspected when I created this thread. I just needed to give them enough rope to hang themselves with.

My work is done.

Really...........:rotfl::rotfl::rotfl::rotfl: