LOL, pension. They stopped providing pensions to new employees back in 2012. Millennials are getting the short end of the stick. Currently the baby boomers have left us with a crippling economic system (and that being the housing market) that can't sustain itself and will leave us with the debt while they happily retire with a lot of money and we can barely afford a crap shack.
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I'm 40 and when I was born the gross debt-to-GDP ratio was about 35 percent. It’s roughly 103 percent now — and it keeps rising.
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The boomers inherited a rich, dynamic country and have gradually bankrupted it.
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Boomers habitually cut their own taxes and borrow money without any concern for future burdens.
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Boomers spent virtually all our money and assets on themselves and in the process have left a financial disaster for their children.
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The American Society of Civil Engineers thinks there’s something like a $4 trillion deficit in infrastructure in deferred maintenance
I’ve always seen the boomers as a generational trust-fund baby: They inherited a country they had no part in building, failed to appreciate it, and seized on all the benefits while leaving nothing behind. The irony is that boomers criticize millennials for being snowflakes, for being too driven by feelings. But the boomers are the first big feelings generation. They’re highly motivated by feelings and not persuaded by facts. And you can see this in their policies.
Take this whole fantasy about trickle-down economics. Maybe it was worth a shot, but it doesn’t work. We know it doesn’t work. The evidence is overwhelming. The experiment is over. And yet they’re still clinging to this dogma, and indeed the latest tax bill is the latest example of that.