The boomer generation hit the economic jackpot. Young people will inherit their massive debts

A lot of the unconditional entitlements were because the previous generation – the boomers’ parents had a lot more in common with the younger generations in many cases.

I know for example my grandparents were significantly worse off than my parents, who were born in the late 50s. A much higher % of that generation here at least really did rely on state assistance for a lot of things.

I find though when we think of old age pensioners, we are usually thinking of people born in the 1920s. The Grandpa Simpson generation. Even in terms of how they’re often catered to by carers and hospitals seems all pitched towards a much older era.

It’s not as extreme as US boomers, but it’s mostly about property ownership vs having rented and never been able to get on the property ladder.

Most of that era also saw huge inflation, which meant their assets (houses) hugely increased in value while their debts (mortgages) shrank to nothing. If you take my parents, they bought houses that cost £20,000 in the early 80s and were selling them for £100,000 by the 90s and €400,000+ by the 2000s. Their original mortgage melted away to being meaningless, and the asset value went way up.

Their parents often saw the opposite side of inflation, losing wealth because it was the era before mortgages were common and many of them rented and had far more precarious housing and many also got huge assistance from very generous social housing programmes in the 30s-60. A lot of that housing is now quite gentrified and expensive and an older generation got it extremely cheaply during the era when council and other forms of social housing was sold to the sitting tenants at low rates.

In comparison my generation is just milked dry by greedy investors and a system that seems to be designed to be stacked against them. We are someone else’s pension effectively.

I also don’t think there’s much solidarity anymore. A lot of that era seems to resent younger people and see them as problematic. They pull the ladder up. Some of them lecture about laziness and how if they could do it in what they perceive as a tougher era, then why can’t younger ppl. They object to housing, block planning permissions because they don’t like being encroached upon and generally seem just rather self centred. It’s quite the opposite of their own parents era who were often far more selfless and worked damn hard in very difficult times.

Another stupid article, baseless and biased, to create divisions among generations, and of course targeting a group that usually doesn’t use, or can’t use social media to defend themselves.

What a great time they had facing a war, the aftermath of that war, a cold war, around 10 crisis of many types, high unemployment in many times, and UK’s case… wasn’t there a WWII debt that only was paid in 2008? Wasn’t there a Thatcher government that applied tough measures to the ordinary people, while giving all kinds of freebees to the rich? Isn’t this documented?

Before eating this bullcrap by the spoon, get the facts straight.

The instant I read “BoOmEr” I know that another murican propaganda is coming.

In 10 years, think the EU is going to be in a world of hurt and they’re living in denial now.

So it’ll be worse than predicted since they don’t want to make course changes.