You’ll note they always use “average”(mean) rather than median savings/assets to mask that it’s really a small portion of boomers that are living the easy life. Still better off as a whole than later gens but to your point, no warfare but class warfare. I read a recent book , “work, retire, repeat” looking at the life crisis that has been built with insecurity and poverty driving most people, regardless of age to work too much and work until they die. Your point is the best one; billionaires and their lobbyists and owned politicians are the real problem.
There are many boomers with nothing, who did not have or get a pension, who didn’t or couldn’t accumulate wealth through housing, who may not have gone to college because (and the article leaves this out) they didn’t even need a degree to move up. The book mentioned above calls out that only 8% of people working past 62 are doing it because they really want to be and have a job they enjoy. Many are still working for healthcare, to service debt, concerns of future unknown/instability/inflation, social security being threatened, and also it notes they many keep working because they have kids or other dependents they see struggling in a tougher world and want to help/ensure they aren’t another burden.
I’m not a boomer or discounting the relative advantages they had, but it’s the concentration of wealth to the owner class/.5% that are by far the issue not an age group.
You’ll note they always use “average”(mean) rather than median savings/assets to mask that it’s really a small portion of boomers that are living the easy life. Still better off as a whole than later gens but to your point, no warfare but class warfare. I read a recent book , “work, retire, repeat” looking at the life crisis that has been built with insecurity and poverty driving most people, regardless of age to work too much and work until they die. Your point is the best one; billionaires and their lobbyists and owned politicians are the real problem.
There are many boomers with nothing, who did not have or get a pension, who didn’t or couldn’t accumulate wealth through housing, who may not have gone to college because (and the article leaves this out) they didn’t even need a degree to move up. The book mentioned above calls out that only 8% of people working past 62 are doing it because they really want to be and have a job they enjoy. Many are still working for healthcare, to service debt, concerns of future unknown/instability/inflation, social security being threatened, and also it notes they many keep working because they have kids or other dependents they see struggling in a tougher world and want to help/ensure they aren’t another burden.
I’m not a boomer or discounting the relative advantages they had, but it’s the concentration of wealth to the owner class/.5% that are by far the issue not an age group.
The statistics these days should be split. One for the top 10% and one for the bottom 90%.