I know several people that were suppose to retire next year. Looks like they are gonna have to postpone 😂😂
They’ll be out of work next year, one way or another.
Oh the thing professionals all said would happen? That’s what they are stunned about? The very thing they were warned would happen if trump did the thing he said he would do.
Old people aren’t exactly “finger on the pulse” types
And they have been trained to hate government, science and experts.
The only one of those you should hate is the government.
Governments are comprised of people. Like any other people they should be judged on their actions. Blanket statements about distrusting governments and politicians no matter what they actually do is no different than distrusting science and experts. It’s all part of how we got here.
Well no. Actually we aren’t supposed to trust the government. That’s why we have (in theory) a system of checks and balances. The whole point is that we rely on them and hope they’ll do the right thing, but we need to be paying some attention some of the time, because they will occasionally get things wrong.
Well no. Actually we aren’t supposed to trust the government. That’s why we have (in theory) a system of checks and balances.
That’s a conflation of two separate things. The checks and balances are for the different branches of government against each other and not we the people against the government.
This idea that the population should have a general and perpetual distrust of their government no matter what is conspiracy theory logic.
We should base trust and distrust on evidence.
Not only that, governments are comprised of people who are paid a fixed salary with no bonuses or incentives and strict conflict of interest rules whose literal only job is to work to make people’s lives collectively better.
That’s how it should be. In the US, we need to outlaw insider trading for elected officials. This is a known issue, based on the evidence we have. There’s no reason to engage in any conspiracism at all.
Please stop the generation blaming/shaming. It’s a “divide and conquer tactic”. Also, please notice a LOT of the people at the protests are “old people”. We don’t sit behind keyboards blaming, we actually get out and DO something. And, finally, do some research and look up who voted for MAGA. ✌️☮️
Oh no, are the Boomers finally collectively suffering the consequences of their own collective actions?
What a shame.
Anyway, welcome to the ‘you can never retire or afford a house’ club along with all your children who’ve been begging you for the past 20 years to stop voting for policies and politicians who made this current situation inevitable.
This is not a good time to hate on Boomers.
https://www.thecivicscenter.org/blog/youth-voting-in-2024-election
White voters over age 65 supported Harris stronger than white voters 30-45. The most pro Trump group was white voters age 45-65.
… The boomers have majority supported Republicans … for the last 20 years.
Which I specifically mentioned.
Your own source shows:
50-64 at a 56 to 43 for Trump
65+ tied at 49 to 49Wonderful, great, a few of them finally realized that maybe now that they actually need Social Security and they want to actually draw from their 401ks… after majority supporting 401ks over unions+pensions for 20 years.
How typical. A few of them finally figured out maybe spending 20 years supporting corporate profligacy and then betting their retirements on the stock market … is bad, when the obvious problem with a stock market based retirement plan… actually looks like/is actually happening, to them, personally.
You are bringing race into this. I did not.
If you purely go by age alone, which is how you actually define a Boomer…
30-39 (16%) is 50 to 46, Harris.
40-49 (16%) is 48 to 50, Trump.
They are neatly both 16% of the total sample, so…
30-49 is 49 to 48, Harris.
Wonderful, younger Millenials to younger to mid GenX went for Harris by a point.
But I am not talking about them, I am talking about Boomers, over the last 20 years of their existence.
A tiny bit of the older ones shifted course after it was too late to undo what their disproportionately large, wealthy, and influential generational cohort has supported for 20 years.
I guess ‘they’ll be sorry/regret their decisions when they’re older’, another common boomerism often directed toward anyone younger than them that makes a life choice or holds a worldview they disagree with.
This is a perfect time to laugh at Boomers collectively.
They got what they said they wanted, and only now, after its all too late, did they almost, but not quite, flip over to ‘this is not what i wanted.’
If this isn’t clear, obviously not all boomers individually deserve this scorn, but uh, collectively… they do.
What do you mean “collectively”
Would you accept responsibility for somebody else’s actions because they were born within the same arbitrary block of years as you?
I mean collectively by collectively.
Different groups with different specific membership criteria, different descriptive attributes… often, in general, tend to behave differently.
Try writing a history book involving dynamics and differences between groups that doesn’t involve this. Or a medical study. Or a psychological study.
Statistics is the art of going from an unfounded stereotype or complete guess to an actually valid characterization of specified groups according to descriptive parameters.
Of course… these are general descriptors of a group, and do not accurately and perfectly describe every member of a group.
No, I wouldn’t personally accept responsibility for something a bunch of people my age did… but I would accept that it would be reasonable for other people who didn’t know me personally but just knew my age group to make certain reasonable assumptions about me that are actually borne out my the data.
Of course, one should always just have that as a kind of background knowledge and not judge every single book you meet by its cover, you should read the contents of their character if you want to really know them.
But at the same time, that is very time consuming to do with… literally everyone, so it is useful to have basic guidelines for what to expect from certain kinds of people, but not actually judge them or act toward them in a prejudiced way untill they specifically, individually confirm or disconfirm their sameness or difference from your preconceived notion.
Like uh… I am a millenial, and I know it is statistically valid for me to assume myself and other millenials have actual, comprehensive computer troubleshooting skills than boomers or zoomers.
I know a boomer is more likely to be a big Led Zeppelin fan, and a zoomer is more likely to be a fan of whateve is on Lo-fi girl… and I know that millenials are more likely to still be using the term ‘doggo’ and ‘chonker’ unironically, as well as think that the dialogue in the Borderlands games is cool.
Do I use doggo and chonker? Yeah, you got me, I still do sometimes.
Do I think Borderlands style, ‘Millenial writing’ is good? Fuck no, I hate that shit, bounced off those games half for the bullet spongy gameplay I just didn’t like (Im much more of a realism/tac shooter/milsim kinda guy when it comes to gunplay) and half for the character writing that I found to be just fucking awful, rude, crass, annoying, self-important, cringe inducing.
I did like the art style though.
But anyway: I would not be surprised if someone just knew my age, that I like video games and am a dork, didn’t know me beyond that, and then kinda assumed I was into Borderlands for the writing. I would be miffed if they were 100% convinced of this and acted as if it was true without ever actually asking me, but if they did ask, I wouldn’t be offended by the question.
I ain’t reading all that
Excellently stated. Thank you.
I just took a couple Ubers. They were driven by retirees as a way to make a little extra cash and get out of the house. Both of them said they would have to quit driving and get another “real” job again if the market continued to tank. This shit rolls downhill…gonna create a job crunch again. People not leaving jobs, no jobs for people entering the marketplace, and companies are going to start crushing labor’s wages and benefits again.
Maybe that IS the end goal. Get old people working so wages get fucked for everyone and the corporate overlords can increase their profit margins from a measly 99% to 99.9% or whatever
And what’s the end goal? What’s their plan for when those old people die in a fiery crash while driving Doordash? Nobody’s having kids anymore and immigration ain’t happening so who’s gonna take those jobs?
deleted by creator
If this doesn’t belong here, nothing does.
Doesn’t matter to them, the rich are isolated from any real repercussions of their behaviours. The older ones probably think they’ll be out of the game before things get worse anyway. Short term benefits for them are worth the long term issues for the rest of us, just as always.
Automation, once the population is too small to cover the jobs.
And who’s gonna buy this stuff when nobody has a job?
The true end game is for us poors to all die off and then there’s a lot less need for production, and fewer mouths to feed.
It’s all moving towards that.
Every day, I’m further grasping just how fucked we are :)
Where is the foresight? You knew you were voting for instability.
Oh well, should have raised your kids to be better people.
People at or near retirement age should have a 401k invested in more safe funds with a higher mix of bonds. Why would they have such a high proportion of stocks that a drop in the stock market would impact their spending habits?
They saw stocks rise over 1000% over 5 years (AI stocks) like everyone else and started dumping everything in it.
Yeah, exactly my thoughts. At retirement age, most or all your investments should be low risk.
So, y’all freaking out because boomers are losing money?
What?
Some millennials have 401ks
Gen X also exists.
Shhhh. Don’t drag us into this
Got what they voted for, didn’t like it? I’m shocked.
You think all the people with 401(k)s voted for Trump? I’m curious as to what leads you to that conclusion?
The elderly vote mostly conservative. This is a known fact.
From what I’ve read, 65+ was about evenly split Harris-Trump in 2024. 40-64 broke decidedly Trump. If the markets (and 401ks) manage to bounce back by the time the 40-64 cohort largely enters retirement, I fully expect they will have learned absolutely nothing.
I’m not convinced we will have the market in 20 years.
Lol, I rolled my 401k to an IRA as part of a actively managed fidelity fund right after Trump got inaugurated. If I hadn’t I would be down about 150k, instead I’m up 35k already, and that was after cashing out just below all time high.
That said,I decided to ride it out in my fuck around E-Trade account. I went from being up 25k on jan 1st to being down 9k today.
Trump’s ‘plan’ is to crash the market so that people with large reserves of cash can buy at all time low. Then he’ll back pedal his bullshit and things will go up, so they’ll sell. It’s not going to go back up to what it was before his watch, at least not with him around. People who don’t have the cash reserves/appetite to buy in a recession will get fucked, and that’s most people in the country
I really don’t think this is part of some grander plan. I think he really thinks blanket tariffs are a good idea.
Tariff man is an idiot.
He’s doing it because that’s one of the few things he can do without judges and Congress getting in his way. He expects other leaders to offer him deals (i.e. bribes) now. He doesn’t care about average American. It’s all about how HE can make some extra $.
Yeah but you can’t just say “ok the plan worked, tariffs are off now” and expect the rest of the world to be chill about that. It’s too late to backpedal.
If the rest of the world turns on the US then that’s also a win because Krasnov is a Russian asset and part of why Russia and China worked so hard to get him elected was to destabilize the US and remove them as the world leader so China can step in
That’s the best part. The baby boomers created this shit and now they can’t retire. Good for them!
So, all of boomers created this?
More or less.
“I don’t want to have to worry that everyone is constantly changing my financial reality,” said Alison Carey, 64, of Oregon, a freelancer in the theater industry. “Let the economy do its machinations, but don’t put me in the gears.”
Sorry you had to learn it this way, Alison, but “the economy” has always been grinding people up in its gears. The main difference is, that it is now reaching you, personally.
I love how people seem to think that “the economy” or “politics” is the same type of thing as sports— a recreational activity with no actual bearing on anything that other people pay attention to as a diversion. It explains so much about how we ended up here.
“Swarms of leopards unleashed upon zoo-goers who voted for Leopard Looser to run the zoo, millions of zoo-goers stunned, in disbelief, mauled.”
I gotta assume a theater freelancer in Oregon probably didn’t vote for him
I was thinking the same, but…people surprise you. I know some lesbians that moved out of one (red) state into Colorado because of how they didn’t feel quite safe there…but then voted for donvict, because “Republican do conomy good” type of reasons, from what I can discern.
Holy fuck.
Republican do conomy good
I cannot understand how this lie persists to this day. Republicans have trashed the economy in every single administration they had for at least the last half century. I’m an adult with children and my lifetime has not seen a Republican that was good for the economy…
I think it has something to do with how the right lionizes business so much. I think they adore business because it has zero democracy; it’s basically a top-down structure, just like the authoritarian government they so crave.
Because they think government should be run like a business (another idea that is beyond stupid) and since they think only Republicans operate businesses, they seem to think this translates into “Republican in charge” = “good economy”.
History and facts don’t seem to enter into it, it’s all vibes with that bunch.
This is a holdover from Reagan, and the boom times through the 80s and into the 90s. Deregulation works… until everything implodes/explodes. Revenue was up alongside the tax cuts because of the huge gains across the board, it just wasn’t sustainable.
The economy is like an engine, you can squeeze massive horsepower out of it for a few races or regulate it to run for millions miles. There is a happy spot that produces the highest output with acceptable longevity, but since Reagan the Republican strategy has been to crank it to the max.
The Democrats also continued the deregulation and government has abdicated it’s duty to enforce anti-trust laws, protect the commons, and ensure level playing fields. Add to that the lag time between government action and results, and you have the “Republicans do economy good”.
We have been a runaway diesel for decades, and the engine is close to detonation.
Except it was a lie EVEN DURING REAGAN’S term. He had to raise taxes multiple times to cover his own tax cuts. Guess who he raised them on? Everyone but the rich, who got to keep their cuts.
Yup. The leopards are out and about eating every face they can find.
The stupid thing about all this is that everything that is happening right now was on full display for the entirety of 2024 up to the election. They said they would crash the economy, round up their list of “undesirables,” destroy much of the inner workings of the federal government, etc, and half this country cheered it on, only to be [shocked Pikachu] when they actually followed through. Like, welcome to reality, actions have consequences. Don’t get me wrong, I am no fan of the Democrats and how they operate, and that we are in need of serious overhaul in how we operate as a country, but this is about the most wrong way to go about it possible. A Harris win would’ve kept the status quo, possibly in perpetuity, but I’d rather that at this juncture than whatever the fuck is going on right now.
Yes, what is happening right now is very dangerous. If things get bad enough economically speaking, the demagogues will point the angriest set of magoffs at the other half of the country and grant them the “right” to do their worst.
People keep acting like things under Biden were awful and that the Democrats/Kamala/Biden were just being monsters to say the economy was actually tracking on a very good course. Sure, many people I’m sure were miserable as economic inequality has not been getting better. But again - the adults in the room know full fucking well things could get much, much worse, especially in the hands of the clueless and the party without any empathy whatsoever.
However, I don’t think some have any idea just how much worse it could get. Many people are too young or have forgotten how miserable the 70s were, apparently. And people seem to not have learned about violence in the 60s.
And if people think they were mad about bullshit made-up nonsense like “Bidenflation”, just fucking wait and see how angry they get over the kind of pain that donvict seems determined to inflict on everyone…if enough people are starving and are told by the likes of Faux that it’s the fault of “DEI” or the trans or the liberals or Biden…enough will believe that to make things get very dangerous very quickly.
Oregon is more than the west coast. It’s only recently that the state isn’t literally, legally, run by the KKK.
Theater freelancer is also doing a lot of heavy lifting there, tbf
a freelancer in the theater industry.
I wonder what that means. I’m not in the creative industry, but that sounds like that could be barely-subsistence type of money or something in the stratosphere… ?
“I don’t want to have to worry that everyone is constantly changing my financial reality,”
Welcome to my entire adult life, Alison
The main difference is, that it is now reaching you, personally.
Ah, republicans and not giving a shit until it hurts them, name a more iconic duo.
This isn’t fair! I was gambling with those other people’s lives!
Turns out woke wasn’t so bad, huh
I can only have an opinion when Fox News informs me of the new outrageous fad for this week.
