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And hoarding billionaires ruin everything for everyone. Class warfare, not generation.
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%.
I have to agree.
And actually, the pattern they talk about in the article happens in every generation, anyways. People's values seem to change as they get older. But I think they don't really change.
I think if you look into the issue, you'll find that a lot of people don't really have political beliefs. They just have selfishness and greed.
When they're young and poor, it manifests as left leaning because they want the government to give them money, and after they've accumulated whatever money they can, it manifests as right leaning because they still want the government to give them money.
It’s not even generational. People with little money want money, people with more money want to keep it. There’s dirt poor boomers and greedy yuppies.
As other have said, it’s about socioeconomic classes, not age. Age is the distraction.
In fact, when a problem is presented as a us-vs-them dichotomy, it’s almost sure it’s oversimplified, and probably dishonest.
IDK, as I've become older and wealthier, I've only become more and more liberal.
Agreed - and have been donating a lot more because I’m fortunate enough to be able to.
I blame the billionaires, but I despise the bootlickers who somehow think the billionaires got there fair, and square through hard work and that we're all just jealous. It's infuriating. I don't hate successful people in the slightest. But multi-billionaires are parasites.