LadyButterfly she/herBetter than I expected tbf
š“šššHey look! We get off the internet and hang out again. And there is pole dancing!
SanctimoniousApeNot the kind of āDirty Dancingā I was hoping for.
Yeah, well those same parents are also partially responsible for making that future come to be.
Itās not boomers vs. millenials, itās billionaires vs. commoners/workers/have-nots.
Itās that Boomers have participated in, and been behind the wheel, of most of the stupid, enabling moments of the 20th century. They built this world and got pissed when inequality they built to lock up money for themselves wasnāt sustainable.
Then they blame everyone else because they have no self-reflection due to lead levels in their blood causing cognitive impairment and aggressive behavior. My favorite was a meme all over facebook saying āBack in my day we didnāt have plastic soda bottlesā¦ā Yeah, who TF changed it, genius? YOU ALL. Sure wasnāt me running all that stuff when I was 6 years old.
halcyoncmdrSure wasnāt me running all that stuff when I was 6 years old.
Yeah we didnāt go to the trophy companies at 6 years old and demand they start making participation trophies, Deborah. Our generation didnāt start that shit.
Again, you are conflating age for wealth. They got you good with the generational strife propaganda, so you donāt focus on the actual class war problem.
Most of Boomers did said such thing. You are confused as the people you are screeching about.
Trump isnāt just popular with boomers. Plenty of younger people are MAGAs, or just donāt vote.
The point of debate here was that Trump is popular with boomers, very much so.
That doesnāt actually matter if heās popular with every other age group, too.
Boomers support right wing extremism and Trump, pretty simple.
Not at all. Owning a home and a car didnāt used to equate āwealthā in the 60ās. But the middle class and lower middle class certainly perpetuated things like Red Lining and segregating communities. Sure, they got fucked by the Vietnam war, but they also got a Constitutional Amendment to vote starting at age 18 in 1971 and elected fucking Nixon in 1972! Boomers were the fuel for the socio-economic disaster of the 1980s.They invented āgreed is good.ā They gave up on the dreams of the Hippie movement and sold out.
FeydaikinItās also all the other generations who are also MAGA or just donāt vote.
My friend, there is no political side on earth that isnāt guilty when it comes to the sad state the globe is in.
And very few individuals that havenāt indulged in the sin of convenience that keeps the spiral going downward.
Feydaikin with the āboth sidesā take
Yup, when it comes to fucking over the environment, pointing fingers only shows your own lack of accountability.
Did the industry stop pumping out useless junk when the Democrats held office? No. Nothing changed on that front.
And thereās no difference between Republican and Democrat blaming each other for shit you all do.
Boomers have supported, and voted for the status quo and these billionaires for decades upon decades at this point. And are still supporting the dictator Trump. So yeah your take is bullshit.
Younger generations arenāt much better. Look at the age distribution of Trump voters: navigatorresearch.org/2024-post-election-survey-gā¦ (IDK if this is a good source, feel free to provide one that contradicts it if you find one. But itās consistent with pretty much every poll Iāve seen on this topic, even in other western countries). The gender split is a lot more pronounced than any generational split.
And boomers still overwhelming support Trump.
Source? That certainly isnāt supported by the post election survey I linked.
explodicle90% of my millennial friends have been voting for the status quo for decades too. Weāll see how progressive they are once theyāre the most conservative ones in the room, and they arenāt oh so painfully forced to vote for the status quo.
This oversimplified dichotomy is asinine. No group of people are some monolithic Borg mind. These types of tribalism are toxic useless. Russians would call it convenient idiots. It is tribalistic dogma revealing poor fundamental logic skills typical for a culture derived from the inbred Puritan penal colony European rejects.
Itās because America uses āfirst past the postā voting. Look it up. If you immediately realize that no honest intelligent person would support that, youād be right.
Weāll see how progressive they are once theyāre the most conservative ones in the room
Ah yes the popular myth of becoming more conservative as you get older. It used to be true because you would get a job, have a family, and retire. Suddenly your biggest concern became lower taxes so you could spend that money elsewhere. Rest of the country be damned.
Except now significantly less people are doing those things because they have a lot less money than their parents did.
All growing old has done is made me way more left. I can see and understand so much more about how the world is fucked up.
Me too. Iām saying that theyāre currently being dishonest about supporting progressive values, not that theyāll change.
You know how much I heard this myth? Yall still parroting the same bullshit that you get more conservative as you get older, what a fucking joke.
Please see other reply
supercargoMake you you put some money aside for the future.
The money:
Yeah, Burning Man ticket prices are fricken huge
Look at those ridiculously large pickup trucks and SUVs - theyāre already used as weapons! Thereās been an uptick of people intentionally driving into crowds, amok-style, in recent years, too.
Look at those ridiculously large pickup trucks and SUVs
Iām pretty sure thatās just in America.
SUVs are international and american pickup trucks are becoming more common in Europe, too.
Youād think that, but people are driving these abominations around anyway. Fucking plague.
I live in Europe, you clown.
And youāre seeing SUVās and big trucks everywhere?!
Well, now Iām kinda curious as to where exactly you live.
Germany, outskirts of a mid-sized city. SUVs are probably the most popular category for new cars here, and Iāve seen stuff like the Dodge Ram sometimes.
Fair enough. Germany is one of the few places in Europe that can somewhat accommodate American sized cars.
Guess it comes with the territory of having a major car industry.
Iāve seen quite a few European countries. Mountain villages with roads so tight that you can barely drive two scooters side-by-side arenāt actually that common, you can drive SUVs in most places. It just makes you look like a complete asshole.
Back when i had jobs that had 401k plans, all the calculators said i needed over $1 million to retire at age 70. Meanwhile i was living paycheck to paycheck trying to put something in there. How tf am i supposed to squirrel away 7 figures when i have mever made $40,000 in a year?
And thatās just oneās savings without kids.
Honestly having kids, and returning to multi-generational homes might be the only way one is retiring these days.
Good luck on that one.
My wife and I have no kids and live with family and weāre still dubious on retiring š¹šæ
(granted part of this is due to losing all our money*2 during covid when some local businesses shuttered)
My 26 year old son is still living with us, and we are all totally fine with it. Weāve been an extremely close family all along, and I consider him my best friend, and Iām sure he would say the same thing.
OTOH, I couldnāt wait to get out of my parents house. I could deal with it over summer breaks, but as soon as I moved back in after college, it was clear they still considered me a high schooler, and imposed a 10 pm curfew during the week, and an 11pm curfew on the weekends (so understanding). I didnāt say No to that, I just ignored it, like any adult would. Imposing a curfew? Please.
Then they called me one Sunday morning and woke me up at my girlfriendās place, and demanded I return home and explain myself (āWhat do you want me to say? I got laid, like an actual grown adult, which I amā).
Got with a buddy, pooled our minimum wages, and got an apartment together. Back then, rent was $300, so it was possible. Even with a friend, I doubt my son could get the money together to get an apartment today. His student loans are going to eat too much of his income for a significant portion of his life. He certainly couldnāt do it on minimum wage.
Heās welcome to stay as long as he wants.
UnderpantsWeevilHow tf am i supposed to squirrel away 7 figures when i have mever made $40,000 in a year?
Compound investment is supposed to do a lot of the heavy lifting. At a 7% rate of return, your money doubles every 10 years. So, assuming you set aside $6k of that $40k/year ($500/mo), starting at age 22, youād have $1M at age 60 and $2.2M at age 70
www.bankrate.com/ā¦/save-a-million-calculator/
But hereās the trickā¦ Youāre looking down the barrel of 40 years of inflation. So, if youāre earning $40k in year one (letās say, the year 2000) and youāve been on the job for 25 years without getting a raise, inflation has reduced the real value of that income by roughly one half.
On the flip side, letās assume youāre keeping up with inflation (and that $500 youāre setting aside is increasing at the same rate). Then the math gets more complicated and I canāt help you anymore. But the point is you get to $1M sooner, simply because $1M in 2060 is worth a lot less than $1M in 2000.
Had a broker explain that - at my current rate of savings - Iād be looking at a $4M retirement account by age 62. But then he dumped some ice water over my head when he noted āThatās only going to be worth around $1.1M in modern dollars by thenā. Suggested I actually up my savings, because $1M only really feels like a lot until you try to live on it for the rest of your life.
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I am lucky if i have $300 in my bank account after all my expenses each month, and i live in a cheap town working a 9-5 job. I have no health insurance and have had to cash out multiple 401kās to cover emergency expenses in the past 4 years. Saving for the future is an absolute joke since i canāt even afford to live today.
Yeah, that fucking sucks. In theory, thereās a tax benefit to retirement savings. But in practice, it only matters to people with giant incomes to take advantage of the percentage tax discounts.
I guess the other retirement option is just say fuck it and start doing crimes. Clearly, thatās now the fast track to prosperity. Find some guy with a loaded bitcoin wallet and torture him in a basement.
RememberTheApollo_Thatās why we need to have a conversation about taxing millionaires when everyone yells ātax the rich!ā
A million may be more than what a lot of people have, but itās probably not even a number people can even retire with considering taxes and inflation. Two to 3 million might be a start, 4 million would be ok today, but when people retire in 10, 20, 30+ years from now? Who knows what that will be worth.
People might say they could live on less, but doing things is expensive.
Doing things is expensive because people with million dollar a year incomes make it expensive. Thatās where the million/year comes from.
Where did I say anyone is making a million a year? What does a million a year have to do with a lifetime of saving, ROI, and compound interest for a normal person? If youāre making a mil a year retirement shouldnāt be a problem. Or are you just saying people should take up knitting in your version of retirement and constantly worry about money or a surprise expenditure?
Or are you just saying people should take up knitting
Man, donāt even get me started on the fast fashion industry. Weāre killing the planet so that we can turn raw cotton into landfill waste on the backs of East Asian slave labor.
If we could end that by telling Jeff Bezos and Chip Wilson to take up knitting? Yes, absolutely.
Save the planet. Shut down Temu and lock Colin Huang in an oubliete until he darns everyone else a decent sweater.
I have no idea how you got any of that from what I said.
I have no idea why you jumped to it from millionaires needing to be taxed more.
But if you think knitting as a profession is some kind of joke, why would you defend people from taxation when they were profiteering off the textile work of others?
Quit with the avocado toast and Starbucks. According to Sociopathic Oligarchs, that seems to have been a bigger factor in their wealth than their multi-generational inheritance.