Disclaimer: These are obviously over generalizations and don't match all individuals.
Because it's not the age people are against, it's the generation. The boomer generation had some of the most prosperous years in American history and wasted them. The general idea is you're supposed to make the world a better place for the people that come next, and they did the opposite. They cut social systems, defunded education, let public transportation die, outsourced everything, and lined their pockets with investments in oil that are killing the planet.
I won't blame someone for being old, but I will judge them by what they did and supported during their life. And as a whole, the boomers have a lot to answer for.
AFAIK it literally wasn't. It was meant to be "one leg" of a "three-legged stool". One leg was Social Securty, one leg was company pensions, and the third leg was personal retirement savings.
Or more accurately, social security should be a proper national pension plan. Fund it by increasing contribution rates and uncapping contributions.
I stick with my underpaid government job solely for my state pension. At 55, I can start to get 70% of my final salary guaranteed, with annual COLA adjustments. I may not be rich in retirement, but I can get by.
401k works fine if you actually use it. A big problem is people didn't contribute, where pensions generally had mandatory contributions. Also letting people borrow on them was a bad idea.
And borrowing on them is just a bad idea. At least in the case of my 401k, there's no early payoff, you don't make interest off it while it's borrowed, it really can hurt in the long term unless the loan amount is very small.
I looked out of curiosity because I want to buy a house somewhere in the next 5 years, and immediately ruled out any consideration of borrowing off 401k.
Anyone here who comments about how they deserved this fate or how they got what was coming to them needs to grow the fuck up.
There are very, very few people in this world who have done something bad enough to have this kind of condition even be remotely justified. They're gonna either be on the streets or in basic Medicaid nursing homes for the rest of their lives. Many will get beaten and robbed. Many will probably just commit suicide to avoid the nightmarish conditions. And people here are celebrating this?!
Newsflash, the baby boomer generation are also people who also deserve to have someone give a shit about them. You people are sick.
In any case, it's going to overwhelmingly not be reaganites who are going homeless. If someone spent decades shilling for austerity and had it bite them in the ass, that's one thing, but this is the economic bottom dropping out, so it's mostly not those people.
So, the kids won't let you move in, you're running out of options, and you're here on lemmy telling us how sick we are (after how many years of boomers telling millienials we are the problem) because you're about to be homeless?
Do you not think that the vitriol against boomers is just another example of getting different groups of people to hate each other so they're distracted from the real issues?
If it's not immigrants and minorities, why not get different generations at each others throats. Seems to be working.
Ugh, I just knew what this gross comments section was gonna look like.
Look, whatever perceived collective guilt an entire cohort of humanity has in your view, it's really disgusting to celebrate and gloat over a report about the elderly becoming homeless.
When subsequent generations decide they have the right to dance on our graves for whatever it is they decide we did, I hope your ghosts aren't too whiny about it.
Even those that tried their best to avoid causing problems and/or /revert the effects? You’re blaming the entirety for the crimes of the minority. This is dumb.
The article doesn't say, but I'm assuming the demographics of these newly homeless boomers is not predominantly white male. I still say boomer remover tho so i'm not exactly above generational warfare, it's just the worst boomers get hurt the least from poverty
I think you make a valid point, unlike the federated smuglord that you replied to. This is mostly going to hurt people that least deserved it, as is often the case. Yeah, I know one or two boomer chuds that will likely get hit by that, but that's not worth it overall.
The material conditions and sociopolitical norms for a large demographic group of people were such that the majority of them actively and deliberately destroyed social safety nets and privatized everything they could in the hopes of making a quick buck and sticking it to the (slurs), and you're only upset that some people fucked over by that group are feeling schadenfreude about that group now experiencing what they had been dishing out.
Bruh they were and still are brainwashed by so much anticommunist propaganda. They had to survive in those material conditions, and if they made it they had to buy into the lie of American Exceptionalism for their prosperity and not the Dollar becoming the worlds reserve currency and propping up European Social Democracy, Dictators, and Kings. They reaped benefits they were actively being kept in the dark about, if they are waking up cause piss is tricking down their face, i will still celebrate them waking up. We need all the people we can to wake up and realize how the elite have stolen from the working class and are only taking more and more as we continue to kill our planet to give them more wealth...
Cognitive dissonance is really strong if you have to question the way you were living your whole life when questioning the current situation. This makes those people far more likely to be easy prey for far-right propaganda than to be waking up, I'm afraid.
Don't worry, as the saying goes "pull yourself up by the dick", and maybe they will gain enough wealth to become expats and gain more in foreign wealth and sex on Southeast and East Asia..., /s (Edited for clarification)