Ah Today's babyboomer, still finding ways to screw the next generation..

[connieb]

Meet Ms.Wells, your average elitist consumer babyboomer. Who is broke.... like many.. who have lived beyond their means for decades, have little to nothing saved to cover their future needs and will likely die broke, and dependent on someone after having lived it up for 80 years.....

The sad thing, Ms. Wells, NOT alone.... not at all. I see it every day. People who make over 500K a year, who earn less in interest and dividends than people who make a quarter or less of what they make. People who trade up in homes in their early sixties - taking out a big mortgage convinced they have earned living the "good life which entails a house on the water, or a second home, or whatever...
These people who will drag down our economy and are dragging it down.... of course they are the same people who inflated it with easy credit, taught their kids how to create a bunch of debt, and live beyond their means.. something I am seeing my friends try to dig themselves out of.

 

[PhilFish]

Meet Ms.Wells, your average elitist consumer babyboomer. Who is broke.... like many.. who have lived beyond their means for decades, have little to nothing saved to cover their future needs and will likely die broke, and dependent on someone after having lived it up for 80 years.....

The sad thing, Ms. Wells, NOT alone.... not at all. I see it every day. People who make over 500K a year, who earn less in interest and dividends than people who make a quarter or less of what they make. People who trade up in homes in their early sixties - taking out a big mortgage convinced they have earned living the "good life which entails a house on the water, or a second home, or whatever...
These people who will drag down our economy and are dragging it down.... of course they are the same people who inflated it with easy credit, taught their kids how to create a bunch of debt, and live beyond their means.. something I am seeing my friends try to dig themselves out of.

We're a debtor nation.. what, surprised?

 

[connieb]

We're a debtor nation.. what, surprised?

No, sadly.... the debt this generation has foisted on us, hangs like an albatross around our neck.

 

[Deleted member 21794]

Meet Ms.Wells, your average elitist consumer babyboomer. Who is broke.... like many.. who have lived beyond their means for decades, have little to nothing saved to cover their future needs and will likely die broke, and dependent on someone after having lived it up for 80 years.....

The sad thing, Ms. Wells, NOT alone.... not at all. I see it every day. People who make over 500K a year, who earn less in interest and dividends than people who make a quarter or less of what they make. People who trade up in homes in their early sixties - taking out a big mortgage convinced they have earned living the "good life which entails a house on the water, or a second home, or whatever...
These people who will drag down our economy and are dragging it down.... of course they are the same people who inflated it with easy credit, taught their kids how to create a bunch of debt, and live beyond their means.. something I am seeing my friends try to dig themselves out of.

I don't get it. I'm in my 50s and looking to DOWNSIZE. I don't want big property tax and utility bills for space I don't use. I could easily go 20% smaller, probably more than that.

 

[SouthernBoyI]

Meet Ms.Wells, your average elitist consumer babyboomer. Who is broke.... like many.. who have lived beyond their means for decades, have little to nothing saved to cover their future needs and will likely die broke, and dependent on someone after having lived it up for 80 years.....

The sad thing, Ms. Wells, NOT alone.... not at all. I see it every day. People who make over 500K a year, who earn less in interest and dividends than people who make a quarter or less of what they make. People who trade up in homes in their early sixties - taking out a big mortgage convinced they have earned living the "good life which entails a house on the water, or a second home, or whatever...
These people who will drag down our economy and are dragging it down.... of course they are the same people who inflated it with easy credit, taught their kids how to create a bunch of debt, and live beyond their means.. something I am seeing my friends try to dig themselves out of.

Unfortunately you are correct.
Thank God for my parents guidance .
Wife and I planned and worked for retirement and it paid off.
No plan and high living gets you in the end or someone else paying your bills.

SB

 

[Dawg]

No, sadly.... the debt this generation has foisted on us, hangs like an albatross around our neck.

only one problem, at 80 she is not a 'babyboomer'
72 IMO is cut-off age for BB's since BB's were born after 1945

 

[Mr. Friscus]

I don't get it. I'm in my 50s and looking to DOWNSIZE. I don't want big property tax and utility bills for space I don't use. I could easily go 20% smaller, probably more than that.

Entitlement... mixed with arrogance