Imagine you're a Millennial or Gen Z male. The majority of women in your age-group think marriage is outdated. Home-ownership, the primary investment and source of wealth-generation for the American middle class, is out of reach. You're told Social Security and Medicare/Medicade will not be available to take care of you in your retirement. What would your attitude or outlook be?
It’s simple, older folks will never pay the same in taxes and enjoy way more benefits then the younger folks. It’s ridiculous. I will pay way more and receive way less. The fact that my generation never talks about this is so frustrating. We’re all so focused on social bullshit while the biggest economic issue of our time is growing.
@@walkerpublications4418 Are you joking?! We discuss that waaaay more than SS. God forbid we be allowed to highlight the parasitic nature of SS ever. Aparently we aren't allowed to recognize more than one or two major problems, ffs. And it's not just war, it's 'aid'. Fuck sending all our money to foreigners, for peace or for war.
This is a very necessary conversation. The burden on Millennials and Zoomers is beyond unfair. All of these issues, from insane cost of living, insane cost of housing, insane debt to absolutely ridiculous cost of childcare create a perfect storm. This is why many people are choosing to be childfree. Even in my country ( Botswana ) the Boomers hold the majority of the wealth and the younger generations are struggling to even have money to buy basic toiletry.
I've heard this quite a bit from my dad's siblings and friends- "The goal is that the last check bounces." I believe that The Boomer Generation is the first one who have no intention of leaving inheritance behind. There is a reason that they were initially called The Me Generation.
I tell my parents to spend all of their money. Id rather have them enjoy the last years of their lives than give me $50,000-$100,000 that is only gonna last me a few years. I would love to see pictures of my parents traveling, and buying toys
Lol… I thought it was just my family. My dad strait up told me when I was 18 you better do well in college and get a respectable job because there is no inheritance. (I’m 34) Btw, he worked for Shell oil for 42 years and made $250k plus manages an oil well with mineral rights that his father left him. He just said there is no extra money, retirement is very expensive. So idk 🤷🏽♀️ I accepted a long time ago the only one I can financially bet on is myself. And in this economy it’s HARD AF.
There's never been a more selfish and hypocritical generation than the boomers. I'm 36 years old, made the wrong choices for a long time but I made the effort to better myself. As a finish carpenter doing cabinetry and custom woodwork I manage a shop and make about 900 a week. That used to be a really decent income but I can never afford a home with how devalued the dollar is. The old people want to be taken care of after they've hoarded wealth, printed a bunch of money and started a bunch of endless wars and pulled the ladder up behind them.
U said it, they destroyed everything and pulled the fucking ladders up behind them. I have zero sympathy for their generation. And this geriatric fucking congress has GOT to go.
@@ElsieDee001 Nah, it's a lot less nuanced than the rise of the Nazis in Germany. The Boomer generation really just failed and degraded our civilization in so many ways. They aren't all bad people individually, but collectively there's a generational culture there that is a huge problem.
You younger generations want all kinds of free stuff and social programs, support programs, political parties and policies that are eroding society and driving inflation and then you want to blame us for your lack of opportunity and a better life?
*My dad is 76, still working!* Lost my mom 5 years ago and it didn’t do him well, but his work is his purpose and he keeps at it, and also teaching me a number of things along the way!! I feel incredibly blessed to have a dad that’s not a burden but a true hero for me in the sense that he shows me what it’s like to not sit back when your age becomes some weird number that society claims to mean something. My dad goes fishing, he goes camping, he butchers his own meat and grows it all! Hates the inside of a Hospital and has beaten cancer! Again, when ever I think about complaining about life, I can already hear my dads voice comin at me, and as his only son, mid 30s, I’m forever grateful to have such a mentor 🙏🙏
@@haveyouflossedtoday that is not really my calling right now! *However I do have 4 of my own kids that I’m currently trying to pass this on, and planning on having more!* Thank you for your comment!! 🙏💜
@@JVIT_TV thank you for the encouragement! 🙏🙏 I appreciate you! 🤝 *Spreading encouragement like you do is what this world needs just as much!* You’re awesome 🫡
Your dad is more Silent Generation than boomer. Silent Generation are largely a very strong and ethical group. Boomers are the f'ed up ex-hippies everyone complains about.
29. Our generation is paying for our own weddings and the prices are ridiculous. The economy sucks, cost of college is ridiculous. Life sucks for us in our 20s. Why do you think we don’t have kids? I have a house… I work 72 hours a week some weeks to afford cost of living... My parents and grandparents did not have to work/live like this to afford a BETTER life. I’m exhausted. We are all exhausted.
Yeah but why not give up the tradition of a big wedding? Get a church if that matters to you. Have a backyard reception. Cap it at like $10k byob and finger foods or hours deuvers done well… but people want to flaunt and you don’t have to appear to be in greater financial standing than you actually are…pride goeth before the fall. If you are in love with your mate and working well together…that’s the ticket not some huge wedding to put you in debt. You can do that ten years later once you’ve built some wealth….and are hopefully still together.
Don’t blame the boomers for a government planned agenda. “You will own nothing and be happy” -klause Schwab. Btw are you paying attention to all the farms being shut down? And the push for “bug protein” and carbon tax? Our government right now is paying for Ukraine pensions as well as funding two wars. No boomer I Iknow is ok with stealing from their kids to support other countries who have not paid into 🇺🇸 tax system.
I am 32. I used to work 40 hours, but with travel 60 hours per week and I did a study for my job on the side. I got a burnout because of my work, I woke up in bed one day and for weeks on end I could nothing else than cry, sleep and stare at things. At this moment I realised that my boss and his wife (HR) did not give a damn about me or my health after 6 years of work. Luckily my country has laws that protect sick people from being fired, but they tried their best to get me either to work fulltime again, or to quit. Took me two years to fully heal from it (Covid did not help). When I look back, I realise I was non-stop exhausted. I barely had a social life left because all I could to in the evenings and weekends was sleep and look after my appartment. Combine that with low pay, a housing and job market that are from one of the circles of hell and you got a cocktail of misery.
I'm 30 and I honestly think the new American dream for my generation (and younger) is slowly becoming: Save up as much $$$ as possible and get the hell out.
@advancedapathy1531 it doesnt matter, you go to Colombia with lots of money and then get kidnapped by the cartel and you have no police backup because teh cartel owns them. now what? every place on earth is controlled by some asshole who wants to squeeze the profits out of everyone living there. go live in the amazon with a tribe, there will be some chief or king doing the same thing. humans are the problem.
@advancedapathy1531not everyone can do this. We cant all be online services, as cool as thatd be. Most of society will have to contribute to the primary jobs, thats just how it is. We cant have everyone being a specialist in such a specific thing. Better to have general workers with a broad set of skills.
Gen X here. The boomers were the original "me" generation. I knew as a kid in the 80's we'd (the children of boomers) never be able to retire. The national debt was overwhelming even THEN. I will work until I die. Many of my contemporaries regularly succumb to despair. No hope = no fear
3 out of 5 kids cannot make it without our help every month! We actually purchased our last house knowing we were giving it to our youngest son. Allowing him time to build his way up to the full payment. We always knew this day was coming. So my wife and I made it a priority to get all the kids in a home. Educationally, we paid for 4 outta 5. The youngest is paying his own student loans. Parenting is not only hard. It’s not over until death!
You’re a good Father Kyle. I’ve got three kids, things are looking very bleak for them. To me parenting is serving your kids the best way you can, that doesn’t mean spoiling them, just allowing them the same opportunities afforded to us.
My mom said to me growing up. All she needed is to keep me alive and clothed. I got bare minimum. Watching my sister be treated because they are girls they "need" more. I have kids now and I am being a better parent then what I learned from.
@@jodav6866 they do this with all the daughters nowadays spoil them into young adulthood then act bewildered when they get treated mom like dirt like a nanny assistant. Meanwhile son gets thrown in the trashcan to the wolves and told to toughen up. Passive aggresive bs
Thank you so much for having this conversation, Pat. I have been told every single day of my life, how I have the responsibility to make my parents have the life they deserve. Yet when they had the opportunity, they essentially squandered the money and, tbh, my father was not financially literate.
My grandfather gave me the title to his mobile home last fall. I know it’s nothing fancy, but he set me up for success because at some point I can sell it or rent it out and use that money towards something like a down payment on a house. I am forever grateful to him for that and I hope that other parents/grandparents carry over that same level of support to their younger generations.
Why wouldn’t you consider living in it and saving money for your future plans? Are you to good to live in a mobile home? That being said, it’s wonderful that someone gave you whatever they had . God bless your grandfather, I hope you will look after him.
Keep this in mind. Every year that mobile home will go down in value. If the plan is to sell it. Go ahead and do it and park that cash in something so you can use it later.
Patrick, thank you so much for saying this. I'm a 26yo with an almost 69yo dad. My parents took all the money I had saved up for college/future expenses that I had earned over the summer when I graduated high school. I went to college on grants and got 2 STEM degrees. I know I will be the one taking care of my parents one day and have been trying to climb the income ladder to be ready for that day. I often feel like a failure because I'm not making more, definitely not enough to buy a house anytime soon. It's nice when someone like you acknowledges the struggles of my generation.
stay strong bro. its an unfair situation for sure, even in bible times it was well understood parents shouldnt be a burden. a wise man leaves an inheritence for their children
It’s not your job to take care of your parents. That’s their job. Live your life and set your future up for the better. The boomers had countless opportunities to build wealth.
I am 33 years old and I am an example of the struggle. Between taxes, benefits(insurance) and debt there is NO WAY to afford these prices much less save. This, in my opinion, is part of a bigger strategy to ensure a generation moving forward does not OWN anything. They want to shift everyone to subscription type living.
This is the cost of social safety nets like welfare, healthcare, and “infrastructure”… well around 10% of the cost goes towards the safety net/to those in “need” and the other 90+% goes to the administration of that “aid”. Everything that is run by human beings is destined to be corrupted. If humans have the opportunity for corruption some will always take that opportunity IF they can get away with it. Thus the more power we give the government, no matter the good intention, the more that will be corrupted. Welfare started with wonderful intentions, just like Obamacare, and all these other safety nets. However once the power is given it is never voluntarily relinquished, and will only grow more corrupt with time. As far as the plan… it is simply greedy people taking what they can. Since the beginning of humanity people have always been like this. Rules for thee but not for me… some people Will always choose themselves IF they can get away with it. This is why the first people formed tribes, it wasn’t because the “loved” each other… they band together to protect against a mutual enemy. Which is literally the point of government. The larger the government the more powerful and less likely to be victimized by neighboring enemies. Being the biggest/strongest will always have its advantages. However with that power comes corruption, it is one of the few absolutes in life. I honestly don’t see a realistic option that is better than what we have.
Ur 110% right. Between these fucking Wallstreet investors buying up SFHs and student loan debt they want to make sure we will never own any damn thing. "You will own nothing and be happy". NOPE. We have to save home ownership and stop the indentured servitude.
Hi Pat I am 69 yrs old, and My father in law gave us a deposit for our first house. I am a great believer in taking of ourselves and to never be a burden on my kids.
Finally, a member of an older generation that gets it, and doesn't simply respond with, "You need to move to a better location.", "You need to work harder.", or the most irritating "It was hard when I was young too, you're not special."
@@walkerpublications4418 You have any kind of source on these numbers or are you just making them up? Notably, illegal migrants still add to both the workforce and consumer pool. Social security beneficiaries aren't really putting back into the pool in the same way migrants are. Illegal immigration has plenty of problems, but enough is enough with this nonsense.
@@sinebar Given that average monthly percentage of income taken by housing in 1973 was ~25%, compared to ~60% today, that makes our situation a little special.
@@garrisonlee380 Most of them actually don't pay taxes, they're paid under the table for far less than what an American can afford to take, undercutting them. In actuality, the majority of their pay goes back to their relatives in their home country, so it's not stimulating the economy in any significant way. I live in a border state and I've seen this happen time and time again. You don't know what the hell you're talking about. Enough with your nonsense.
@@obiforcemasterBoomers are in denial. Their life would have been harder if they had to compete with outsourced jobs where Indians make half of what they ask for.
My mom and uncle (aged 72 and 69 respectively), have the same attitude: nothing matters cause they’ll be dead soon. I’ve never been so disappointed in two people but glad they showed me who they are.
They probably don't care cause they worked as hard as they could for as long as they could. It your job now to make a difference. Don't forget big government requires big funds, and of course big corruption.
@angelh5762 age is just a number. So many studies prove the brain, the muscles, tendons, bones etc will improve at any age all that is needed is effort. Jack Lalanne finally convinced Bib Barker to work out in his 70's & Bob said "it's a shame I didn't listen to him sooner" Brain games are better for elders than t v When people of any age have a bad attitude & no effort they ARE a problem. Period
@@Elhastezy888 indeed, activity is essential to remain essential. I am 60 my parent is 87 still active, it is eating unprocessed food and remaining as active as possible. I see that big corporations for food and other conveniences have taken over our health seems we are all prone to be manipulated by convenience. BEWARE of convenience it is everywhere. At least as this old bird sees it.
Patrick, listen, brother. Thank you, and God bless you. For noticing the barriers the 90's kids are facing. I truly appreciate your ability to emphasize with us. Your a good man !
With 80 year olds & 90 year olds in Congress, what do you expect? Obviously, the following generations are gonna feel the pain. Kids need a leg up. Each generation needs to lay a foundation for the following generation.
Our parents didn't give us a leg up, when we started our in life, so why should we give our children what we never received when we were young? My parents give me an 18th or 21st birthday party, no first car, nothing. My generation had to work our butts off, while the next generation think everything should just be given to them on a plate.
@eliakimjosephsophia4542 Are you saying assisting your descendants should not be a priority just because your generation had it hard? I suppose your generation's parents were too busy attempting to survive a war, so I guess that is their fault the rebuilding began with who survived and continued with you boomers. I am not advocating lazy or even a sheltered or cloistered lifestyle for future generations. Work hard, yes, that is good for everyone. However, creating an entitled attitude and mentality falls on the parent, not the child, and I am not encouraging that either. What I am saying is that each generation has a responsibility to lay a foundation for the following not deliberately sabotage them knowing how difficult things get as time goes by. I am of the millennial generation, and no matter how hard I work I think about how much easier it will be for my future children to accomplish great things if they did not have to spend the 1st 20 yrs of their short youthful adult lives pulling themselves up out of the hole but rather they can continue to build on the financial foundation that I am laying for them. A short-sighted and selfish mindset will always result in less for the ones who possess it.
@@MG007. My parents were born in the 30s and so were children during the worst of the war. They were the generation that had to work hard to make any head way at all. In many cases that generation suffered with their health due to growing up in a war torn world. A world that gave my generation the freedom to achieve based upon their work ethics that they imparted to us. My generation are mindful of the sacrifices that they made for their children. Putting clothes on our backs instead of their own, giving us the best food available when rationing was still happening in the UK. I gave my son the best start in life and it cost me a lot. However, he doesn't have the same mentality, he wasn't brought up by parents that lived through a war torn world. His life was easy compared with my generation. Every generation has its challenges, if people continue to prop up their children every time they meet a challenge in adulthood, how will they ever learn how to overcome a challenge without you? It is their challenge to overcome, putting their heads in the sand won't resolve it.
Cost of living vs wages....the poor and the few middle class left are the very legs society stands on....its a position that should be respected....Pat you are right
He says all this and talks about the average guy then does a whole video talking negatively about the teamsters union getting UPS workers 49 dollars an hour...😂
The political class and corporate class have no interest in maintaining society. Their interests lie in pillaging and pilfering their own society for their own financial and social gains.
the uber rich Banksters and Asset-rich Gen X and Boomers will blame We the Middle Class Merchants when the system fails the Majority Poors. Prepare wisely.
With my parents I’ve noticed at least for them ALL their hobbies can be grouped into 1 single hobby: buying stuff. My grandpa was a greatest generation, he loved gardening and his train set and my grandma would knit and crochet. My parents (dad and stepmom) are NEVER not trying to buy something or travel somewhere expensive. Now they did work hard and did not come from money, and they do help out some but they’re pretty disconnected from the economy. They don’t understand why I don’t own a house making hourly, or why I don’t just walk into a $60k+ job with my application and just get hired
Same! My mom keeps saying I need to put in a new bathroom and whole house generator because they are necessities. With what money? I was making the same my dad did in the 90s until recently because wages didn’t keep up with inflation.
It's so true. Even the ones who are into some form of crafting just horde products and supplies to an unhealthy level. And I've seen way too many Millenials who also think having a hobby is just buying stuff. Look at geek culture. Sure I'd love to own vopies of my favorite series and maybe a few figures of fave characters or something someday, but I see people who make it their top priority in life to just buy merch. I've known people who had no greater ambition or plan for life than consumption and who see it as shaping who they are. Usually they had parents who are into 'collecting' as a hobby to the point of hording.
EXACTLY. Boomers are a bunch of selfish hedonists. The entire concept of retirement essentially comes from them. The elderly have always had to make themselves useful throughout history, usually in a less labor intensive capacity. And that's how it should be. They should be using their wisdom to make their families and communities better. They should be taking care of their grandchildren. Retirement is a boomer bugman concept.
@@Dr-386seriously lol I’m in my 30s and whenever my parents or my in-laws (all of whom are in their 60s) come over, all they talk about is the work my wife and I need to do on the house. They say we need to do an addition, a new back deck, new pool liner, and my wife and I’s response is always “with what money?” 😂 Never mind the fact that we spent over $50k in 2019 and 2020 doing a new roof, redid the kitchen, redid 2 bathrooms, and finished the basement. I love my parents and in-laws, but they’re utterly out of touch. Our mortgage, taxes, utilities, and car payments barely get made every month. The last 2 years have been brutal for millennials who don’t have savings piled up. We do better than most young people, yet it’s still impossible to save money anymore. They’re also always asking when we’re having kids and we say “with what money?” 😂
The Greatest Generation were the adults in the room, the Silents the smart oldest siblings. Boomers? The Stoners that you knew in high school who just showed up and slid through to graduation selling weed and planning the keggers.
I had that feeling in 1979 when I was 29. I finally was able to buy my first home in 1980. It had been mistreated for 10 years, the heat turned off for 2 years and needed to be shoveled out. It was only 1350 sq.ft. and I was lucky to get a conventional mortgage of only 12.75% before rates went to 18% that year. Life can surely be a struggle.
What grandparents and parents owe to the next generations is to face and fix the problems that they CAN fix - rather than allow those problems to metastasize into the overwhelming load on those younger shoulders. Ignoring reality isn’t love. It’s evil.
What I've learned through these hard times is to start my kids wealth journey early. I feel like every parents goal should be to have raise better people then themselves
I helped my one child financially. He is now estranged in favor of spouse and spouse’s family. If you give too much it might not be appreciated and can even be damaging.
40 yr old millenial here. I am a single mom of 2 boys. I own my home and have some savings but not nearly enough for retirement. If it wasn't for my dad's life insurance when he died and that small inheritance, i don't believe I would be here. I am working my tail off to provide some kind of help for my legacy, my two sons. I teach them about finance and credit and self-sustaining lifestyle. I am hoping i won't end up dying on the walmart floor. My mom also helps me (she is a boomer) but my family understands the importance of legacy. I have two investment accounts for my boys that will become theirs. Its not much, but it's something. Anything to get them started.
I understand Legacy. Wife and I raised 3 daughters and a son. Bought each of them their first car in high school. Helped each one pay for college. Yes they all worked so they could learn a work ethic. College does not teach that. Paid for 3weddings and 4honeymoons. All have families and homes. We will leave them plenty when we are gone. We are not rich , but we are truly Blessed. Thanks for sharing, God Bless.
My 76 year old aunt who’s had a substantial inheritance since her dad died years ago had the audacity to bully me for not owning a home. I make $60 a year the average house is 600 in the city I live in. My whole family lives here so it’s kind of hard to move although I am thinking about moving anyway. My aunt bought her first home for 28 grand while she earned 34. She went on to make about 100k a year while still paying the mortgage of a 28k house. She sold her house for 500 years ago that was a heck of an investment. She always complains about my generation and I take care of her. I’ve never seen such entitlement and selfishness. She never fails to mention that she grew up in the best of times with a smirk on her face. She doesn’t share any of her multi million estate and will be passing down her millions to charities. But guess who she calls when she needs help or needs a ride to the emergency room? Me. Sometimes I want to tell her why don’t you call the charities you’re leaving your money to, to give you a hand. Boomers are ridiculous.
Dude with all due respect she is a toxic peace of crap. My mother has become an extremely selfish lying narcissistic piece of crap. I’d bounce and not look back she can have the system take care of her if she’s not interested in leaving anything for you. I have two kids and I’m working hard to leave them in a good financial situation.
Im Gen X. After my boomer parents divorced and put me on the street at 14, i learned to fend for myself. 40 yrs later i put my kids through college. Taught them how to manage money. Have a house they can stay at till they get out on their own. If i do things right, ill be using SS for gambling money.
I am 40 and have been paying taxes into Social Security for twenty something years. To think that money I paid for will be taken away from me and given to others is absurd. And passing the burden on to my son is unthinkable.
Well it's already a lost cause because money now is not worth money in the future, that's why they do it. Due to inflation, your money you're putting into Social Security is not going to amount to squat by the time you take it out. I don't know why anyone would count on Social Security.
The issue, and i may sound callous. The issue is that the older generation was never ment to live this long and hold sway over power and politics this long. Their suppose to pass down power after they get to a moderate age. Right now the majority of those in power is those above the age of 70
We are parents of three. We have worked our entire lives. All three of our kids finished college with student loans. In general 23 year olds are entering the workforce with huge debt. This is why we have a teacher shortage. Who can afford to graduate with debt only to make 40k? I worry for this young generation. Unfortunately with my husband in construction and I am a teacher, we can’t provide much more to them than love and advice.
My grandparents are in their 70s and they have worked so hard in their life. My gpa is still working everyday too. They’re letting us live with them till houses are affordable. They love us being there and I love the times I have with them. They know how crazy it is to buy a house now and def feel for our situation.
Your grandparents generation had all the career opportunities with highschool diplomas. There generation had affordable track housing and affordable single family houses they bought cheap then turned around and voted for Housing zones. They voted to eliminate affordable housing after they themselves benefited from it.
@@IamCartaphilusThe key problem is real estate education is not being passed down. The previous generation goal was to buy a house & put for on table. Nothing more. Next generation want lambo's lol
Loved this conversation! I entered the field of Engineering at 25 years old. I couldn't understand why I couldn't get into one of the big three automakers. I didn't realize, until my 40's, that there were twice as many boomers sitting on all the good jobs. That is why the big three could hire the Cream of the crop in my generation. Fast forward to today. Those boomers are still sitting on those good jobs. They are now only retiring because of Covid and VSP's (Voluntary Separation Packages). Not because they have enough money to retire. The boomers screw themselves with poor money skills and screwed future generations by not retiring earlier and sitting on those good jobs. PS. I was a wedding DJ in the early 2000's. Most couples paid for their own wedding. One out of ten were paid by parents. Great conversation, please let's talk more about this.❤
Actually Boomers have saved and invested better than the generation before.If anything has hurt them financially, it is the inflation created by the Federal government.If the money they have saved was not inflated in such a terrible way,they would have greater riches to pass on.If Boomers did anything that has hurt the generations after ,it is their notion of being a friend to their children instead of a parent.
Yes!!! Majority of boomers have terrible money habits because they're relying on the state/government to take care of them. IMAGINE how much money we'd have to blow if we didn't save for retirement or invest lol.
I work at a high end restaurant here in California. I sold an older man a $75 glass of wine, he wanted BIG, BOLD, NAPA CAB etc etc. Was very specific about what he wanted. He LOVED the wine, it was everything he asked for. At the end of the meal, it’s time for the check. The man asks me “ARE YOU SERIOUS $75??” I said “Yes, sir.” He said “That’s insane! I can’t believe that kinda price point for a glass.” I said to him dead in his face. “Good sir, at the end of the day this is a business.” “Just as the business of Louis Vuitton made and sold you that 8k epi leather briefcase.” “It’s business.” He completely scoffed at me and said “It’s not about price points, it’s about value.” I said “Sir, you enjoyed the wine? Correct, it was everything you asked for? Correct? Particular requests and preferences come with a price.” He told me that I was “Young and Green.” (I’m 30.) Which green is Naive. I laughed at myself I wasn’t even offended. I looked at him an old man acting like a child with his little paid by the hour floozy he was with. These old people I serve are WILD! I have so many stories.
I ordered a pint of an aged bourbon imperial stout once without realizing how much it cost. Didn't realize the price until I got the check. Verified the price was legit, kept my mouth shut and paid my tab leaving a nice tip. It was a damn fine beer!
That's gotta be soul draining on some level. We have become servants to these landlords. They would never change a thing because then they would lose money. House prices might dip 100k, BUT THOSE 8 PERCENT INTEREST RATES ARENT GOING ANYWHERE. You'll pay your house twice over before ever owning it.
Old people are going to make up a larger part of every business. You should have prices clearly stated, in larger print so they can read it. Old folks don't like being ripped off and aren't afraid to make a scene. Your restaurant should be floozy friendly and down to earth, you'd avoid a lot of confrontation because waiters should serve their customers and be on their side, and not rob old folks on behalf of their employers
Literally had a conversation with my husband about this. Two things happened with my generation (millennial) in regards to parents. We either got narcissistic helicopter parents or non existent narcissists for parents. Yes..both narcissists, boomers are the generation where this is most prevalent for a reason. Both types have done irreparable damage to millennials. Both my husband and I got the non-existent types. Anytime growing up we had questions about how to do things it was “figure it out it’s not hard”. Constantly made to feel dumb anytime we had questions, so we learned to not ask questions and hide things from them. A lot of friends had the helicopters. Their parents would do EVERYTHING for them so they never learned how to take care of themselves. Not because they cared, but because they would be embarrassed if their kid did something the wrong way. I would argue the non-existent types were a bit better in that we had to learn how to grow up with no guidance. But because we had no mentor to show us how to do basic manual things, we don’t even know where to begin to look for info on where to start. So a lot of “easy tasks” seem insurmountable and it takes us WAY longer to do things like change a tire because we have to figure it out from the ground up. But we at least can try to figure things out slowly because we didn’t have parents just doing it for us. My husband and I, through insurmountable odds, have made a great life. We have a home, a stable job, a small business on the side, and two kids. Our parents take credit because they raised us “so well” even though they did nothing except feed us and make sure we had a home. There was no parenting involved and it’s entirely in-spite of this that we managed to adult properly. Yet..my generation is considered “entitled”. I have no pity for the boomers. They didn’t actually raise any generations, so the social contract is broken, and yet are getting all the benefits. I hope they get what’s coming to them.
To add to this because I can see criticism coming: I’m not an old millennial. I was born in ‘92. My husband was ‘91. He got kicked out of his house when he was 17 due to “religious differences” (his family is LDS and he is atheist..because of his parents) so we have almost no contact with his side. My mom was a single mom who was a seamstress and then started her own small company. We still talk to her, but if you ask for even a dollar she will not give you anything cause “bootstraps” even though she herself got loads of handouts from my grandparents (both dead now) for being a struggling single mom. Point being we don’t have years of wealth building behind us or rich parents to foot the bill and we make things work. It’s not impossible but it’s REALLY hard. And it shouldn’t be a badge of honor to have access for basic things previous generations just got.
I am a boomer and worked ALL my life . Are you saying I am not entitled to MY money ? How about my Father , and Mother , and Brother , and Husband who worked ALL their lives , and died ! They never saw a penny of THEIR money ! By your comment I can tell you are a Godless person . And one day you will stand in judgement before the God you don’t believe it . I’m proud to be a BOOMER . My generation didn’t shoot each other in schools , and on the streets . We knew our neighbors , and the difference between right , and wrong . We didn’t blame others for our problems , and we understood about gratitude, . You have been brainwashed very well . If you have the narcissism to think that “ what’s coming for us “ is not coming to you as well , you are very wrong .
I disagree that previous generations just got handouts. Very rare. They mostly did it themselves (financially). Only the very wealthy got handouts from parents as adults such as down payment on houses. I do agree it was a terrible thing to not teach you though. If you are going to take a hard line financially (I believe much better), then the loving thing is to teach your kids basic life skills, budgeting, fixing, taking care of things, help them get their education if possible ( not help them get loans so they have huge debt) but encourage scholarships, trade school, etc. Its that pouring your love and time into helping them learn to help themselves that is what a good parent does. This is what we did and what many of our friends did, ( most are traditional families where the wife was able to stay home and be a mom full time ). But I agree probably not common for the boomer generation, especially when the wife had to work. I think working moms and broken homes is what created the scenario you describe. And that was rampant in the boomer generation raising the millennial generation.
@@Julia29853 Well said . Rising costs, jobs sent overseas , all led to two incomes needed . You mentioned life skills , so important to quality of life . The reality is America has changed over the years , and economically speaking not for the best . That is the fault of our elected leaders who represent corporate lobbyists , not the American people . Our leaders are controlled , and unaccountable . The mainstream media has brainwashed many that one generation is to blame . This is part of the socialist agenda . Create civil unrest among the populous . . I notice that they are not complaining about the free money given to those that walk over the border . I am from an immigrant family . There were no free houses, food stamps, medical , free phones , and computers , welfare . We worked until we died . People are here living very well who never paid taxes in their life , never paid into the system . No one has a problem with that . They only have a problem with people who worked all their lives , and paid WITH OUR MONEY to a system that was supposed to be there for us in our old age . They don’t complain about the billions sent to Ukraine , they would never complain to their state senators . They did not learn history , so they do not recognize what is happening . Marxism creates two classes of people the oppressed , and the oppressors , with the promise that things can only get better with wealth redistribution from the oppressors . They were not taught about Stalin,Lenin , or Mao . They do not understand the suffering , starvation , and death for millions is the end result . I hope they can look at the tragedy in Hawaii, and begin to understand .
As someone who was born in 1988, I can't appreciate this video enough. My parents divorced when I was a little kid, and I'll be honest that had it not been for my stepfather, I would've amounted to jackshit, only cause how little my actual dad taught me. Hopefully, my generation will right things with their children, cause if we don't correct the course, society and culture is in big trouble.
@roundaboutway7969 Born in 84 and the main problem from the start is there has been a deficit excluding the Clinton tech boom since before any of us were even alive. They kicked the can down the road as long as they could and now the chickens are home to roost....
@@roundaboutway7969He just said his parents divorced which automatically puts him at a disadvantage. Kids from divorced households have way worse outcomes in general the data is clear. Your comment beautifully highlights the baby boomer mentality. ME ME ME. “Having my ideal partner is more important than my kids success. So, I’ll divorce my kids parent and split up the family to fill my relationship needs”. Disgusting and shameful. Your generation is filth and we look forward to you leaving this earth. We’ll fix it for you, trash.
My husband was born in 1953 and said the same thing. He credits his stepfather with helping him become a good man. He is sure he would not have amounted to much had it not been for this man. Fathers really do matter more that they get credit for, regardless of bio or step.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’vivian jean wilhelm” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I totally agree, life for my generation is impossible. Would have made all the difference in the world for me if I had parents that could have helped, even a little, and weren't selfish. My Dad inherited a half a million and blew it all, died leaving me a bill for the cremation. My Mom is almost 70, divorced twice, single, still working f/t buying homes for herself in her 70s that she'll never pay off, but wouldn't even co-sign for me and my husband to buy a home while they where still affordable. I have EXCELLENT credit, almost no debt other than car payments, had the down payment saved & ready, but because we own a small business, couldn't get approved in time. Now we're stuck. My boomer parents and inlaws had everything in life, had it so stinking EASY. They completely failed to see the plight of my generation, and could care less if we're suffering now or later, so long as they can buy they're next RV or vacation home that will more than likely just go to the state or the bank when they die, smh.
Agreed I wish I could add to this because I have similar experience. Its like all these potential opportunities wasted. A mess that we have to fix or correct
I learned who my parents were when they inherited a large amount of money. My mom made sure it was all gone by way of the casinos and now needs constant help to do everything but eat and expects me to take care of her while I lose money taking off work. She even let me pay for some of her bills and food and then I found out she was making over twice in retirement what I make working. It’s unbelievable. I have never been so disappointed in two human beings. Feel like I never knew them at all. The boomers told us we deserved to be called “X” like something was wrong with us from the beginning. Like they were determined to help us fail somehow.
The plight of my generation? This is complete bunk. I grew up in the 70's, working from the age of ten, paid $1200 cash for my first car on my 16th birthday. That's $6000 in todays dollars. I was given a $20 bill for gas when I left for College. I did all the college paperwork, loan paperwork, visits, etc. Everything. The only time I talked to my guidance counselor was about football. All I see from you is complaining. You want your 70 year old mother struggling to pay a mortgage to co-sign for you? Have you lived long enough to see examples of how money matters between family members can cause issues. "life for my generation is impossible". It seems that, for you, love = money. Wow, seems more like your attitude is impossible.
If you are complaining about "the next generation" and you were the one that raised them, then you are the one who is responsible. People don't want to hear that because that would mean they're wrong.
Faulty logic.. Millennials are ca 30-40 years old, just starting to get kids, and our kids are not zoomers. We don't claim responsibility for the zoomers lol 😂
Boomers are selfish with bad taste. They did ruin and abandon education, millenials have been even worse at this. it all begun with the 1968 liberation of lazyness and "leave the kids" to fend for themselves more and more, parents abandon their kids more and more every generation. But it begun with the 50's to 60 year old boomer generation.
I’m Gen X and from early on, I’ve told my sons they are not responsible for taking care of me. I planned, saved, invested and made sure I am secured financially and will not accept help from them. The best gift they can give is showing me what outstanding citizens and hard workers they are.
Same here! My mom died in her own house on her own terms, never depended on anyone, lived alone! Kept the whole family connected! I will do everything in my power to follow suit!
Parents like you make it easy for kids too succeed. Unfortunately it's not easy for a lot of people including myself, where your parents made many mistakes in life and you gotta pay for it and make it out.
The greatest generation said “I want my kids to have a better life then I did” and the boomers instead of putting that lesson forward, they said “shit you’re right. I should live the best life”
I’ve also noticed a trend in grandparents not wanting to help take care of their grandchildren, many even asking to be paid to watch their grandchildren. They have the, I raised my children and I’m done, mentality Decades ago families helped each other out more. It doesn’t even have to be financially, helping raise / watch the children, teaching one another trades or even basic life skills like cooking or home repairs. How many adults don’t know how to change their oil, how to fix a clogged drain. Things parents should be teaching their children they just have no clue what to do. I don’t know if it’s because the middle and lower class is being forced into survival mode so they can’t focus on these things, but whatever it is, it’s to the detriment of society.
I’m absolutely living this reality. My mom lives 20 minutes away from us and our four kids. She has nothing going on in the way of hobbies or friendships. She is 64 years old and she goes to work and that’s it. She completely ignores her four grandchildren. She has never helped me through any pregnancy or days with a newborn. I can’t call on her to watch my kids for a couple of hours while I run an errand or get my haircut. She doesn’t spend any time with them. She doesn’t know anything about them. She doesn’t text she doesn’t call she doesn’t come to their baseball practice or their dance recitals. She also didn’t help me pay for my wedding whatsoever or give me any wedding gift. My in-laws live about 25 minutes away and the only time we ever see them is during major holidays. They don’t call or text or try to see their grandkids either. If we initiate some thing and invite them to something they will try to come, but they never try for themselves to be of any help to us and never have been. I’m a 41-year-old millennial and mama for including a one year old baby and I have done this all completely by myself without any assistance from parents or in-laws either financially or otherwise. You better believe I’m not inclined to help my mother out or my in-laws out as they get older and older. They can figure it out themselves like I did.
@@Candley1077 boomers are so ignorant and blind. They dont see the problems cause they bought their house for 2 Strawberrys. Even my grandmother and grandfather see the problems and are worried
Thank you for bringing this up. It is the biggest problem period. Pisses me off so bad. I ran for state rep here in Missouri no one talks about it but me. We had a $50 billion surplus and Republicans were all saying give it back and Democrats spend spend spend. NO ONE else said hey we have major liabilities coming as boomers retire. Unfortunately being correct does not necessarily mean victory.
My parents are Boomers who worked their asses off their entire lives, but never recovered after 2008-2009. I'm in my 40s, a veteran, and a business school graduate. My wife and I had to choose between owning a home for us and our 2 boys... or renting in a safe area with good schools...
the problem is not social security. It is the way the government is spending the money. Can we go three years without spending on foreign aid and military?
Bro money is the root of all evil. These bastards will litterly do w.e their friends want, of course for a right price. I swear to you, that is all this vibration dimension is lol its basicly a HIGH value HELL with alot of deception with small amounts of love lol YES small amounts lol
@@agricolaregs Making promoting from within no longer common, Firing long time employees before any benefits take effect, dismantling unions, oursourcing american jobs, putting in anti worker laws such as right to work that only hurt the lower and middle class. Working hard will get you nowhere today, it's all about working smart, which is why younger generations are seen as lazy. The 9-5 grind at one and even 2 jobs isn't enough anymore. The list goes on, but the issue is boomers hold the power and refuse to fix these issues they started or normalized. It may be a bit late, but I hope this helps explain why many millenials and zoomers dislike boomers.
Adding to @agricolaregs, companies now pay managment so they dont rely on building good careers. There`s no way to climb ledder anymore hence people switch jobs to get better pay, no traning in place either to cut cost, you have to have prior experience. Productivity doubled in the last 50 years but look the salary adjusted to inflation.
Booming sociopaths I truly despise them The generation who did absolutely nothing I mean their parents built everything and they had to maintain but no.. no. Daddy issues! Daddy worked too hard building the world to hug them
Not all people from any generation are the same. Think about what goods and services will be needed in the future and get involved. Ok, so you think Baby Boomers have all the money. Then how will they spend it? How will it be dispersed when they pass away? Some one says they have multiple houses and gold. Well, if those houses are rentals they need managed and maintained. They need painted. Not enough houses? They need built. How about building with different materials? They need solar panels, wiring, plumbing heat pumps. You also need to save and bide your time. Maybe you buy a house together with another couple, let it appreciate then sell it or one couple buys out the other. The couple leaving takes their profit and puts it down on their own house. Young women and men need to turn to God for help, get married stay together through thick and thin, have some children, make your own coffee every morning. Take a sandwich and apple for lunch. Buy a 2 bedroom, 1 bath house and plant some fruit trees and a garden. Play board games and catch baseball and football with your children. Have kids play catchers in the neighbor hood street while you sit outside in the summer and talk with your neighbors. You only need maybe one car and a pick-up truck. Learn how to do house repairs and fix up a run down house. Get your kids involved as they get older. You will be happier with your spouse, children and neighbors. Save 20% of all you make. if you both work save one person's wages and live on the others. Move from your 2 bedroom house to a 3 bedroom or 4 bedroom. Keep the 2 bedroom and rent it. Stay together. Trust in the Lord Jesus Christ. Vote for politicians that will not get in your way and regulate, tax you to death. If you go to college, don't get a degree in Lesbian Studies. Learn about Chemistry, Mathematics, Biology, Computer Science, Material Science, Civil Engineering, Electronics, Semiconductor Manufacturing, Medicine. Real degrees not 'I Hate America' or 'I hate all white people degrees'. Stay together with your spouse. Don't cheat on each other. Love each other. Even if you can't afford a Tesla. Your wife and children will love the conversations they had with you and eating the buttered popcorn together playing a Monopoly or Risk board game. You have more than you think. This is what some Baby Boomers did. Don't sleep around, getting abortions. Don't believe LGBTQ. Statistics say 85% of Lesbian marriages end in divorce. Its because its not blessed by God. Its not natural. Have faith in Jesus Christ to guide you and make the crooked paths straight. This is how many Baby Boomers did it.
100% spot on.. the entire boomer generation is pathologically narcissistic, sociopathic, and psychopathic. Unbelievably weak human beings. Weak men make hard times, etc etc
100% spot on. The entire generation is stricken with severe personality disorders (not every single person obviously, but a huge majority fs). They are unbelievably weak people. Narcissistic personality disorder, sociopathy, psychopathy, all the cluster B disorders. My 64 yr old father got my 28 yr old gf pregnant when I was still with her 5 yrs ago. For the last 5 yrs they (including my NPD mother who’s still married to my father) have all been lying and pretending my father’s daughter with my ex-gf is my child. Now this poor little innocent 5 yr old girl thinks I’m her father, but she’s actually my half-sister. I just found this out, after she’s already 5 yrs old. My narcissistic older siblings, and my narcissistic boomer scumbag parents are the epitome of the evil, selfish, scumbag boomer generation. Weak men make bad times, etc etc
I agree with you PAT 100%. My family is from the Caribbean and the only way we believe that the kids lives can be improved is by helping up with investments that are going to improve your kids life. All the rich kids in the Caribbean have a mum or dad who helped them attend medical school or start a business or inherit a business etc. this every man for himself ends up having parents who live like kings while their kids live like paupers.
My grand father put my father through college, my father never had student loan debt in his life. My father never once had to intern for free, my father moved to Canada from the Caribbean, and worked 1 job in corporate Canada at a bank. He was able to buy multiple properties- only for him to sell everything and leave his kids behind (who took out student loans, had to intern and make a way for themselves). It shocks me heartless and selfish my parents have become
I worked at an office supply store for about a year. I would say no joke 70 percent of our customers are easily over 55. The fact I get so many that came in to complain about the price multiple people come in and tell me “ I live off social security how can you charge old people these prices you should be ashamed” And the only thing I think about is will I even get that when I’m 70
I'm 66 years old and I despise whining old farts like that. I would have told him "I just work here I don't set prices and you have no reason to abuse me. You can always shop elsewhere if you like"...
boomer calling mellianls lazy when they bought their house on 3 years wages whereas now will take 8-10 to save for a deposit and could be made redundant from any job due to the economy
Boomers are too retarded to understand the idea called “purchasing power” and that’s the only thing that matters to the working class NOT GDP. GDP is for large corporations and political lobbyists and rich people.
Great conversation. The older generation also screwed over the younger generations during covid too. Shut down the country to "keep up safe" was incredibly selfish and has hamstrung the younger generations potentially for the rest of their lives if we don't give them the tools to succeed. Socialism is NOT the answer , but instead a strong push for real capitalism, not the corporatism we have now. Thanks Patrick and guys!
You can't generalise on the "older generation", many of us fought against lockdowns, didn't buy into the globalists agenda and certainly didn't take the injections in the UK. We also warned everyone we could not to comply with the governments and NHS brainwashing.
I work for a non-profit that interfaces with public schools and health agencies regularly. The 60-70 year olds that are hanging around the workforce while also not adapting to the demands of the times are dragging everything down. I don't know if they're holding on to their sense of authority/power, if they're afraid of what life looks like in retirement, or if they aren't financially prepared for retirement, but they don't understand the negative impacts their decision to stick around the workforce is having on the generation behind them. There are a large number of angry 40-60 year olds that are tired of waiting for their turn to lead and are embarrassed by the inability of their bosses to grasp the current business environment.
My parents paid 0% of my college tuition and never paid for my clothes, mandatory expenses, etc since I was 18. However I’m grateful I got to live with them into my mid 20s (rent free) until I moved out for a high paying job. I’m not bitter towards them, however, I find it condescending when they give me outdated advice and criticise me and my siblings for not living how they want. News flash, it’s impossible to live as comfortably as they did when they were our age. I think the old generations are overall selfish and entitled, but I bet if I were in their shoes, I’d be like that too.
I revisited some counseling on abusive relationships, letting go, and developing self-worth. Feeling much better. It is difficult but your reply really meant a lot. Seems strange but you never know what little spark can get you moving back in the right direction. Thank you.
I went to college in Nashville around 2010 and something i saw there has stuck around with me to this day about the whole financial problem. A developer would come into a suburb neighborhood and buy a home from an elderly couple who had owned it for 60+ years for around 650K. That is around 300% more than that couple purchased it for originally so a great deal to them. That developer would then build four to five houses on that same piece of property after tearing down the house of the older couple and sell each one of those smaller homes for 700K thus making around 400% on the deal. A new family coming in now has to pay 700K for a home that is 1/5 the size and value of their grandparents home. That situation is not the fault of the parents or even the grandparents. I think the only solution to this problem is for younger folks moving to a small town or city and start a business in a significantly cheaper cost of living place instead of expecting to own property in a big city like Miami, Dallas, or Nashville. By starting a business in that small town you have created jobs in an affordable economy for other people and made the situation better for not only yourself but for multiple people. The internet allows you to have a business in a much broader area now. I think of that song for Green Acres where the woman wants to be in the big city and feel important and the man wants to be out in the country and have peace and quiet. The solution to all of this is people creating new businesses and hopefully in affordable areas.
All of your Boss Hog govts in and around Nashville are cashing in so the zoning and approvals are geared to making them rich as fast as possible while the population of Nashville doubles. All of the costs are being pushed to other home owners to maximize the profits of the Boss hog families I'm sure they are all buying mansions in the Ozarks or where ever the hogs are moving after the rape of TN
@@1Mhoram9 Basic laws of economics says that an item is only worth the price that an individual is willing to pay for it. that being said if you put up a 350K house for 700K and it sells in a couple weeks then that is what the house is actually worth and the market undervalued it before. I am not saying it is fair or right but family homes do seem to be way overpriced. Tech may be the issue but for years there were tons of marketing schemes on how to make money as house flippers which is the result of inflating the value of a home by 20-30% of what it should be. I do believe another way to help is having a far better public transit system where you have high speed rails that can bring in people from the suburbs for little cost therefore allowing them to find more affordable homes. I just think everything the government touches turn to crap so i am concerned about them getting involved in family homes and making it far worse.
learn about the Federal Reserve system and the history of Banking in the United States and why American Colonists fought a Revolution against a tyrannical Monarchy (and his royal Banksters). historically, we are at the end of the road. business is the only solution, but surviving the flood will not look like our parents and grandparents' thriving on the same efforts
It’s an absolute blessing if you have parents that PUSH you to level up and get out of your comfort zone!! That’s what their job is!! Propel the next generation!!
I'm a Zillennial (Youngest Millennials that get confused as gen Z age 27) my parents haven't helped with my wedding expense, haven't offered, didn't help with my first house, and I could go further on how I suffered financial abuse at the hands of my dad with little to no help at all getting started in life, and often got discouraged, so i don't actually feel like I owe it to them to care about any of that generation because mine treated me like sh*t and the only reason they will be taken care of is because I feel I owe that to God not them. That's why I get pissed at the boomers who think I am entitled, sir/ma'am your kid may be but I've worked my damn ass off and not done anything immoral so treat me with modicum of decency because you are the problem. I am tired of the older generations not taking responsibility and disrespecting us like we owe them when I didn't get life easy, I don't owe them anything. Stop assuming, and start listening.
Do you think the majority of boomers had it easy? My silent generation parents gave me nothing. Paid all my own expenses clothes, shoes hair cuts since I was 14 years old. I was expected to work both at home and outside the home since I was 10 years old.(starting with a paper route) No such thing as an allowance. No college assistance, no wedding assistance, no food assistance when I ate oatmeal for dinner every night for months. If you didn’t eat what’s on your plate for dinner, it was wrapped in plastic and given to you for breakfast. As a child, all home maintenance was done by father and kids (me). And I don’t hold a grudge to my father as he left home to join the military at 17 to send money home to his mom (my grandmother) so she could buy a 600 sq foot house for her and my fathers little sisters. And said grandmother worked into her late 70s to afford said house. I got zero financial help as a teen and as a young adult. I don’t blame my father’s generation for his parenting choices.
@@NoName-ov8qi Yes, boomers had it easier. I do believe they worked hard, but the payoff for their hard work was more rewarding than it is for the hard-workers today. We need to fulfill the duties of 2 or 3 people at our jobs just to make average pay, and then go to our second job just to live under a roof because things are so expensive. What really amuses me is when boomers have the audacity to criticize us on our spending and how we cannot afford a house in this day and age.
Thank You PBD!!! I wasnt born into money and My father had a major heart attack last year. That was the moment i had to step up. Ive inherited -$xyz,000.00 hospital bill, -$250k house, -$ credit cards, -$ monthly bills, -$etc, -$800/ electric scooter for my niece's, -$bach trumpet for my nephew,and my brother was in a car accident + hospital bills. All these losses in 1 year, and i aint complaining. Its all paid except the house and living expenses. Thank you for so much. Spreading knowledge and understanding. I gotta start over, but im not complaining. Im alive and healthy. I can work 16-20 hours a day. And so the marathon continues.
The goal should always be to leave the generation coming up behind you a better quality of life. That has not happened. It's crazy to see upcoming generations left with a lower standard of living than the previous ones.
No. It's the opposite. The Boomers have left us all with an unimaginable amount of debt. It's inconceivable that we could ever balance that debt. It's never going to happen. When I was 12 or 13, we had a surplus. Now that I'm in my mid 30s, I'm astonished that we still have not addressed the debt issue.
That's the dead honest truth, but I'm going out in limb here by the stories I've read and say 90% of us are or are from the same situations. Fourth or fifth generation Americans, and my generation, at 42 right now are going to be the first where we haven't been left the keys to the kingdom, and because of something we had no part in are being persecuted for to this day, and slighted for it. I don't blame my parents though or their parents. I blame what we are experiencing on multiple things that used to be automatic like get a steady job for 30 and chill out in retirement, or buy a home in early adulthood and spend 20% if your salary for 25 years, or even college or education as a whole, why should we take loans for something that actually holds no tangible value in the real world unless your a doctor, lawyer, or engineer. What about the way the medical industry, healthcare, and big pharma have tried to erase 20% of us. It's just not good enough to give it all you have, you need to give it two people's alls, and some extra that we hope is left from the greatest generation still.
I live in a small town. My brother had his dream house stolen from him by a friends boomer daddy. He didn't know, but his friend essentially gave his dad all the details of bid price, thoughts on the property etc. He was taken advantage of by this man. It was a .5 mile down from my grandpas who farms...The only reason I bought a house was because I a friends father let me buy it from him, but the time he had it, it doubled by 30,000+ in 2-4 months....It's not financial suicide, it's financial rape.
RESPONDING to "I live in a small town. My brother had his dream house stolen from him by a friends boomer daddy. ..." Houses are a dime a dozen, dreams also come in all shapes and sizes, and arrive at different times. Time to move on
This seriously sucks. Don’t give up. Make a plan to get what you want and go after it… What’s happening isn’t “nice”. But it isn’t going to change. So …your race to run is harder than what others where given…. Embrace it and kick Az!
So what you started out with… that was the same thing you would do, maximizing your opportunity. The “boomer” took information and used it, and likely isn’t/wasn’t guilty of anything. I buy and sell lots of used vehicle related parts to accomplish my goals in my personal life. Has let me - for one example- have a modified jeep that is far above what I could afford with cash. When I buy parts I’ve learned that most of times I get screwed with ‘bad’ parts is when I buy from an under-30 seller. Dishonest about unseen things (missing hidden parts that aren’t obvious when looking from the outside of a transmission for an example that recently happened) and the most dramatic example was the 35yo that tried to sell me a rear axle that he told me was limited-slip equipped. It had the tag saying so. I pulled the cover and it DID NOT have the LS parts, and in fact had loose bolts inside and no shims. It was obvious that he swapped out the LS carrier with an open carrier, and not properly to boot. When I pointed that out he insisted it was limited-slip and stated I just didn’t know what I was talking about, didn’t know what I was doing. The younger generations are just as likely- perhaps more so likely- to be morally bankrupt as the boomers you categorically demonize.
Good for you Patrick, it’s a culture thing for the most part. People in the West kick their kids out of the house at 18 and then wonder why no one is visiting them when they’re old
If the elderly get too burdensome, expense-wise, the government will find a way to get rid of them. I’m sure they’ve got a slew of bioweapons on deck, I mean, there will just so happen to be a really bad “flu season”. These are disturbing times and we are being ruled by psychopaths. It’s good to keep that in mind when predicting future events.
Both my parents passed away when I was a child. I had little to no support network growing up. Still, I survived. Fast forward to modern times. Gone are the days where one income was enough to feed a family of four. Unless of course you are bringing home six figures or more. I currently make 17+/hr and I am BARELY scraping by. I chose to remain unmarried and childless. I can barely afford to feed myself let alone a family. I have no car payment and drive a 20 year old vehicle. I clearly cut costs where I can. I rent a room out of a house because owning a home or renting an apt is evidently a pipe dream these days. You know there is a serious housing crisis when my standard of living 15 years ago was FAR better than it is now making substantially less money. I am now 41yo doing all of this as a "long hauler" with severe back and neck injuries from past car accidents (yes plural). Suffice to say, I am ALREADY being stretched to my limits! With rising inflation, insane cost of living, not to mention the ridiculous cost of healthcare, at what point does the back of the average worker break? We are being screwed at every opportunity. At what point do we say enough is enough?!
Feel you.. I would have done better raised by wolfs.. working and living since I was 14years old.. but I was lucky because I was able to work and make good money, live well until 6years ago and now I’m barely scraping by, never had baby’s either, as a woman this was the hardest decision I’ve had to make.. I’m not stupid, I couldn’t bear raising children to no prospects..
I agree with PBD, parents should not be a burden on their children, you're children are supposed to benefit from you making the right decisions. They'll take care of you if you don't try to burden them.
My mother is 64 and retired, not married and living by herself in another state. I told her in no way shape or form, under any circumstance will she ever be allowed to move into my home with my wife and me. Helicopter parent to the fullest while I was growing up. I told her I will not be responsible for taking care of her because of her poor life decisions. The selfishness of her and a large portion of the boomer generation is why this country has gone down the toilet. I scratched and saved every penny in my 20’s and got super lucky with my timing which was unlucky for so many people as I purchased my first home in 2009 @ 27 when the market crashed. It sucks that the entire housing market had to collapse for me to afford a home at that time. Fast forward my wife and me are very blessed and do very well but so many in my generation (born in 1981) work there asses off every day knowing that social security and Medicare won’t be there for us down the road even though we’re being extorted for it now to pay for boomers. The worst generation!
As a 62 year old boomer this year, I will say that we paid into SS our WHOLE WORKING life. If the gov't chose to spend our money on the previous generation, can we help that? I think your over generalizations are sad. You must be a miserable person to be around. I will say that we are still paying into SS and Medicare. As a self-employed person, we pay even more than a person who is a regular W-2 employee.
@@vettemuziekjesI would say that makes sense, but idk about gen Z, some of us are chill and some of us are the most aggressively narcissistic people I’ve ever seen, more so than the millennials in some cases. Gen Z is weird because it’s so split when it comes all kinds of things from culture to interests to politics to just general world view.
Gen X is generally pretty inoffensive and the boomers still clog up a majority of our government and hoard all the money so it’s harder for a younger person to get in, so we can’t really blame y’all for the government’s failings either. I guess my one issue with Gen X is that they haven’t really done anything to reverse these issues but unlike the boomers, I can tell they’re concerned about the future just like the rest of us are. Meanwhile the millennials are loud, dumb and entitled and most of Gen Z is still in high school and middle school right now, and the rest of us are in our 20’s and the economy sucks so much that we haven’t had a chance to do much of anything.
@@cosmo9925 My parents are Gen X and how to silent generation and boomer generation raised them was crazy especially during the 80s where everything was fear based and chaotic. If it was the war on drugs, aids epidemic, cold war all these things impacted Gen X especially on the fact they were told to live like their parents were going out and running around the town. Because of this when they had kids in the early 2000s they became helicopter parents because of that paranoia they had during their childhood.
I appreciate this conversation, but we're way past this. If I make 65k a year and I'm living out of my truck, I cannot even think about saving for my kids, although it's the only thing that keeps me going.
Sound just like a boomer, did everything you could. Boomers did have it the hardest after all. Can't afford to put the kids first. Those damn millennials are ruining the country
You can save for several kids dude especially if you have a partner. I know a couple that both made 80k combined. Their second kid just finished private high school. This is the problem thinking 65k is a low wage lol. Make a budget you'll see you are over spending
If you make 65k a year and live in your truck it's simply because you make stupid choices with your money. Or you live in California or New York and aren't smart enough to take that truck and drive somewhere you can afford to live.
It's obvious "easy" for Patrick with his wealth to be kind with money, however hearing him reflect on the topic it is clear that his kindness comes from within, not from money. As a Man, Father etc.. he comes off as very Good guy. Happy for his success.
I worked hard my entire life to lose it all in the 2008 market crash and I’ve never really recovered. My mom who has never really worked is completely out of touch and unsympathetic. She thinks everyone can just find their way. They never helped me with wedding, college, down payments , nothing
We've been living in an inflationary economy for over 15 years (since the Big Banks were bailed out by the taxpayer). That's why things are so expensive, yet wages, salaries, etc. haven't budged.
Stop helping immigrants and giving them free stuff stop giving free sexual assignment surgery stop giving Isreal everything boom money for our retirement
The government aka boomers. And yes, defund israels 4 BILLION dollar handout and invest that money in people who don’t murder innocents and steal land.
Hey Tom-this is one of the videos that I believe found ME. I'm a Gen X kid born in 1965 and I've lived what you guys are talking about. The elders in my life (Baby Boomers) have been too much of an example of this. In my culture the "Black Tax" is similar to what you all are talking about. My parents were good people, but they struggled being examples of what they desired from their children. My dad wasn't around during my formative years due to my parents separation and had some hard times but was able to remarry and start his own business. He wanted me to help him out with labor and finances, but it was hard to support him because he did not want to listen and grow. He ended up losing his business and later asked me for more financial help. My mom became the savior of our family and helped support her parents, her brother and her son. She depleted her retirement funds and lost a house she brought in the 1970s due to being the major caretaker. She wanted me to step into the role some years ago but I would not. I became a dad at 45 and retired from teaching at 55. I started my own business because that's what I wanted to do and I talk to my daughter about it as well-even though she's only 12. There's no way I can tell my daughter to do anything if I can't be the example-and like your dad, I would NEVER put a burden on her like a student loan or be my caretaker. I am glad that I could retire early and start working for myself and build my wealth-to teach my wife and daughter to do the same.
One child graduated with 2 degrees and no debt (I paid tuition), 75K in savings (lived with me and I paid all bill while he worked part time and saved plus I contributed to his saving each year), gave him a car, lots of love, attention and respect…….never got a thank you but instead am estranged in favor of the spouse and spouse’s family. I didn’t expect anything in return but also didn’t expect to be ousted. Good times can create monsters.
They squandered for decades and even while with children and why alot of them need that SS because alot of them were fuck ups and really and truly don't have shit anymore to show their life. My old harpy is a good example. Used to make great money into the 80s and probably could have been a millionaire by now. My father got an inheritance from his father and balèe it up on fancy cara etc and so did my uncle on his side. On my mothers side the relatives already squandered and raped my last grandmothers house and investments to her name and it will never be passed to me. Relatives never have formed a relationship with me for years and even though they can afford to help out the only heirs which are my two sisters and I they don't and wont because they are all selfish and greedy and live for themselves and their own personal lives. The reason why I forgive my dad is because he wasnt an abuser at least to us over the old harpy. Let the trickle down begin 🤣💦💦💦 I am fucked and have no one to rely on. I will disown myself before any funeral expenses are passed onto me. I will damn this
Ya this. "I paid into Social Security. I'm just getting my money." They don't care. They expect us to pay into a system that won't be there for us(2034, the zero year, is also the year the last Xers retire, BTW) when it's our turn. It was always a Ponzi. I've actually had 2 interventions done on me by Boomers (Family and some neighbors) because I don't pay into it. Said I'm gaming the system. I pointed out that by working outside that system (gig work) I'm actually responsible for myself like they raised us to be. Crickets.....
The american dream was base on 2 económic historial events that lasted centuries: 1.the settlement era,which literally was the expansión of the population of an agricultural economic model in the Best and biggest chunck of agricultural land of the world. 2.the urbanización and industrialización of that population creating new economic sectors employing every time more people ,creating new consumers. That economic model is over the las economic sector created was (IT) and did not employ that many people
Man. This really hit home. It's something I've given a lot of thought into. The last few generations have only cared about themselves. In general, they see kids as tools/pawns for their own vanity. They are not looking at the bigger picture and building generational wealth; they are only looking to retire and live it up when they reach that retirement age or sooner. They are not wise. They put material 'things' over family and they value traditions which have only been around for the last 100 years. They have completely bought into the matrix. They've failed to teach the next generation how important children and family are. Now, it's morally acceptable to just not have children. It's despicable and shameful. They've brought massive dishonor to their ancestors.
They screwed this generation.... they're sitting on multiple homes, while newly starting off people can't afford to even buy a starter unless it's in the ghetto.... even then....
Um do you think their parents bought them homes? No you inherited when both parents are gone.. Let's not forget the previous few generations fought World Wars and a Deep Depression as well. Nothing was handed to them.
@@Ms.Norths.Musingsused to be a single income family could buy a home..... not the case anymore. A regular job can't get you anything, you need 150k plus a year...
The only solution is to begin living in multigenerational homes again like much of the world still does. We can do it willingly and allow kids enough to save up for their own and appreciate and care for their elder family members or we can have it forced upon us when things become so bad there is no other choice. An end to immigration and foriegn ownership of US property must be institute to stop speculation and rising cost of a home.
This only works if you have a good amount of working adults in the home. If you only have 2 working bodies (mom & dad for example) and they have to live with and support 2 sets of parents (if all are alive) and a couple of kids. Most elderly need as much attention and could be as expensive as children with medical needs and etc. If you are the average couple, maybe making $100 together a year, that’s a huge burden. Multigenerational homes only work when there’s more than 2 people working.
I'm the younger generation. Served and all that and the boomers in my family still hate me. Lol They wouldn't be happy if you gave them a gold brick.... They would find something wrong with it.
I love your example of giving your kids a choice on how to help. MY parents had me young and they weren't making enough to help me with University, so I had to pay it myself. By the time I was out in the job market, my dad climbed up the corporate ladder and moved to another city and allowed me to live in his apartment for a few years, and that was his way of helping me since he wasn't able to when I was in school. With the money I saved in rent I put a 22% downpayment on an apartment in Toronto. There's such a big difference in how we think about retirement in between generations too. For example, I'm 33 (dead centre Millennial) and most of my coworkers are boomers 2/3 years away from retirement, and some retired last year. I'm their kid's age, basically. And I work in a company that has one of the best public pensions in Canada (probably the best), which pays 80% of your best year when you complete 35 years of service. I had a conversation with coworkers about declining the pension contributions since it deducts 30% of my paycheck when I just bought my apartment. For them, who have already bought and paid off a home, or are close to, it's totally fine, for me, it puts me on a "I'll have to eat noodles this week because I run out of money for food". So when I have this conversation with them their reaction is "you have no idea how lucky you are etcetc" The truth is, everybody in the Millennial generation lost any hope that our society will even be close to functional for retired people in 30 years time. So this money that I see taken out of my paycheck and putting me on a struggle is most likely money that I will NEVER see. So many countries have had their pension funds destroyed or shrunk by an incredible amount that it's more worth it to just let people keep that 30% on their pockets and have them buy investment property or gold instead. I tell my coworkers that but they think I'm crazy. Just a different reality, we were raised in different environments. We Millennials had a tumultuous coming of age which warped our perception of the world which we see as threatening and nobody in a government position seems trustworthy.
He’s correct , I am turning 50,we as a couple just hit the 6 figures each mark but pre covid the husband and I made 70-80 grand yr. Each so we had to save and work overtime hours every week up to 45-60 hours per week because we have 4 kids now 3 adults this is how we helped our children out… we pay “some college tuition “, all of the books and school supplies including new technology that they needed, food, boarding, pay all the car insurance, bought each a good used car they picked out, pay all their cell phones bills until they turned 21… they all knew that at 21 they had to start paying 💯% of their bills.. and extra spending money and their clothes.. so they had time for saving money before we cut them off financially .. but if they chose no college and to work full time instead..we still bought the car, paid the car insurance in full, paid cell phones in full, extra spending money and occasionally filled the pantry and fridge, and large birthday and Christmas chunks sum of gifted money.. until 21.. I don’t know if it’s right or wrong but the economy was this bad when they are starting into the adult world.. we past generation’s didn’t have to deal with this mess of the economy.. how can parents not care about if their children get homeless or starving or can’t get to work because they don’t have a car! How can you even send your babies into a awful situation like that?? Do I don’t care if it is wrong.. we have 1 left in the house he’s 16z here we go again in 2 years… but I sleep well knowing my kids have jobs homes cars and food even if I have to help them..
My wife and I are doing the same thing. We paid for our kids college, phone and insurance. I told our kids I will leave my paid off home to them, because I know their future will be tough.
Older generations had affordable college, cheap housing, jobs that paid enough where only 1 income was needed, and traditional family values that have kept people in healthy families for thousands of years. All that is gone now, none of that was passed on to younger generations. Boomers have torpedoed all of it, but don't even see the problem, and just blame it on the younger generations. I hope they're alive to see the fallout, it's already beginning. Birth rates plummeting, young families forced to move in with their parents because they can't afford what used to be considered a starter home. Jobs aren't keeping up with inflation and the eviction moratoriums are running out.
College debt has become an enormous burden for Millennials. We were conditioned and manipulated by our parents, the media (the endless after school specials), teachers, guidance counselors, the government (which offered grants and tax breaks for students). No one is willing to take responsibility for this at all. We're just expected to pick up the pieces somehow and then fix the other problems they made. In addition to our own debt, we're expected to solve the national debt. Then they insult us and call us entitled, lazy, stupid, etc....all while we're working 80 hour work weeks, multiple jobs, gig work, side hustles just to make ends meet. We can't afford houses or rent because the price keeps going up and up and wages stay the same. It seems like things will never get better for Millennials. As we enter each life phase, we're greeted with a new crisis or disaster.
They inherited the New Deal form the two preceding generations, they demonstrated to get the Grand Society as they were young, and once they got their good cushioned jobs they exchanged all that for Reagan.
I'd rather spend my kid's "inheritance" on them while I am still alive to see them benefit from it. Why leave it all until I am dead?! Better to get my enjoyment of watching them get their enjoyment from it! That's what it is for and I am blessed to be able to share with them.
The other thing is, if you wait until you are dead then your kid will be 62 and the inheritance won't really matter all that much. That money matters a lot more when it comes to something like a down payment on a house or some major milestone like that. Maybe starting an IRA, stuff like that.
I like how Gen X is always left out of the conversation. We were the first generation to follow the boomers and still experience the hardships that the millenials and Gen Z are experiencing. The only reason why people are talking about these issues now is because the millenials and Gen Z, like the boomers, consist of much larger demographics than Gen X. We are the only generation in U.S. history that is smaller than the preceding generation. When we were younger and just getting started, we were called slackers by the boomers and our insignificance is why we were coined the X generation. We did not get the support that the boomers got and were told to just shut up and go to work. The economy was bad and jobs were scarce when we graduated college and like the following generations, incurred massive student loan debt. Pension plans were a thing of the past and the days of getting promoted and raises based on meritocracy were long gone. We suffered the same trials and tribulations as the millenials and Gen Z but were never given a spotlight to complain about it.
It's because you guys are silent. You always have been silent. You took the brunt first, but you didn't speak up. But it took us, the millennials, to at least open our mouths and say hey, you're the ones that raised us. Speak up next time. That's a key trait from your demographic. Y'all never said shit
@@NeighborhoodWatchMann We did speak up but nobody listened. The reason why nobody listened was because like everything else, there is strength in numbers. The millennials, like the boomers are complainers and are a large enough generation that when the economy, the prices of education and healthcare are affecting a larger demographic, people tend to notice. The only way things will change in this country is if enough people stand up against the machine. The boomers and millennials only care about themselves.
@@NeighborhoodWatchMann 46, Gen X, Yeah we’re silent ish. Best thing about us imo,used to call it stoicism. That’s what separates us from the boomers and millennials who are 2 sides of the same coin. Two generations determined to change the world come hell or high water, so convinced that they had all the answers, in the end, all we got was the hippie movement, selfish drug addicts, and then the millennials gave us the woke, narcissistic morons. So ya Gen X olargely silent, Didn’t do much to tip any scales one way or another, Probably content to leave the world much the way we came into it, But at least we didn’t make the world the worst place, and then pat ourselves in the back for it, looking at you two, the Bs & Ms. You are welcome, now I’m going to find something else to be apathetic about, that’s assuming I even care about finding something in 20 minutes…. I could be dead in 20 minutes Gen X dropping like flies. Half my friends are dead, pussies… not you, my dead friends, they’re pussies for dying
And as the official spokesman of Gen X, I would encourage All to continue to leave Gen X out of the conversation conversation we preferred that way. Leave me alone. Get off my lawn, take your woke gender fluid dog somewhere away from me……. I don’t know where I was going with that, don’t care either, apathy superpowers, k bye
I bought my house at 29 years old almost 2 years ago. I was fortunate that I bought right before interest rates shot through the roof. I was also lucky enough to move into my father’s basement while I saved up the money to do it over the course of roughly three years (prior to that I was renting an apartment with a friend). I have no one living with me and I have no children and that first year of home ownership was damn hard just barely braking even every month after all my expenses. Also in order to buy I had to move way out into the country which is almost 80 miles from my job. Fortunately I am allowed to work remotely but I feel for those people that have to commute everyday (I was one of those people prior to the job I’m in now). The point I’m making is that it is possible to buy a home in your 20s but it takes a lot of discipline to do it and when you do you will have a lot of sleepless nights worrying about money.
Similar story for me. Living at home rent free is the only reason I was able to save for a home. Rent ate all of it. And every lease renewal was a rent increase as well. I had to plead with my boomer father that I have no shot in home ownership unless I can save save save for a few years.
I had 4 companies and made 30k a week by age 24. The banks and government are screwing us over. Stop bragging about your house and get out there and do something....
I'm a boomer and think it's not on the next generation to have to pay for my mistakes or my gerontology because I was too inept to manage my financial affairs to become a burden to them.
I have 3 adult kids and i fully agree with you. The problem is that ive been a single mom for the last ten years. Even so, i do everything possible to help them foundationally but i hate its so little. I have an emergency fund valued at 1k so when a car breaks down or a medical bill comes, i take from that to help them. It’s DRAMATICALLY harder for them to make it than it was for me. Breaks my heart. I wish i thought about this before becoming a mom
I’m 37 and my wife is 40. We have decided we cannot afford to have kids. Unfortunately for us we need to work full time on our careers so we can retire one day. This is a very common thing happening with our generation. I sealed the deal a month ago and I got fixed.
This is an important conversation. It’s one area that I think the boomer generation fails to see just how dire the situation being created is. My wife and I are a single income family with multiple kids. The only reason we own a home is because we bought in prior to 2019 and then sold it at the height of a big city housing market boom. Other wise we would be in a conundrum as to whether we want to live in very meager rental housing or have my wife go back to work instead of raising our young children.
Well lets see. I was born 1988. I was 13 when 9/11 happened and our freedom got strangled. Ever since the eternal war machine sucks us dry. My parents put me out at 17 when you could make 6-9 dollars an hour as a laborer. When i was 19/20 and still working my way out of poverty, the economy collapsed. I began to work my way into a savings amidst all that, for official policy to brutally suppress interest rates while printing money. Now im in my 30s and making ok money with my skills and it looks like the bubble will pop again and who knows what itll take with it this time. This country is becoming a third world basketcase led by psychopaths.
My aunt is 85 years old.... She showed me what she could get for a dollar at the store back in the day milk was $0.25 steak was $.50 a house was $2,000.... My grandpa retired on a dollar$1.80 a hour .... It takes $5,000 to make a dollar in today's money my dad bought a house in the 50s for $6,000.... Today the government says the house is worth $190,000..... Do I need to say anymore I pay more in taxes now then my Dad paid for the house in 1950
Of course things are going cost more now then back in 1950. Just like somebody house today that cost 450.000 fifty years from now probably twice as much and that generation will blame your generation like people blame boomers today. It is nobody's fault.
My folks told my brothers and I to go to college, because "You'll get a good job", but they never financially supported us, I even wanted to go out of state for school, and the "We won't help you". When my brother got married, they paid for his wedding, but didn't help me with a down payment on my townhouse, or have offered my brother with help for a down payment on a house, and I hear them talk about how their financial guy told them that they can take multiple trips a year. Needless to say, they are going into the cheapest nursing home that money can buy.
I wouldn't bother with the nursing home. Tell your parents you spent their nursing home money on your college degree. Hopefully your degree wasn't useless, many of them are.
@@margaretnewlands3237 Telling your children to go to college, but they can't go out of state, and yet not financially helping them comes off very selfish. Being a parent and being okay with financially burdening your children at a young age is being self entitled.
As a member of the somewhat younger generation, he’s exactly right. And our generation somehow feels it coming that we’ll be fucked bad in this situation.
The boomers became adults and as they moved past the entry level positions and began to have some degree of control over corporate America, they realized if they restructured the workforce, restructured the expectations between worker and corporate, that they could pay themselves more now at the cost of there being less for future workers. My stepfather worked a pretty hard job for 40+ years before retirement. If you started a job with them today, you'd never make the kind of money he was making, your never get the same benefits he got, no pension just a bs 401k with paves of fees. The boomers grew up at a time where the law discouraged obscene compensation for corporate leaders, it didn't make sense to pay them more at some point because they'd never see the money due to the tax rates on high income. The boomers laughed at problems like climate change, realizing that they'd all be dead before them problem became manifest. Why would they pay higher costs and taxes to help future generations? We've known for decades that at some point social security won't be able to pay all benefits, the date for when this could happen fluctuates but they concluded that most of them would be dead by the time they run out and so the people who are alive then will just have to figure something out, again why would they pay more now to benefit future Americans? Since birth they have gorged themselves at the buffet of America, capitalism has always been a gravy train for them so they love it. They failed to realize the conditions that existed when they grew up were a complete aberration from what we have mostly seen through history. The unique set of circumstances after world War 2 allowed a middle class to emerge and thrive. After achieving power the immediately began to dismantle this. Trip after trip to the buffet counter they brought entire pies back to the table and proceeded to stuff those pieces of pie down their gullets at break neck speed, slapping the hand of anyone trying to catch a few of the crumbs falling as they devour that the next piece. Then they were indignant that there was a bill, they demanded discount after discount after discount and they got it every time.
Their parents were remarkably self sacrificing (GIs had to be to get through such a global crisis) and their children were conditioned to believe that this was how it should be (never knew any kind of crisis except boredom). The Boomers were never taught to sacrifice for the greater good. They were taught that everyone else should be giving to them.
@felixthecat2786 During the cold War they started teaching the kids that the reason for the prosperity was capitalism. Nevermind free enterprise and market economies were not novel concepts and they had never before created a middle class but that's what they tought the boomers. They made them read Ayn Rand in school, teaching greed is good that things work best when everyone is only thing to get as much as possible for themselves. Like Glenn Beck said "I want all my pie". Christianity was used as a means of social cohesion, we had no solidarity among the people, we compete against eachother and no matter how much they claim otherwise there are zero sum elements to it. They love capitalism because it's been a gravy train for them, they could easily put themselves through college working part time, they got degrees and entered the workforce with little debt.
@johnmusser8925 I've gonne through multiple recessions, all taking place on their watch, with them running basically everything....yet they themselves always seem to end up ok, they grandfathered themselves in to all the goodies they say we just can't afford.
He's right. I've had older people literally say "oh well I'll be dead by then, not my problem"
Yeah it's like I've been working 50 hours a week and barely make constant fear of being homeless. Kill me now.
I’ve heard the same from several different people, all in “that” age group. They’re basically telling us to go fuck ourselves.
I have heard that from boomers too. They are the most selfish generation in the history of humanity.
@@M-og3octhe shitty thing is we finally put number them and our generations don’t vote. Only the boomers.
@@roundaboutway7969😂
Imagine you're a Millennial or Gen Z male. The majority of women in your age-group think marriage is outdated. Home-ownership, the primary investment and source of wealth-generation for the American middle class, is out of reach. You're told Social Security and Medicare/Medicade will not be available to take care of you in your retirement. What would your attitude or outlook be?
probably migrate to south america..
As a 32 year old millennial male whose single and can't afford a house........yeah it's pretty bleak
Yup.
They did us dirty bro.
It's not just males...
It’s simple, older folks will never pay the same in taxes and enjoy way more benefits then the younger folks. It’s ridiculous. I will pay way more and receive way less. The fact that my generation never talks about this is so frustrating.
We’re all so focused on social bullshit while the biggest economic issue of our time is growing.
100 💯 it's a freaking rip off and we are getting fucked
True, the younger generation is only worried about the fraud climate change (own nothing and be happy) and men wearing dresses.
That’s why social security is a scam.
It is our duty to dodge taxes and fight back as much as possible. Let it rot.
@@walkerpublications4418
Are you joking?! We discuss that waaaay more than SS. God forbid we be allowed to highlight the parasitic nature of SS ever. Aparently we aren't allowed to recognize more than one or two major problems, ffs. And it's not just war, it's 'aid'. Fuck sending all our money to foreigners, for peace or for war.
This is a very necessary conversation. The burden on Millennials and Zoomers is beyond unfair. All of these issues, from insane cost of living, insane cost of housing, insane debt to absolutely ridiculous cost of childcare create a perfect storm. This is why many people are choosing to be childfree. Even in my country ( Botswana ) the Boomers hold the majority of the wealth and the younger generations are struggling to even have money to buy basic toiletry.
Well no I wanted kids as a male but no girl will date broke careless guy
It affects younger Gen-xers too!
@@sadhu7191that's tough fam 😬
@@CaesarConsuloProVitaIt affects every future generations.
@@masonridgewell8063 It will not affect Gen Alpha or Gen Beta…as much as it is affecting Gens X, Millennial and Z.
I've heard this quite a bit from my dad's siblings and friends- "The goal is that the last check bounces." I believe that The Boomer Generation is the first one who have no intention of leaving inheritance behind. There is a reason that they were initially called The Me Generation.
Sounds like my family lol. My dad blew all his money on toys while his kids lived in a garage for 6 years and a camping trailer foe 5 years
I tell my parents to spend all of their money. Id rather have them enjoy the last years of their lives than give me $50,000-$100,000 that is only gonna last me a few years. I would love to see pictures of my parents traveling, and buying toys
Disgusting. Unbelievable how one generation broke a chain in all of human history in working for generation wealth.
@@fromthefrunchroom you and me had very different parents lol
Lol… I thought it was just my family. My dad strait up told me when I was 18 you better do well in college and get a respectable job because there is no inheritance. (I’m 34) Btw, he worked for Shell oil for 42 years and made $250k plus manages an oil well with mineral rights that his father left him. He just said there is no extra money, retirement is very expensive. So idk 🤷🏽♀️ I accepted a long time ago the only one I can financially bet on is myself. And in this economy it’s HARD AF.
There's never been a more selfish and hypocritical generation than the boomers. I'm 36 years old, made the wrong choices for a long time but I made the effort to better myself. As a finish carpenter doing cabinetry and custom woodwork I manage a shop and make about 900 a week. That used to be a really decent income but I can never afford a home with how devalued the dollar is.
The old people want to be taken care of after they've hoarded wealth, printed a bunch of money and started a bunch of endless wars and pulled the ladder up behind them.
U said it, they destroyed everything and pulled the fucking ladders up behind them. I have zero sympathy for their generation. And this geriatric fucking congress has GOT to go.
Blaming ALL Boomers for what’s gone on is like blaming all Germans for naziism.
@@ElsieDee001
Nah, it's a lot less nuanced than the rise of the Nazis in Germany. The Boomer generation really just failed and degraded our civilization in so many ways. They aren't all bad people individually, but collectively there's a generational culture there that is a huge problem.
@@ElsieDee001 not blaming all of them, just the ones too ignorant to see what's going on who scapegoat us younger gens instead.
You younger generations want all kinds of free stuff and social programs, support programs, political parties and policies that are eroding society and driving inflation and then you want to blame us for your lack of opportunity and a better life?
*My dad is 76, still working!*
Lost my mom 5 years ago and it didn’t do him well, but his work is his purpose and he keeps at it, and also teaching me a number of things along the way!!
I feel incredibly blessed to have a dad that’s not a burden but a true hero for me in the sense that he shows me what it’s like to not sit back when your age becomes some weird number that society claims to mean something.
My dad goes fishing, he goes camping, he butchers his own meat and grows it all! Hates the inside of a Hospital and has beaten cancer!
Again, when ever I think about complaining about life, I can already hear my dads voice comin at me, and as his only son, mid 30s, I’m forever grateful to have such a mentor 🙏🙏
Please plan to take some father-less boy and teach him these things too. This is how we fix our society.
@@haveyouflossedtoday that is not really my calling right now! *However I do have 4 of my own kids that I’m currently trying to pass this on, and planning on having more!*
Thank you for your comment!! 🙏💜
Proud of you and your Dad my friend. Keep up the good work! You are making such a difference!
@@JVIT_TV thank you for the encouragement! 🙏🙏
I appreciate you! 🤝
*Spreading encouragement like you do is what this world needs just as much!*
You’re awesome 🫡
Your dad is more Silent Generation than boomer. Silent Generation are largely a very strong and ethical group. Boomers are the f'ed up ex-hippies everyone complains about.
29. Our generation is paying for our own weddings and the prices are ridiculous. The economy sucks, cost of college is ridiculous. Life sucks for us in our 20s. Why do you think we don’t have kids? I have a house… I work 72 hours a week some weeks to afford cost of living... My parents and grandparents did not have to work/live like this to afford a BETTER life. I’m exhausted. We are all exhausted.
Yeah but why not give up the tradition of a big wedding? Get a church if that matters to you. Have a backyard reception. Cap it at like $10k byob and finger foods or hours deuvers done well… but people want to flaunt and you don’t have to appear to be in greater financial standing than you actually are…pride goeth before the fall. If you are in love with your mate and working well together…that’s the ticket not some huge wedding to put you in debt. You can do that ten years later once you’ve built some wealth….and are hopefully still together.
Hope you have good friends.
Don’t blame the boomers for a government planned agenda. “You will own nothing and be happy” -klause Schwab. Btw are you paying attention to all the farms being shut down? And the push for “bug protein” and carbon tax? Our government right now is paying for Ukraine pensions as well as funding two wars. No boomer I Iknow is ok with stealing from their kids to support other countries who have not paid into 🇺🇸 tax system.
I am 32. I used to work 40 hours, but with travel 60 hours per week and I did a study for my job on the side. I got a burnout because of my work, I woke up in bed one day and for weeks on end I could nothing else than cry, sleep and stare at things. At this moment I realised that my boss and his wife (HR) did not give a damn about me or my health after 6 years of work. Luckily my country has laws that protect sick people from being fired, but they tried their best to get me either to work fulltime again, or to quit. Took me two years to fully heal from it (Covid did not help). When I look back, I realise I was non-stop exhausted. I barely had a social life left because all I could to in the evenings and weekends was sleep and look after my appartment.
Combine that with low pay, a housing and job market that are from one of the circles of hell and you got a cocktail of misery.
@@TheturtleowlA bot account pretending to be a real person?
I'm 30 and I honestly think the new American dream for my generation (and younger) is slowly becoming: Save up as much $$$ as possible and get the hell out.
@advancedapathy1531 it doesnt matter, you go to Colombia with lots of money and then get kidnapped by the cartel and you have no police backup because teh cartel owns them. now what? every place on earth is controlled by some asshole who wants to squeeze the profits out of everyone living there. go live in the amazon with a tribe, there will be some chief or king doing the same thing. humans are the problem.
With you on that bud
I am 54 and I have never been able to save any money so good luck with that.
@@shanedavison7473 I'm 35 and I have been able to save 92k.
@advancedapathy1531not everyone can do this. We cant all be online services, as cool as thatd be.
Most of society will have to contribute to the primary jobs, thats just how it is. We cant have everyone being a specialist in such a specific thing. Better to have general workers with a broad set of skills.
Gen X here. The boomers were the original "me" generation. I knew as a kid in the 80's we'd (the children of boomers) never be able to retire. The national debt was overwhelming even THEN.
I will work until I die. Many of my contemporaries regularly succumb to despair. No hope = no fear
We are always overlooked.
Quit whining and blaming the generations before.If you don’t like things as they are get moving!Complaining doesn’t help.
@frank
Spoken like an underworked and overpaid grown child. Begone boomer😆😆😆
@@franksullivan1873 is it simply blaming? Or is that exactly how cause and effect works?
Gen X know. They were raised by them. They sold us out.
3 out of 5 kids cannot make it without our help every month! We actually purchased our last house knowing we were giving it to our youngest son. Allowing him time to build his way up to the full payment. We always knew this day was coming. So my wife and I made it a priority to get all the kids in a home. Educationally, we paid for 4 outta 5. The youngest is paying his own student loans. Parenting is not only hard. It’s not over until death!
You’re a good Father Kyle. I’ve got three kids, things are looking very bleak for them.
To me parenting is serving your kids the best way you can, that doesn’t mean spoiling them, just allowing them the same opportunities afforded to us.
So well said. Thanks for posting.
Good job sir/ ma’am.
My mom said to me growing up. All she needed is to keep me alive and clothed. I got bare minimum. Watching my sister be treated because they are girls they "need" more. I have kids now and I am being a better parent then what I learned from.
@@jodav6866 they do this with all the daughters nowadays spoil them into young adulthood then act bewildered when they get treated mom like dirt like a nanny assistant. Meanwhile son gets thrown in the trashcan to the wolves and told to toughen up. Passive aggresive bs
Thank you so much for having this conversation, Pat. I have been told every single day of my life, how I have the responsibility to make my parents have the life they deserve. Yet when they had the opportunity, they essentially squandered the money and, tbh, my father was not financially literate.
My grandfather gave me the title to his mobile home last fall. I know it’s nothing fancy, but he set me up for success because at some point I can sell it or rent it out and use that money towards something like a down payment on a house. I am forever grateful to him for that and I hope that other parents/grandparents carry over that same level of support to their younger generations.
Why wouldn’t you consider living in it and saving money for your future plans? Are you to good to live in a mobile home? That being said, it’s wonderful that someone gave you whatever they had . God bless your grandfather, I hope you will look after him.
Keep this in mind. Every year that mobile home will go down in value. If the plan is to sell it. Go ahead and do it and park that cash in something so you can use it later.
Your grandfather is a unicorn.
Right on!
Gratitude is rare, great perspective
Patrick, thank you so much for saying this. I'm a 26yo with an almost 69yo dad. My parents took all the money I had saved up for college/future expenses that I had earned over the summer when I graduated high school. I went to college on grants and got 2 STEM degrees. I know I will be the one taking care of my parents one day and have been trying to climb the income ladder to be ready for that day. I often feel like a failure because I'm not making more, definitely not enough to buy a house anytime soon. It's nice when someone like you acknowledges the struggles of my generation.
stay strong bro. its an unfair situation for sure, even in bible times it was well understood parents shouldnt be a burden. a wise man leaves an inheritence for their children
Both parents are Boomers and have had similar experiences. At least you are smart and are preparing for the future my friend.
Struggles....hahaha...
Why did your parents take your savings?
It’s not your job to take care of your parents. That’s their job. Live your life and set your future up for the better. The boomers had countless opportunities to build wealth.
I am 33 years old and I am an example of the struggle. Between taxes, benefits(insurance) and debt there is NO WAY to afford these prices much less save. This, in my opinion, is part of a bigger strategy to ensure a generation moving forward does not OWN anything. They want to shift everyone to subscription type living.
This is the cost of social safety nets like welfare, healthcare, and “infrastructure”… well around 10% of the cost goes towards the safety net/to those in “need” and the other 90+% goes to the administration of that “aid”. Everything that is run by human beings is destined to be corrupted. If humans have the opportunity for corruption some will always take that opportunity IF they can get away with it. Thus the more power we give the government, no matter the good intention, the more that will be corrupted.
Welfare started with wonderful intentions, just like Obamacare, and all these other safety nets. However once the power is given it is never voluntarily relinquished, and will only grow more corrupt with time.
As far as the plan… it is simply greedy people taking what they can. Since the beginning of humanity people have always been like this. Rules for thee but not for me… some people Will always choose themselves IF they can get away with it. This is why the first people formed tribes, it wasn’t because the “loved” each other… they band together to protect against a mutual enemy. Which is literally the point of government. The larger the government the more powerful and less likely to be victimized by neighboring enemies. Being the biggest/strongest will always have its advantages. However with that power comes corruption, it is one of the few absolutes in life. I honestly don’t see a realistic option that is better than what we have.
This is the fault of the politicians not the boomers
@@rft0920boomers are supporting them. As gate keepers and adults
Ur 110% right. Between these fucking Wallstreet investors buying up SFHs and student loan debt they want to make sure we will never own any damn thing. "You will own nothing and be happy". NOPE. We have to save home ownership and stop the indentured servitude.
@@rft0920I hear u but unfortunately we have a geriatric congress that won't fucking die. Ex Diane Feinstein and Mitch McConnell plus Biden & Trump.
Hi Pat I am 69 yrs old, and My father in law gave us a deposit for our first house. I am a great believer in taking of ourselves and to never be a burden on my kids.
My taxes used to go to old people's benefits... Now it's not even going domestically...
Welcome back to the colony. Where you will soon be replaced in a generation. Smile and wave.
Finally, a member of an older generation that gets it, and doesn't simply respond with, "You need to move to a better location.", "You need to work harder.", or the most irritating "It was hard when I was young too, you're not special."
@@walkerpublications4418 You have any kind of source on these numbers or are you just making them up? Notably, illegal migrants still add to both the workforce and consumer pool. Social security beneficiaries aren't really putting back into the pool in the same way migrants are. Illegal immigration has plenty of problems, but enough is enough with this nonsense.
That's actually true. We aren't special. I'm 25 BTW.
@@sinebar Given that average monthly percentage of income taken by housing in 1973 was ~25%, compared to ~60% today, that makes our situation a little special.
@@garrisonlee380 Most of them actually don't pay taxes, they're paid under the table for far less than what an American can afford to take, undercutting them. In actuality, the majority of their pay goes back to their relatives in their home country, so it's not stimulating the economy in any significant way. I live in a border state and I've seen this happen time and time again. You don't know what the hell you're talking about. Enough with your nonsense.
@@obiforcemasterBoomers are in denial. Their life would have been harder if they had to compete with outsourced jobs where Indians make half of what they ask for.
My mom and uncle (aged 72 and 69 respectively), have the same attitude: nothing matters cause they’ll be dead soon. I’ve never been so disappointed in two people but glad they showed me who they are.
Hope they just send over their social security checks to you.
They probably don't care cause they worked as hard as they could for as long as they could. It your job now to make a difference. Don't forget big government requires big funds, and of course big corruption.
@angelh5762 age is just a number.
So many studies prove the brain, the muscles, tendons, bones etc will improve at any age all that is needed is effort.
Jack Lalanne finally convinced Bib Barker to work out in his 70's & Bob said "it's a shame I didn't listen to him sooner"
Brain games are better for elders than t v
When people of any age have a bad attitude & no effort they ARE a problem.
Period
@@Elhastezy888 indeed, activity is essential to remain essential. I am 60 my parent is 87 still active, it is eating unprocessed food and remaining as active as possible. I see that big corporations for food and other conveniences have taken over our health seems we are all prone to be manipulated by convenience. BEWARE of convenience it is everywhere. At least as this old bird sees it.
I like that attitude,that’s a great way to live
Patrick, listen, brother. Thank you, and God bless you. For noticing the barriers the 90's kids are facing. I truly appreciate your ability to emphasize with us. Your a good man !
With 80 year olds & 90 year olds in Congress, what do you expect? Obviously, the following generations are gonna feel the pain.
Kids need a leg up. Each generation needs to lay a foundation for the following generation.
Our parents didn't give us a leg up, when we started our in life, so why should we give our children what we never received when we were young? My parents give me an 18th or 21st birthday party, no first car, nothing. My generation had to work our butts off, while the next generation think everything should just be given to them on a plate.
@eliakimjosephsophia4542
Are you saying assisting your descendants should not be a priority just because your generation had it hard? I suppose your generation's parents were too busy attempting to survive a war, so I guess that is their fault the rebuilding began with who survived and continued with you boomers.
I am not advocating lazy or even a sheltered or cloistered lifestyle for future generations.
Work hard, yes, that is good for everyone. However, creating an entitled attitude and mentality falls on the parent, not the child, and I am not encouraging that either.
What I am saying is that each generation has a responsibility to lay a foundation for the following not deliberately sabotage them knowing how difficult things get as time goes by.
I am of the millennial generation, and no matter how hard I work I think about how much easier it will be for my future children to accomplish great things if they did not have to spend the 1st 20 yrs of their short youthful adult lives pulling themselves up out of the hole but rather they can continue to build on the financial foundation that I am laying for them. A short-sighted and selfish mindset will always result in less for the ones who possess it.
Only socioathic whites lack natural nepotism
@@MG007. My parents were born in the 30s and so were children during the worst of the war. They were the generation that had to work hard to make any head way at all. In many cases that generation suffered with their health due to growing up in a war torn world. A world that gave my generation the freedom to achieve based upon their work ethics that they imparted to us. My generation are mindful of the sacrifices that they made for their children. Putting clothes on our backs instead of their own, giving us the best food available when rationing was still happening in the UK. I gave my son the best start in life and it cost me a lot. However, he doesn't have the same mentality, he wasn't brought up by parents that lived through a war torn world. His life was easy compared with my generation. Every generation has its challenges, if people continue to prop up their children every time they meet a challenge in adulthood, how will they ever learn how to overcome a challenge without you? It is their challenge to overcome, putting their heads in the sand won't resolve it.
@@MG007.Don't even bother. It's just their conditioning. They live and die this way😢
Cost of living vs wages....the poor and the few middle class left are the very legs society stands on....its a position that should be respected....Pat you are right
Govt 'employees' get $100k a yr. to VOTE BLUE.. that's all. maybe they could fix that?
He says all this and talks about the average guy then does a whole video talking negatively about the teamsters union getting UPS workers 49 dollars an hour...😂
The political class and corporate class have no interest in maintaining society. Their interests lie in pillaging and pilfering their own society for their own financial and social gains.
@@aenima2288yeah pats a clown
the uber rich Banksters and Asset-rich Gen X and Boomers will blame We the Middle Class Merchants when the system fails the Majority Poors. Prepare wisely.
With my parents I’ve noticed at least for them ALL their hobbies can be grouped into 1 single hobby: buying stuff. My grandpa was a greatest generation, he loved gardening and his train set and my grandma would knit and crochet. My parents (dad and stepmom) are NEVER not trying to buy something or travel somewhere expensive.
Now they did work hard and did not come from money, and they do help out some but they’re pretty disconnected from the economy. They don’t understand why I don’t own a house making hourly, or why I don’t just walk into a $60k+ job with my application and just get hired
Same! My mom keeps saying I need to put in a new bathroom and whole house generator because they are necessities. With what money? I was making the same my dad did in the 90s until recently because wages didn’t keep up with inflation.
It's so true. Even the ones who are into some form of crafting just horde products and supplies to an unhealthy level. And I've seen way too many Millenials who also think having a hobby is just buying stuff. Look at geek culture. Sure I'd love to own vopies of my favorite series and maybe a few figures of fave characters or something someday, but I see people who make it their top priority in life to just buy merch. I've known people who had no greater ambition or plan for life than consumption and who see it as shaping who they are. Usually they had parents who are into 'collecting' as a hobby to the point of hording.
EXACTLY. Boomers are a bunch of selfish hedonists. The entire concept of retirement essentially comes from them. The elderly have always had to make themselves useful throughout history, usually in a less labor intensive capacity. And that's how it should be. They should be using their wisdom to make their families and communities better. They should be taking care of their grandchildren. Retirement is a boomer bugman concept.
@@Dr-386seriously lol I’m in my 30s and whenever my parents or my in-laws (all of whom are in their 60s) come over, all they talk about is the work my wife and I need to do on the house. They say we need to do an addition, a new back deck, new pool liner, and my wife and I’s response is always “with what money?” 😂
Never mind the fact that we spent over $50k in 2019 and 2020 doing a new roof, redid the kitchen, redid 2 bathrooms, and finished the basement. I love my parents and in-laws, but they’re utterly out of touch. Our mortgage, taxes, utilities, and car payments barely get made every month. The last 2 years have been brutal for millennials who don’t have savings piled up. We do better than most young people, yet it’s still impossible to save money anymore. They’re also always asking when we’re having kids and we say “with what money?” 😂
The Greatest Generation were the adults in the room, the Silents the smart oldest siblings. Boomers? The Stoners that you knew in high school who just showed up and slid through to graduation selling weed and planning the keggers.
Man I’m 28 I’ll be 29 in November..
When he asked ‘how are you supposed to buy a house?’ And broke it down that way I felt the weight of that
There is only debt. That is the new currency backer. Not gold. Not oil. Your soul.
I had that feeling in 1979 when I was 29. I finally was able to buy my first home in 1980. It had been mistreated for 10 years, the heat turned off for 2 years and needed to be shoveled out. It was only 1350 sq.ft. and I was lucky to get a conventional mortgage of only 12.75% before rates went to 18% that year. Life can surely be a struggle.
What grandparents and parents owe to the next generations is to face and fix the problems that they CAN fix - rather than allow those problems to metastasize into the overwhelming load on those younger shoulders. Ignoring reality isn’t love. It’s evil.
From the top down the United States have failed at this.
I have no children. I owe no one anything.
@@Just-Humancool. Sounds awesome... I'm sure you have it all figured out...
@@dumbguy6843 I do....I'm 48 and retired.
@trans-solidwookie6961 yeah... good job, ... you don't hear that from your kids, so I thought I would tell you.
What I've learned through these hard times is to start my kids wealth journey early. I feel like every parents goal should be to have raise better people then themselves
Lol imagine parents having goals
@@runswithraptorsmaybe not yours but I have a Roth IRA setup for my 8 yr old daughter. She'll be a millionaire when she graduates college.
Duh
I helped my one child financially. He is now estranged in favor of spouse and spouse’s family. If you give too much it might not be appreciated and can even be damaging.
40 yr old millenial here. I am a single mom of 2 boys. I own my home and have some savings but not nearly enough for retirement. If it wasn't for my dad's life insurance when he died and that small inheritance, i don't believe I would be here. I am working my tail off to provide some kind of help for my legacy, my two sons. I teach them about finance and credit and self-sustaining lifestyle. I am hoping i won't end up dying on the walmart floor. My mom also helps me (she is a boomer) but my family understands the importance of legacy. I have two investment accounts for my boys that will become theirs. Its not much, but it's something. Anything to get them started.
I understand Legacy. Wife and I raised 3 daughters and a son. Bought each of them their first car in high school. Helped each one pay for college. Yes they all worked so they could learn a work ethic. College does not teach that. Paid for 3weddings and 4honeymoons. All have families and homes. We will leave them plenty when we are gone. We are not rich , but we are truly Blessed. Thanks for sharing, God Bless.
My 76 year old aunt who’s had a substantial inheritance since her dad died years ago had the audacity to bully me for not owning a home. I make $60 a year the average house is 600 in the city I live in. My whole family lives here so it’s kind of hard to move although I am thinking about moving anyway. My aunt bought her first home for 28 grand while she earned 34. She went on to make about 100k a year while still paying the mortgage of a 28k house. She sold her house for 500 years ago that was a heck of an investment. She always complains about my generation and I take care of her. I’ve never seen such entitlement and selfishness. She never fails to mention that she grew up in the best of times with a smirk on her face. She doesn’t share any of her multi million estate and will be passing down her millions to charities. But guess who she calls when she needs help or needs a ride to the emergency room? Me. Sometimes I want to tell her why don’t you call the charities you’re leaving your money to, to give you a hand. Boomers are ridiculous.
Dude with all due respect she is a toxic peace of crap. My mother has become an extremely selfish lying narcissistic piece of crap. I’d bounce and not look back she can have the system take care of her if she’s not interested in leaving anything for you. I have two kids and I’m working hard to leave them in a good financial situation.
Utterly ridiculous!
TELL her that forreal
@@goodlifegreenscapesbrecken5928 Haha I want to be it’s hard to utter the words 😑
Stick her in the absolutely worst run state nursing home.
Im Gen X. After my boomer parents divorced and put me on the street at 14, i learned to fend for myself. 40 yrs later i put my kids through college. Taught them how to manage money. Have a house they can stay at till they get out on their own. If i do things right, ill be using SS for gambling money.
I am 40 and have been paying taxes into Social Security for twenty something years. To think that money I paid for will be taken away from me and given to others is absurd. And passing the burden on to my son is unthinkable.
Average US government debt per citizen is $100,000. We are never seeing Social Security payments.
USA has wars and other bs to pay for like the heir pockets and new yachts lol
Thing is .. social security is always going to lose the state money because of how its designed. Spending has to be reduced in other areas
Well it's already a lost cause because money now is not worth money in the future, that's why they do it. Due to inflation, your money you're putting into Social Security is not going to amount to squat by the time you take it out. I don't know why anyone would count on Social Security.
@@Dubbadizzo86 yup these old pos people ruined the nation for arrogance. Seen many boomer and silent generation like this
The issue, and i may sound callous. The issue is that the older generation was never ment to live this long and hold sway over power and politics this long. Their suppose to pass down power after they get to a moderate age. Right now the majority of those in power is those above the age of 70
We are parents of three. We have worked our entire lives. All three of our kids finished college with student loans. In general 23 year olds are entering the workforce with huge debt. This is why we have a teacher shortage. Who can afford to graduate with debt only to make 40k? I worry for this young generation. Unfortunately with my husband in construction and I am a teacher, we can’t provide much more to them than love and advice.
Providing love and guidance is wonderful. You did well
Leftist activists somehow afford it, idk how though...
Teachers are scum anyway. Good riddance.
Gen X had the same problem.
Teachers in my area make 65k. It's a good job
My grandparents are in their 70s and they have worked so hard in their life. My gpa is still working everyday too. They’re letting us live with them till houses are affordable. They love us being there and I love the times I have with them. They know how crazy it is to buy a house now and def feel for our situation.
Your grandparents are awesome. Cherish them.
There are still a few who will sacrifice to make someone else’s life better. Good people
Your grandparents generation had all the career opportunities with highschool diplomas. There generation had affordable track housing and affordable single family houses they bought cheap then turned around and voted for Housing zones. They voted to eliminate affordable housing after they themselves benefited from it.
There generation could buy a home and raise a family on a husbands income. They're greed and prejudice changed that
@@IamCartaphilusThe key problem is real estate education is not being passed down. The previous generation goal was to buy a house & put for on table. Nothing more. Next generation want lambo's lol
Loved this conversation! I entered the field of Engineering at 25 years old. I couldn't understand why I couldn't get into one of the big three automakers. I didn't realize, until my 40's, that there were twice as many boomers sitting on all the good jobs. That is why the big three could hire the Cream of the crop in my generation. Fast forward to today. Those boomers are still sitting on those good jobs. They are now only retiring because of Covid and VSP's (Voluntary Separation Packages). Not because they have enough money to retire. The boomers screw themselves with poor money skills and screwed future generations by not retiring earlier and sitting on those good jobs. PS. I was a wedding DJ in the early 2000's. Most couples paid for their own wedding. One out of ten were paid by parents. Great conversation, please let's talk more about this.❤
Actually Boomers have saved and invested better than the generation before.If anything has hurt them financially, it is the inflation created by the Federal government.If the money they have saved was not inflated in such a terrible way,they would have greater riches to pass on.If Boomers did anything that has hurt the generations after ,it is their notion of being a friend to their children instead of a parent.
Yes!!! Majority of boomers have terrible money habits because they're relying on the state/government to take care of them. IMAGINE how much money we'd have to blow if we didn't save for retirement or invest lol.
Boomers were also protected by anti-age discrimination laws. Gen-X got let go instead.
@@emclaire18watch Steve Bannon’s Generation Zero. Puts a lot in perspective.
i'll be paying for my own wedding because both my boomer parents and her boomer parents are basically worthless
I work at a high end restaurant here in California. I sold an older man a $75 glass of wine, he wanted BIG, BOLD, NAPA CAB etc etc. Was very specific about what he wanted. He LOVED the wine, it was everything he asked for. At the end of the meal, it’s time for the check. The man asks me “ARE YOU SERIOUS $75??” I said “Yes, sir.” He said “That’s insane! I can’t believe that kinda price point for a glass.” I said to him dead in his face. “Good sir, at the end of the day this is a business.” “Just as the business of Louis Vuitton made and sold you that 8k epi leather briefcase.” “It’s business.” He completely scoffed at me and said “It’s not about price points, it’s about value.” I said “Sir, you enjoyed the wine? Correct, it was everything you asked for? Correct? Particular requests and preferences come with a price.”
He told me that I was “Young and Green.” (I’m 30.) Which green is Naive. I laughed at myself I wasn’t even offended. I looked at him an old man acting like a child with his little paid by the hour floozy he was with.
These old people I serve are WILD! I have so many stories.
I ordered a pint of an aged bourbon imperial stout once without realizing how much it cost. Didn't realize the price until I got the check. Verified the price was legit, kept my mouth shut and paid my tab leaving a nice tip. It was a damn fine beer!
That's gotta be soul draining on some level. We have become servants to these landlords. They would never change a thing because then they would lose money. House prices might dip 100k, BUT THOSE 8 PERCENT INTEREST RATES ARENT GOING ANYWHERE. You'll pay your house twice over before ever owning it.
He should be embarassed
Old people are going to make up a larger part of every business. You should have prices clearly stated, in larger print so they can read it. Old folks don't like being ripped off and aren't afraid to make a scene. Your restaurant should be floozy friendly and down to earth, you'd avoid a lot of confrontation because waiters should serve their customers and be on their side, and not rob old folks on behalf of their employers
@@MrCanadatom Spoken by a true old person
It’d be nice if boomers took responsibility for ruining the world instead of getting mad at us for not fixing it fast enough.
Well, they worked hard for it. 🤪
They’ll never take responsibility, they’ll take their pride with them to the grave, which statistically speaking is less than 30 years away for most.
Mea cupla, everything wrong with your pathetic life is my fault.
Generation ME ME ME ME
Never seen so much ego and selfishness outside boomers.
@@ShomoGoldburgler Look at your own generation for ego and selfishness: waa waa I deserve more, old people won't give me things.
Literally had a conversation with my husband about this. Two things happened with my generation (millennial) in regards to parents. We either got narcissistic helicopter parents or non existent narcissists for parents. Yes..both narcissists, boomers are the generation where this is most prevalent for a reason. Both types have done irreparable damage to millennials.
Both my husband and I got the non-existent types. Anytime growing up we had questions about how to do things it was “figure it out it’s not hard”. Constantly made to feel dumb anytime we had questions, so we learned to not ask questions and hide things from them. A lot of friends had the helicopters. Their parents would do EVERYTHING for them so they never learned how to take care of themselves. Not because they cared, but because they would be embarrassed if their kid did something the wrong way.
I would argue the non-existent types were a bit better in that we had to learn how to grow up with no guidance. But because we had no mentor to show us how to do basic manual things, we don’t even know where to begin to look for info on where to start. So a lot of “easy tasks” seem insurmountable and it takes us WAY longer to do things like change a tire because we have to figure it out from the ground up. But we at least can try to figure things out slowly because we didn’t have parents just doing it for us.
My husband and I, through insurmountable odds, have made a great life. We have a home, a stable job, a small business on the side, and two kids. Our parents take credit because they raised us “so well” even though they did nothing except feed us and make sure we had a home. There was no parenting involved and it’s entirely in-spite of this that we managed to adult properly.
Yet..my generation is considered “entitled”. I have no pity for the boomers. They didn’t actually raise any generations, so the social contract is broken, and yet are getting all the benefits. I hope they get what’s coming to them.
To add to this because I can see criticism coming: I’m not an old millennial. I was born in ‘92. My husband was ‘91. He got kicked out of his house when he was 17 due to “religious differences” (his family is LDS and he is atheist..because of his parents) so we have almost no contact with his side. My mom was a single mom who was a seamstress and then started her own small company. We still talk to her, but if you ask for even a dollar she will not give you anything cause “bootstraps” even though she herself got loads of handouts from my grandparents (both dead now) for being a struggling single mom.
Point being we don’t have years of wealth building behind us or rich parents to foot the bill and we make things work. It’s not impossible but it’s REALLY hard. And it shouldn’t be a badge of honor to have access for basic things previous generations just got.
I am a boomer and worked ALL my life . Are you saying I am not entitled to MY money ? How about my Father , and Mother , and Brother , and Husband who worked ALL their lives , and died ! They never saw a penny of THEIR money ! By your comment I can tell you are a Godless person . And one day you will stand in judgement before the God you don’t believe it . I’m proud to be a BOOMER . My generation didn’t shoot each other in schools , and on the streets . We knew our neighbors , and the difference between right , and wrong . We didn’t blame others for our problems , and we understood about gratitude, . You have been brainwashed very well . If you have the narcissism to think that “ what’s coming for us “ is not coming to you as well , you are very wrong .
You sound bitter that's why yall generation is weak. Generation X don't whine like spoil children
I disagree that previous generations just got handouts. Very rare. They mostly did it themselves (financially). Only the very wealthy got handouts from parents as adults such as down payment on houses.
I do agree it was a terrible thing to not teach you though. If you are going to take a hard line financially (I believe much better), then the loving thing is to teach your kids basic life skills, budgeting, fixing, taking care of things, help them get their education if possible ( not help them get loans so they have huge debt) but encourage scholarships, trade school, etc.
Its that pouring your love and time into helping them learn to help themselves that is what a good parent does. This is what we did and what many of our friends did, ( most are traditional families where the wife was able to stay home and be a mom full time ). But I agree probably not common for the boomer generation, especially when the wife had to work. I think working moms and broken homes is what created the scenario you describe. And that was rampant in the boomer generation raising the millennial generation.
@@Julia29853 Well said . Rising costs, jobs sent overseas , all led to two incomes needed . You mentioned life skills , so important to quality of life . The reality is America has changed over the years , and economically speaking not for the best . That is the fault of our elected leaders who represent corporate lobbyists , not the American people . Our leaders are controlled , and unaccountable . The mainstream media has brainwashed many that one generation is to blame . This is part of the socialist agenda . Create civil unrest among the populous . . I notice that they are not complaining about the free money given to those that walk over the border . I am from an immigrant family . There were no free houses, food stamps, medical , free phones , and computers , welfare . We worked until we died . People are here living very well who never paid taxes in their life , never paid into the system . No one has a problem with that . They only have a problem with people who worked all their lives , and paid WITH OUR MONEY to a system that was supposed to be there for us in our old age . They don’t complain about the billions sent to Ukraine , they would never complain to their state senators . They did not learn history , so they do not recognize what is happening . Marxism creates two classes of people the oppressed , and the oppressors , with the promise that things can only get better with wealth redistribution from the oppressors . They were not taught about Stalin,Lenin , or Mao . They do not understand the suffering , starvation , and death for millions is the end result . I hope they can look at the tragedy in Hawaii, and begin to understand .
As someone who was born in 1988, I can't appreciate this video enough. My parents divorced when I was a little kid, and I'll be honest that had it not been for my stepfather, I would've amounted to jackshit, only cause how little my actual dad taught me. Hopefully, my generation will right things with their children, cause if we don't correct the course, society and culture is in big trouble.
The majority of your generation is all about mutilating children.. how is that right to set kids up like that??
@roundaboutway7969 Born in 84 and the main problem from the start is there has been a deficit excluding the Clinton tech boom since before any of us were even alive. They kicked the can down the road as long as they could and now the chickens are home to roost....
@@roundaboutway7969He just said his parents divorced which automatically puts him at a disadvantage. Kids from divorced households have way worse outcomes in general the data is clear. Your comment beautifully highlights the baby boomer mentality. ME ME ME. “Having my ideal partner is more important than my kids success. So, I’ll divorce my kids parent and split up the family to fill my relationship needs”. Disgusting and shameful.
Your generation is filth and we look forward to you leaving this earth. We’ll fix it for you, trash.
My husband was born in 1953 and said the same thing. He credits his stepfather with helping him become a good man. He is sure he would not have amounted to much had it not been for this man. Fathers really do matter more that they get credit for, regardless of bio or step.
It’s fascinating to see you write this about your life as it is the same model as mine.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’vivian jean wilhelm” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I totally agree, life for my generation is impossible. Would have made all the difference in the world for me if I had parents that could have helped, even a little, and weren't selfish. My Dad inherited a half a million and blew it all, died leaving me a bill for the cremation. My Mom is almost 70, divorced twice, single, still working f/t buying homes for herself in her 70s that she'll never pay off, but wouldn't even co-sign for me and my husband to buy a home while they where still affordable. I have EXCELLENT credit, almost no debt other than car payments, had the down payment saved & ready, but because we own a small business, couldn't get approved in time. Now we're stuck. My boomer parents and inlaws had everything in life, had it so stinking EASY. They completely failed to see the plight of my generation, and could care less if we're suffering now or later, so long as they can buy they're next RV or vacation home that will more than likely just go to the state or the bank when they die, smh.
Agreed I wish I could add to this because I have similar experience. Its like all these potential opportunities wasted. A mess that we have to fix or correct
I learned who my parents were when they inherited a large amount of money. My mom made sure it was all gone by way of the casinos and now needs constant help to do everything but eat and expects me to take care of her while I lose money taking off work. She even let me pay for some of her bills and food and then I found out she was making over twice in retirement what I make working. It’s unbelievable. I have never been so disappointed in two human beings. Feel like I never knew them at all. The boomers told us we deserved to be called “X” like something was wrong with us from the beginning. Like they were determined to help us fail somehow.
it was shockingly easy for me to get approved for a loan, I really dont understand how others dont get approved
The plight of my generation? This is complete bunk. I grew up in the 70's, working from the age of ten, paid $1200 cash for my first car on my 16th birthday. That's $6000 in todays dollars. I was given a $20 bill for gas when I left for College. I did all the college paperwork, loan paperwork, visits, etc. Everything. The only time I talked to my guidance counselor was about football. All I see from you is complaining. You want your 70 year old mother struggling to pay a mortgage to co-sign for you? Have you lived long enough to see examples of how money matters between family members can cause issues. "life for my generation is impossible". It seems that, for you, love = money. Wow, seems more like your attitude is impossible.
@@johnfisher8401 All depends on how the economy is going at the time. When they need an influx of money they will let more people get loans
If you are complaining about "the next generation" and you were the one that raised them, then you are the one who is responsible. People don't want to hear that because that would mean they're wrong.
Faulty logic.. Millennials are ca 30-40 years old, just starting to get kids, and our kids are not zoomers. We don't claim responsibility for the zoomers lol 😂
exactly
Boomers are selfish with bad taste. They did ruin and abandon education, millenials have been even worse at this. it all begun with the 1968 liberation of lazyness and "leave the kids" to fend for themselves more and more, parents abandon their kids more and more every generation. But it begun with the 50's to 60 year old boomer generation.
@@AboveEmAllProduction well gen x would be the ones responsible for gen z kids.
@@AboveEmAllProductionI’m a zoomer with millennial Parents I’m 20
I’m Gen X and from early on, I’ve told my sons they are not responsible for taking care of me. I planned, saved, invested and made sure I am secured financially and will not accept help from them. The best gift they can give is showing me what outstanding citizens and hard workers they are.
Same here! My mom died in her own house on her own terms, never depended on anyone, lived alone! Kept the whole family connected! I will do everything in my power to follow suit!
Best comment, I agreed 👍
Ok, off to the nursing home with you. That I do not need your help does not mean that they arent entitled to your stuff. 😅😂
Parents like you make it easy for kids too succeed.
Unfortunately it's not easy for a lot of people including myself, where your parents made many mistakes in life and you gotta pay for it and make it out.
Gen X will fix everything when the boomers finally step aside.
The greatest generation said “I want my kids to have a better life then I did” and the boomers instead of putting that lesson forward, they said “shit you’re right. I should live the best life”
First generation in living memory to want the lives of their kids to be worse than their own. All why screaming that millennials are entitled.
I’ve also noticed a trend in grandparents not wanting to help take care of their grandchildren, many even asking to be paid to watch their grandchildren. They have the, I raised my children and I’m done, mentality
Decades ago families helped each other out more. It doesn’t even have to be financially, helping raise / watch the children, teaching one another trades or even basic life skills like cooking or home repairs. How many adults don’t know how to change their oil, how to fix a clogged drain. Things parents should be teaching their children they just have no clue what to do.
I don’t know if it’s because the middle and lower class is being forced into survival mode so they can’t focus on these things, but whatever it is, it’s to the detriment of society.
I’m absolutely living this reality. My mom lives 20 minutes away from us and our four kids. She has nothing going on in the way of hobbies or friendships. She is 64 years old and she goes to work and that’s it. She completely ignores her four grandchildren. She has never helped me through any pregnancy or days with a newborn. I can’t call on her to watch my kids for a couple of hours while I run an errand or get my haircut. She doesn’t spend any time with them. She doesn’t know anything about them. She doesn’t text she doesn’t call she doesn’t come to their baseball practice or their dance recitals. She also didn’t help me pay for my wedding whatsoever or give me any wedding gift.
My in-laws live about 25 minutes away and the only time we ever see them is during major holidays. They don’t call or text or try to see their grandkids either. If we initiate some thing and invite them to something they will try to come, but they never try for themselves to be of any help to us and never have been.
I’m a 41-year-old millennial and mama for including a one year old baby and I have done this all completely by myself without any assistance from parents or in-laws either financially or otherwise.
You better believe I’m not inclined to help my mother out or my in-laws out as they get older and older. They can figure it out themselves like I did.
People in America think you shouldn't do any "work" if you're not getting paid and that toxic attitude spills into the household
As a boomer i have said to many in my age our kids and grandkids will be spitting on our graves.
You are correct
You are correct. The Boomer Legacy will not be remembered fondly.
I called them cowards
@@Candley1077 boomers are so ignorant and blind. They dont see the problems cause they bought their house for 2 Strawberrys. Even my grandmother and grandfather see the problems and are worried
Sure we will
Thank you for bringing this up. It is the biggest problem period. Pisses me off so bad. I ran for state rep here in Missouri no one talks about it but me. We had a $50 billion surplus and Republicans were all saying give it back and Democrats spend spend spend. NO ONE else said hey we have major liabilities coming as boomers retire. Unfortunately being correct does not necessarily mean victory.
My parents are Boomers who worked their asses off their entire lives, but never recovered after 2008-2009. I'm in my 40s, a veteran, and a business school graduate. My wife and I had to choose between owning a home for us and our 2 boys... or renting in a safe area with good schools...
I'm sorry to hear of your families struggles.
Hating on the younger generation is an admission that the older generation has failed.
I get pissed some of my patients have multiple homes..... I cannot afford a home....
@@Myfrilleddragons What is this "home" you speak of? Does it taste good?
It’s amazing having this conversation now and not in 2008
@@covert0overt_810I'm waiting for a crash.... impossible to buy now
Correct
the problem is not social security. It is the way the government is spending the money. Can we go three years without spending on foreign aid and military?
Keep the military; abandon all foreign aid for at least 5 years
The bs 'stimulus ' bills were more than either of those expenses. Inflation quickly preceded the last two rounds .
@stephenpavlov8942 the lockdown was a scam
Bro money is the root of all evil. These bastards will litterly do w.e their friends want, of course for a right price.
I swear to you, that is all this vibration dimension is lol its basicly a HIGH value HELL with alot of deception with small amounts of love lol YES small amounts lol
Stop being antisemitic.
As a boomer I completely agree with you Pat, many of my contemporaries are pulling up the draw bridge of opportunity to younger generations.
In what ways? In what ways are they currently pulling up the draw bridge? I’m just looking for your perspective.
@@agricolaregs Making promoting from within no longer common, Firing long time employees before any benefits take effect, dismantling unions, oursourcing american jobs, putting in anti worker laws such as right to work that only hurt the lower and middle class. Working hard will get you nowhere today, it's all about working smart, which is why younger generations are seen as lazy. The 9-5 grind at one and even 2 jobs isn't enough anymore. The list goes on, but the issue is boomers hold the power and refuse to fix these issues they started or normalized. It may be a bit late, but I hope this helps explain why many millenials and zoomers dislike boomers.
But wait here’s more, after they pull the ladder they get to mock and shame the younger generations for being losers. lol boomers are funny
Adding to @agricolaregs, companies now pay managment so they dont rely on building good careers. There`s no way to climb ledder anymore hence people switch jobs to get better pay, no traning in place either to cut cost, you have to have prior experience. Productivity doubled in the last 50 years but look the salary adjusted to inflation.
It’s like their entire generation suffers from extreme narcissism.
💯💯💯💯💯
Booming sociopaths
I truly despise them
The generation who did absolutely nothing
I mean their parents built everything and they had to maintain but no.. no. Daddy issues!
Daddy worked too hard building the world to hug them
Not all people from any generation are the same. Think about what goods and services will be needed in the future and get involved. Ok, so you think Baby Boomers have all the money. Then how will they spend it? How will it be dispersed when they pass away? Some one says they have multiple houses and gold. Well, if those houses are rentals they need managed and maintained. They need painted. Not enough houses? They need built. How about building with different materials? They need solar panels, wiring, plumbing heat pumps. You also need to save and bide your time. Maybe you buy a house together with another couple, let it appreciate then sell it or one couple buys out the other. The couple leaving takes their profit and puts it down on their own house. Young women and men need to turn to God for help, get married stay together through thick and thin, have some children, make your own coffee every morning. Take a sandwich and apple for lunch. Buy a 2 bedroom, 1 bath house and plant some fruit trees and a garden. Play board games and catch baseball and football with your children. Have kids play catchers in the neighbor hood street while you sit outside in the summer and talk with your neighbors. You only need maybe one car and a pick-up truck. Learn how to do house repairs and fix up a run down house. Get your kids involved as they get older. You will be happier with your spouse, children and neighbors. Save 20% of all you make. if you both work save one person's wages and live on the others. Move from your 2 bedroom house to a 3 bedroom or 4 bedroom. Keep the 2 bedroom and rent it. Stay together. Trust in the Lord Jesus Christ. Vote for politicians that will not get in your way and regulate, tax you to death. If you go to college, don't get a degree in Lesbian Studies. Learn about Chemistry, Mathematics, Biology, Computer Science, Material Science, Civil Engineering, Electronics, Semiconductor Manufacturing, Medicine. Real degrees not 'I Hate America' or 'I hate all white people degrees'. Stay together with your spouse. Don't cheat on each other. Love each other. Even if you can't afford a Tesla. Your wife and children will love the conversations they had with you and eating the buttered popcorn together playing a Monopoly or Risk board game. You have more than you think. This is what some Baby Boomers did. Don't sleep around, getting abortions. Don't believe LGBTQ. Statistics say 85% of Lesbian marriages end in divorce. Its because its not blessed by God. Its not natural. Have faith in Jesus Christ to guide you and make the crooked paths straight. This is how many Baby Boomers did it.
100% spot on.. the entire boomer generation is pathologically narcissistic, sociopathic, and psychopathic. Unbelievably weak human beings. Weak men make hard times, etc etc
100% spot on. The entire generation is stricken with severe personality disorders (not every single person obviously, but a huge majority fs). They are unbelievably weak people. Narcissistic personality disorder, sociopathy, psychopathy, all the cluster B disorders. My 64 yr old father got my 28 yr old gf pregnant when I was still with her 5 yrs ago. For the last 5 yrs they (including my NPD mother who’s still married to my father) have all been lying and pretending my father’s daughter with my ex-gf is my child. Now this poor little innocent 5 yr old girl thinks I’m her father, but she’s actually my half-sister. I just found this out, after she’s already 5 yrs old. My narcissistic older siblings, and my narcissistic boomer scumbag parents are the epitome of the evil, selfish, scumbag boomer generation.
Weak men make bad times, etc etc
I agree with you PAT 100%. My family is from the Caribbean and the only way we believe that the kids lives can be improved is by helping up with investments that are going to improve your kids life. All the rich kids in the Caribbean have a mum or dad who helped them attend medical school or start a business or inherit a business etc. this every man for himself ends up having parents who live like kings while their kids live like paupers.
My grand father put my father through college, my father never had student loan debt in his life. My father never once had to intern for free, my father moved to Canada from the Caribbean, and worked 1 job in corporate Canada at a bank. He was able to buy multiple properties- only for him to sell everything and leave his kids behind (who took out student loans, had to intern and make a way for themselves). It shocks me heartless and selfish my parents have become
I worked at an office supply store for about a year. I would say no joke 70 percent of our customers are easily over 55. The fact I get so many that came in to complain about the price multiple people come in and tell me “ I live off social security how can you charge old people these prices you should be ashamed”
And the only thing I think about is will I even get that when I’m 70
I'm 66 years old and I despise whining old farts like that. I would have told him "I just work here I don't set prices and you have no reason to abuse me. You can always shop elsewhere if you like"...
Who the hell buys office supplies anymore? Boomers😂
boomer calling mellianls lazy when they bought their house on 3 years wages whereas now will take 8-10 to save for a deposit and could be made redundant from any job due to the economy
While they were the generation who fucking ran the dollar up
don't forget boomers are also the most racist. they are the reason for the racial divides we see today
Boomers are too retarded to understand the idea called “purchasing power” and that’s the only thing that matters to the working class NOT GDP. GDP is for large corporations and political lobbyists and rich people.
Great conversation. The older generation also screwed over the younger generations during covid too. Shut down the country to "keep up safe" was incredibly selfish and has hamstrung the younger generations potentially for the rest of their lives if we don't give them the tools to succeed. Socialism is NOT the answer , but instead a strong push for real capitalism, not the corporatism we have now. Thanks Patrick and guys!
You are speaking truth
You can't generalise on the "older generation", many of us fought against lockdowns, didn't buy into the globalists agenda and certainly didn't take the injections in the UK. We also warned everyone we could not to comply with the governments and NHS brainwashing.
@@chet9128also term limits.
It was by design. All of it.
Create several crises and then pull the rug out. When people can't eat or feed their kids they'll beg for socialism.
Plenty of younger people were rabid COVID Nazis.
I work for a non-profit that interfaces with public schools and health agencies regularly. The 60-70 year olds that are hanging around the workforce while also not adapting to the demands of the times are dragging everything down. I don't know if they're holding on to their sense of authority/power, if they're afraid of what life looks like in retirement, or if they aren't financially prepared for retirement, but they don't understand the negative impacts their decision to stick around the workforce is having on the generation behind them. There are a large number of angry 40-60 year olds that are tired of waiting for their turn to lead and are embarrassed by the inability of their bosses to grasp the current business environment.
My parents paid 0% of my college tuition and never paid for my clothes, mandatory expenses, etc since I was 18. However I’m grateful I got to live with them into my mid 20s (rent free) until I moved out for a high paying job.
I’m not bitter towards them, however, I find it condescending when they give me outdated advice and criticise me and my siblings for not living how they want. News flash, it’s impossible to live as comfortably as they did when they were our age. I think the old generations are overall selfish and entitled, but I bet if I were in their shoes, I’d be like that too.
I did everything for my one child who has estranged me in favor of spouse and spouses’s family.
@@nomad7540 that’s sad. There’s more to that story but I wish you well 💝
@@Tresdrole123 There is some mental illness. Thank you.
@@Tresdrole123 I was overcome with sorrow and made a few posts. Sometimes sharing, even like this, helps. Thank you for taking the time to reply.
I revisited some counseling on abusive relationships, letting go, and developing self-worth. Feeling much better. It is difficult but your reply really meant a lot. Seems strange but you never know what little spark can get you moving back in the right direction. Thank you.
I went to college in Nashville around 2010 and something i saw there has stuck around with me to this day about the whole financial problem. A developer would come into a suburb neighborhood and buy a home from an elderly couple who had owned it for 60+ years for around 650K. That is around 300% more than that couple purchased it for originally so a great deal to them. That developer would then build four to five houses on that same piece of property after tearing down the house of the older couple and sell each one of those smaller homes for 700K thus making around 400% on the deal. A new family coming in now has to pay 700K for a home that is 1/5 the size and value of their grandparents home. That situation is not the fault of the parents or even the grandparents. I think the only solution to this problem is for younger folks moving to a small town or city and start a business in a significantly cheaper cost of living place instead of expecting to own property in a big city like Miami, Dallas, or Nashville. By starting a business in that small town you have created jobs in an affordable economy for other people and made the situation better for not only yourself but for multiple people. The internet allows you to have a business in a much broader area now. I think of that song for Green Acres where the woman wants to be in the big city and feel important and the man wants to be out in the country and have peace and quiet. The solution to all of this is people creating new businesses and hopefully in affordable areas.
Nashville housing went sky high after IT moved in.
And loosening zoning laws
All of your Boss Hog govts in and around Nashville are cashing in
so the zoning and approvals are geared to making them rich as fast as possible
while the population of Nashville doubles.
All of the costs are being pushed to other home owners to maximize the profits of the Boss hog families
I'm sure they are all buying mansions in the Ozarks or where ever the hogs are moving
after the rape of TN
@@1Mhoram9 Basic laws of economics says that an item is only worth the price that an individual is willing to pay for it. that being said if you put up a 350K house for 700K and it sells in a couple weeks then that is what the house is actually worth and the market undervalued it before. I am not saying it is fair or right but family homes do seem to be way overpriced. Tech may be the issue but for years there were tons of marketing schemes on how to make money as house flippers which is the result of inflating the value of a home by 20-30% of what it should be. I do believe another way to help is having a far better public transit system where you have high speed rails that can bring in people from the suburbs for little cost therefore allowing them to find more affordable homes. I just think everything the government touches turn to crap so i am concerned about them getting involved in family homes and making it far worse.
learn about the Federal Reserve system and the history of Banking in the United States and why American Colonists fought a Revolution against a tyrannical Monarchy (and his royal Banksters). historically, we are at the end of the road. business is the only solution, but surviving the flood will not look like our parents and grandparents' thriving on the same efforts
It’s an absolute blessing if you have parents that PUSH you to level up and get out of your comfort zone!! That’s what their job is!! Propel the next generation!!
this what my dad is doing but can't say that about my mom with prefer to not work and live from social benefits
@PabloEscobar-pq9fl on average, that seems to be men vs women 🤷🏾♂️
Exactly. Most people don’t have a parent and the ones that have two bitch the most.
@@PabloEscobar-pq9flThat's not just your mom - more like *most women*.
Which is why we all need to ignore *most women*.
GEN X is the next generation. I am sick that we have been canceled by you tube z punks. We bloody well built the internet
I'm a Zillennial (Youngest Millennials that get confused as gen Z age 27) my parents haven't helped with my wedding expense, haven't offered, didn't help with my first house, and I could go further on how I suffered financial abuse at the hands of my dad with little to no help at all getting started in life, and often got discouraged, so i don't actually feel like I owe it to them to care about any of that generation because mine treated me like sh*t and the only reason they will be taken care of is because I feel I owe that to God not them.
That's why I get pissed at the boomers who think I am entitled, sir/ma'am your kid may be but I've worked my damn ass off and not done anything immoral so treat me with modicum of decency because you are the problem. I am tired of the older generations not taking responsibility and disrespecting us like we owe them when I didn't get life easy, I don't owe them anything. Stop assuming, and start listening.
Do you think the majority of boomers had it easy? My silent generation parents gave me nothing. Paid all my own expenses clothes, shoes hair cuts since I was 14 years old. I was expected to work both at home and outside the home since I was 10 years old.(starting with a paper route) No such thing as an allowance. No college assistance, no wedding assistance, no food assistance when I ate oatmeal for dinner every night for months. If you didn’t eat what’s on your plate for dinner, it was wrapped in plastic and given to you for breakfast. As a child, all home maintenance was done by father and kids (me). And I don’t hold a grudge to my father as he left home to join the military at 17 to send money home to his mom (my grandmother) so she could buy a 600 sq foot house for her and my fathers little sisters. And said grandmother worked into her late 70s to afford said house. I got zero financial help as a teen and as a young adult. I don’t blame my father’s generation for his parenting choices.
@@NoName-ov8qi Yes, boomers had it easier. I do believe they worked hard, but the payoff for their hard work was more rewarding than it is for the hard-workers today. We need to fulfill the duties of 2 or 3 people at our jobs just to make average pay, and then go to our second job just to live under a roof because things are so expensive. What really amuses me is when boomers have the audacity to criticize us on our spending and how we cannot afford a house in this day and age.
@@NoName-ov8qi this pissing contest is why we aren’t going anywhere.
Thank You PBD!!! I wasnt born into money and My father had a major heart attack last year. That was the moment i had to step up. Ive inherited -$xyz,000.00 hospital bill, -$250k house, -$ credit cards, -$ monthly bills, -$etc, -$800/ electric scooter for my niece's, -$bach trumpet for my nephew,and my brother was in a car accident + hospital bills.
All these losses in 1 year, and i aint complaining. Its all paid except the house and living expenses.
Thank you for so much. Spreading knowledge and understanding.
I gotta start over, but im not complaining. Im alive and healthy. I can work 16-20 hours a day.
And so the marathon continues.
The goal should always be to leave the generation coming up behind you a better quality of life. That has not happened. It's crazy to see upcoming generations left with a lower standard of living than the previous ones.
F boomers
No it isn't. The standard of living in the West is unsustainably high..it cannot continue growing.
No. It's the opposite. The Boomers have left us all with an unimaginable amount of debt. It's inconceivable that we could ever balance that debt. It's never going to happen.
When I was 12 or 13, we had a surplus. Now that I'm in my mid 30s, I'm astonished that we still have not addressed the debt issue.
That's the dead honest truth, but I'm going out in limb here by the stories I've read and say 90% of us are or are from the same situations. Fourth or fifth generation Americans, and my generation, at 42 right now are going to be the first where we haven't been left the keys to the kingdom, and because of something we had no part in are being persecuted for to this day, and slighted for it. I don't blame my parents though or their parents. I blame what we are experiencing on multiple things that used to be automatic like get a steady job for 30 and chill out in retirement, or buy a home in early adulthood and spend 20% if your salary for 25 years, or even college or education as a whole, why should we take loans for something that actually holds no tangible value in the real world unless your a doctor, lawyer, or engineer. What about the way the medical industry, healthcare, and big pharma have tried to erase 20% of us. It's just not good enough to give it all you have, you need to give it two people's alls, and some extra that we hope is left from the greatest generation still.
PBD is out of touch. Average Americans don’t have a million dollars to give to their children.
I live in a small town. My brother had his dream house stolen from him by a friends boomer daddy. He didn't know, but his friend essentially gave his dad all the details of bid price, thoughts on the property etc. He was taken advantage of by this man. It was a .5 mile down from my grandpas who farms...The only reason I bought a house was because I a friends father let me buy it from him, but the time he had it, it doubled by 30,000+ in 2-4 months....It's not financial suicide, it's financial rape.
RESPONDING to "I live in a small town. My brother had his dream house stolen from him by a friends boomer daddy. ..." Houses are a dime a dozen, dreams also come in all shapes and sizes, and arrive at different times. Time to move on
This seriously sucks. Don’t give up. Make a plan to get what you want and go after it… What’s happening isn’t “nice”. But it isn’t going to change. So …your race to run is harder than what others where given…. Embrace it and kick Az!
That man has been a cheat all his life. His age doesn't matter.
So what you started out with… that was the same thing you would do, maximizing your opportunity. The “boomer” took information and used it, and likely isn’t/wasn’t guilty of anything.
I buy and sell lots of used vehicle related parts to accomplish my goals in my personal life. Has let me - for one example- have a modified jeep that is far above what I could afford with cash. When I buy parts I’ve learned that most of times I get screwed with ‘bad’ parts is when I buy from an under-30 seller. Dishonest about unseen things (missing hidden parts that aren’t obvious when looking from the outside of a transmission for an example that recently happened) and the most dramatic example was the 35yo that tried to sell me a rear axle that he told me was limited-slip equipped. It had the tag saying so. I pulled the cover and it DID NOT have the LS parts, and in fact had loose bolts inside and no shims. It was obvious that he swapped out the LS carrier with an open carrier, and not properly to boot. When I pointed that out he insisted it was limited-slip and stated I just didn’t know what I was talking about, didn’t know what I was doing.
The younger generations are just as likely- perhaps more so likely- to be morally bankrupt as the boomers you categorically demonize.
You should be mad at your friend not the man who bought it. It’s a good business lesson, don’t talk until the deal is done.
Good for you Patrick, it’s a culture thing for the most part. People in the West kick their kids out of the house at 18 and then wonder why no one is visiting them when they’re old
What percent of people do that? 5-10?
If the elderly get too burdensome, expense-wise, the government will find a way to get rid of them. I’m sure they’ve got a slew of bioweapons on deck, I mean, there will just so happen to be a really bad “flu season”. These are disturbing times and we are being ruled by psychopaths. It’s good to keep that in mind when predicting future events.
right! like this miriculous UFO hearing lol all of a sudden.. hm... what event are these nuttos thinkin up now....
The government had a way in 2020! They totally blew it!
Agree
💉💉💉💉💉 The clot shot + 53 boosters
Pretty sure they already did it.
Both my parents passed away when I was a child. I had little to no support network growing up. Still, I survived. Fast forward to modern times. Gone are the days where one income was enough to feed a family of four. Unless of course you are bringing home six figures or more. I currently make 17+/hr and I am BARELY scraping by. I chose to remain unmarried and childless. I can barely afford to feed myself let alone a family. I have no car payment and drive a 20 year old vehicle. I clearly cut costs where I can. I rent a room out of a house because owning a home or renting an apt is evidently a pipe dream these days. You know there is a serious housing crisis when my standard of living 15 years ago was FAR better than it is now making substantially less money. I am now 41yo doing all of this as a "long hauler" with severe back and neck injuries from past car accidents (yes plural). Suffice to say, I am ALREADY being stretched to my limits! With rising inflation, insane cost of living, not to mention the ridiculous cost of healthcare, at what point does the back of the average worker break? We are being screwed at every opportunity. At what point do we say enough is enough?!
Feel you.. I would have done better raised by wolfs.. working and living since I was 14years old.. but I was lucky because I was able to work and make good money, live well until 6years ago and now I’m barely scraping by, never had baby’s either, as a woman this was the hardest decision I’ve had to make.. I’m not stupid, I couldn’t bear raising children to no prospects..
I agree with PBD, parents should not be a burden on their children, you're children are supposed to benefit from you making the right decisions. They'll take care of you if you don't try to burden them.
I already know I’m going to have to take care of my mom. All my siblings don’t even live in the state.
My mother is 64 and retired, not married and living by herself in another state. I told her in no way shape or form, under any circumstance will she ever be allowed to move into my home with my wife and me. Helicopter parent to the fullest while I was growing up. I told her I will not be responsible for taking care of her because of her poor life decisions. The selfishness of her and a large portion of the boomer generation is why this country has gone down the toilet. I scratched and saved every penny in my 20’s and got super lucky with my timing which was unlucky for so many people as I purchased my first home in 2009 @ 27 when the market crashed. It sucks that the entire housing market had to collapse for me to afford a home at that time. Fast forward my wife and me are very blessed and do very well but so many in my generation (born in 1981) work there asses off every day knowing that social security and Medicare won’t be there for us down the road even though we’re being extorted for it now to pay for boomers. The worst generation!
I think your mothers secret wish is that someday you have a child just like you.
@@laurie2218 Fortunately for you, what you think mean’s absolutely nothing and will have no effect on my family and me.
As a 62 year old boomer this year, I will say that we paid into SS our WHOLE WORKING life. If the gov't chose to spend our money on the previous generation, can we help that? I think your over generalizations are sad. You must be a miserable person to be around.
I will say that we are still paying into SS and Medicare. As a self-employed person, we pay even more than a person who is a regular W-2 employee.
But Starbucks will still be there for you. lol.
It's hilarious to me that people always forget about my generation. They think it goes from boomers to millenials. Always forgetting about Gen X
Narcissism usually skips one generation
@@vettemuziekjesI would say that makes sense, but idk about gen Z, some of us are chill and some of us are the most aggressively narcissistic people I’ve ever seen, more so than the millennials in some cases. Gen Z is weird because it’s so split when it comes all kinds of things from culture to interests to politics to just general world view.
Gen X is generally pretty inoffensive and the boomers still clog up a majority of our government and hoard all the money so it’s harder for a younger person to get in, so we can’t really blame y’all for the government’s failings either. I guess my one issue with Gen X is that they haven’t really done anything to reverse these issues but unlike the boomers, I can tell they’re concerned about the future just like the rest of us are. Meanwhile the millennials are loud, dumb and entitled and most of Gen Z is still in high school and middle school right now, and the rest of us are in our 20’s and the economy sucks so much that we haven’t had a chance to do much of anything.
Right? Lol. We’re holding down the fort over here. 😊
@@cosmo9925 My parents are Gen X and how to silent generation and boomer generation raised them was crazy especially during the 80s where everything was fear based and chaotic. If it was the war on drugs, aids epidemic, cold war all these things impacted Gen X especially on the fact they were told to live like their parents were going out and running around the town. Because of this when they had kids in the early 2000s they became helicopter parents because of that paranoia they had during their childhood.
I appreciate this conversation, but we're way past this. If I make 65k a year and I'm living out of my truck, I cannot even think about saving for my kids, although it's the only thing that keeps me going.
Sound just like a boomer, did everything you could.
Boomers did have it the hardest after all.
Can't afford to put the kids first.
Those damn millennials are ruining the country
You can save for several kids dude especially if you have a partner. I know a couple that both made 80k combined. Their second kid just finished private high school. This is the problem thinking 65k is a low wage lol. Make a budget you'll see you are over spending
If you make 65k a year and live in your truck it's simply because you make stupid choices with your money. Or you live in California or New York and aren't smart enough to take that truck and drive somewhere you can afford to live.
Most people wish they could generate 65K/yr. Consider yourself lucky…and find a real good financial advisor!!
@@nealcassady1189 Not to mention child support.
It's obvious "easy" for Patrick with his wealth to be kind with money, however hearing him reflect on the topic it is clear that his kindness comes from within, not from money. As a Man, Father etc.. he comes off as very Good guy. Happy for his success.
I worked hard my entire life to lose it all in the 2008 market crash and I’ve never really recovered. My mom who has never really worked is completely out of touch and unsympathetic. She thinks everyone can just find their way. They never helped me with wedding, college, down payments , nothing
Look on the bright side, many parents didn't help their children.
We've been living in an inflationary economy for over 15 years (since the Big Banks were bailed out by the taxpayer). That's why things are so expensive, yet wages, salaries, etc. haven't budged.
Since 1865 when Lincoln sold us to the banks in europe....
@sven Is that true?! Please explain because I do not know.
Biggest blame goes to the government for taxes and misappropriation of social security funds….
Most policy makers are boomers.
Stop helping immigrants and giving them free stuff stop giving free sexual assignment surgery stop giving Isreal everything boom money for our retirement
The government aka boomers. And yes, defund israels 4 BILLION dollar handout and invest that money in people who don’t murder innocents and steal land.
Go UNION
Who is comprised of and run by old people.
Hey Tom-this is one of the videos that I believe found ME. I'm a Gen X kid born in 1965 and I've lived what you guys are talking about. The elders in my life (Baby Boomers) have been too much of an example of this. In my culture the "Black Tax" is similar to what you all are talking about. My parents were good people, but they struggled being examples of what they desired from their children. My dad wasn't around during my formative years due to my parents separation and had some hard times but was able to remarry and start his own business. He wanted me to help him out with labor and finances, but it was hard to support him because he did not want to listen and grow. He ended up losing his business and later asked me for more financial help. My mom became the savior of our family and helped support her parents, her brother and her son. She depleted her retirement funds and lost a house she brought in the 1970s due to being the major caretaker. She wanted me to step into the role some years ago but I would not. I became a dad at 45 and retired from teaching at 55. I started my own business because that's what I wanted to do and I talk to my daughter about it as well-even though she's only 12. There's no way I can tell my daughter to do anything if I can't be the example-and like your dad, I would NEVER put a burden on her like a student loan or be my caretaker. I am glad that I could retire early and start working for myself and build my wealth-to teach my wife and daughter to do the same.
One child graduated with 2 degrees and no debt (I paid tuition), 75K in savings (lived with me and I paid all bill while he worked part time and saved plus I contributed to his saving each year), gave him a car, lots of love, attention and respect…….never got a thank you but instead am estranged in favor of the spouse and spouse’s family. I didn’t expect anything in return but also didn’t expect to be ousted. Good times can create monsters.
Yep. There's always a risk of spoiling a kid.
This generation for the most part is entitled and thew out hard work and respect
Boomers:”Why do we have to help you out? That’s your responsibility”
Also Boomers:”You need to pay for Social Security for our retirement”
They squandered for decades and even while with children and why alot of them need that SS because alot of them were fuck ups and really and truly don't have shit anymore to show their life. My old harpy is a good example. Used to make great money into the 80s and probably could have been a millionaire by now. My father got an inheritance from his father and balèe it up on fancy cara etc and so did my uncle on his side. On my mothers side the relatives already squandered and raped my last grandmothers house and investments to her name and it will never be passed to me. Relatives never have formed a relationship with me for years and even though they can afford to help out the only heirs which are my two sisters and I they don't and wont because they are all selfish and greedy and live for themselves and their own personal lives. The reason why I forgive my dad is because he wasnt an abuser at least to us over the old harpy. Let the trickle down begin 🤣💦💦💦 I am fucked and have no one to rely on. I will disown myself before any funeral expenses are passed onto me. I will damn this
Blew it up *
Ya this. "I paid into Social Security. I'm just getting my money."
They don't care. They expect us to pay into a system that won't be there for us(2034, the zero year, is also the year the last Xers retire, BTW) when it's our turn. It was always a Ponzi.
I've actually had 2 interventions done on me by Boomers (Family and some neighbors) because I don't pay into it. Said I'm gaming the system. I pointed out that by working outside that system (gig work) I'm actually responsible for myself like they raised us to be. Crickets.....
Their borrowing to their graves
The american dream was base on 2 económic historial events that lasted centuries:
1.the settlement era,which literally was the expansión of the population of an agricultural economic model in the Best and biggest chunck of agricultural land of the world.
2.the urbanización and industrialización of that population creating new economic sectors employing every time more people ,creating new consumers.
That economic model is over the las economic sector created was (IT) and did not employ that many people
Man. This really hit home. It's something I've given a lot of thought into. The last few generations have only cared about themselves. In general, they see kids as tools/pawns for their own vanity. They are not looking at the bigger picture and building generational wealth; they are only looking to retire and live it up when they reach that retirement age or sooner. They are not wise. They put material 'things' over family and they value traditions which have only been around for the last 100 years. They have completely bought into the matrix. They've failed to teach the next generation how important children and family are. Now, it's morally acceptable to just not have children. It's despicable and shameful. They've brought massive dishonor to their ancestors.
They screwed this generation.... they're sitting on multiple homes, while newly starting off people can't afford to even buy a starter unless it's in the ghetto.... even then....
Um do you think their parents bought them homes? No you inherited when both parents are gone.. Let's not forget the previous few generations fought World Wars and a Deep Depression as well. Nothing was handed to them.
Nah, you're just lazy and/or made bad choices.
@@specialagentorange4329I work 4 or 5 13 hr days a week in a hospital bruh... tell me that when I'm doing cpr over you
@@Ms.Norths.Musingsused to be a single income family could buy a home..... not the case anymore. A regular job can't get you anything, you need 150k plus a year...
@@Cole____probably a boomer from Vietnam era
My parents refuse to create a will because they don’t like to think about death. They are 56; I’m 30
I’ve accepted my fate
The only solution is to begin living in multigenerational homes again like much of the world still does. We can do it willingly and allow kids enough to save up for their own and appreciate and care for their elder family members or we can have it forced upon us when things become so bad there is no other choice. An end to immigration and foriegn ownership of US property must be institute to stop speculation and rising cost of a home.
Totally agree!
Manifesto..' make living unaffordable and force them to depend on the government for everything.'
This only works if you have a good amount of working adults in the home. If you only have 2 working bodies (mom & dad for example) and they have to live with and support 2 sets of parents (if all are alive) and a couple of kids. Most elderly need as much attention and could be as expensive as children with medical needs and etc. If you are the average couple, maybe making $100 together a year, that’s a huge burden. Multigenerational homes only work when there’s more than 2 people working.
@@rubiayaladepetrisor when the previous generation already paid off the house...
@@mbburry4759 now that makes sense!
I'm the younger generation. Served and all that and the boomers in my family still hate me. Lol They wouldn't be happy if you gave them a gold brick.... They would find something wrong with it.
I have a degree, and I'm constantly told how I'm the problem when I cannot work due to PTSD from boomer abusive father
I love your example of giving your kids a choice on how to help. MY parents had me young and they weren't making enough to help me with University, so I had to pay it myself. By the time I was out in the job market, my dad climbed up the corporate ladder and moved to another city and allowed me to live in his apartment for a few years, and that was his way of helping me since he wasn't able to when I was in school. With the money I saved in rent I put a 22% downpayment on an apartment in Toronto.
There's such a big difference in how we think about retirement in between generations too. For example, I'm 33 (dead centre Millennial) and most of my coworkers are boomers 2/3 years away from retirement, and some retired last year. I'm their kid's age, basically. And I work in a company that has one of the best public pensions in Canada (probably the best), which pays 80% of your best year when you complete 35 years of service. I had a conversation with coworkers about declining the pension contributions since it deducts 30% of my paycheck when I just bought my apartment. For them, who have already bought and paid off a home, or are close to, it's totally fine, for me, it puts me on a "I'll have to eat noodles this week because I run out of money for food".
So when I have this conversation with them their reaction is "you have no idea how lucky you are etcetc" The truth is, everybody in the Millennial generation lost any hope that our society will even be close to functional for retired people in 30 years time. So this money that I see taken out of my paycheck and putting me on a struggle is most likely money that I will NEVER see. So many countries have had their pension funds destroyed or shrunk by an incredible amount that it's more worth it to just let people keep that 30% on their pockets and have them buy investment property or gold instead. I tell my coworkers that but they think I'm crazy. Just a different reality, we were raised in different environments. We Millennials had a tumultuous coming of age which warped our perception of the world which we see as threatening and nobody in a government position seems trustworthy.
Im with you on the way you think to invest. Last year Boomer here.(64)
He’s correct , I am turning 50,we as a couple just hit the 6 figures each mark but pre covid the husband and I made 70-80 grand yr. Each so we had to save and work overtime hours every week up to 45-60 hours per week because we have 4 kids now 3 adults this is how we helped our children out… we pay “some college tuition “, all of the books and school supplies including new technology that they needed, food, boarding, pay all the car insurance, bought each a good used car they picked out, pay all their cell phones bills until they turned 21… they all knew that at 21 they had to start paying 💯% of their bills.. and extra spending money and their clothes.. so they had time for saving money before we cut them off financially .. but if they chose no college and to work full time instead..we still bought the car, paid the car insurance in full, paid cell phones in full, extra spending money and occasionally filled the pantry and fridge, and large birthday and Christmas chunks sum of gifted money.. until 21.. I don’t know if it’s right or wrong but the economy was this bad when they are starting into the adult world.. we past generation’s didn’t have to deal with this mess of the economy.. how can parents not care about if their children get homeless or starving or can’t get to work because they don’t have a car! How can you even send your babies into a awful situation like that?? Do I don’t care if it is wrong.. we have 1 left in the house he’s 16z here we go again in 2 years… but I sleep well knowing my kids have jobs homes cars and food even if I have to help them..
My wife and I are doing the same thing. We paid for our kids college, phone and insurance. I told our kids I will leave my paid off home to them, because I know their future will be tough.
Paragraph
Older generations had affordable college, cheap housing, jobs that paid enough where only 1 income was needed, and traditional family values that have kept people in healthy families for thousands of years. All that is gone now, none of that was passed on to younger generations. Boomers have torpedoed all of it, but don't even see the problem, and just blame it on the younger generations.
I hope they're alive to see the fallout, it's already beginning. Birth rates plummeting, young families forced to move in with their parents because they can't afford what used to be considered a starter home. Jobs aren't keeping up with inflation and the eviction moratoriums are running out.
They won’t “see” anything they’ll just keep blaming it on the succeeding generations.
College debt has become an enormous burden for Millennials. We were conditioned and manipulated by our parents, the media (the endless after school specials), teachers, guidance counselors, the government (which offered grants and tax breaks for students).
No one is willing to take responsibility for this at all. We're just expected to pick up the pieces somehow and then fix the other problems they made. In addition to our own debt, we're expected to solve the national debt.
Then they insult us and call us entitled, lazy, stupid, etc....all while we're working 80 hour work weeks, multiple jobs, gig work, side hustles just to make ends meet.
We can't afford houses or rent because the price keeps going up and up and wages stay the same.
It seems like things will never get better for Millennials. As we enter each life phase, we're greeted with a new crisis or disaster.
They inherited the New Deal form the two preceding generations, they demonstrated to get the Grand Society as they were young, and once they got their good cushioned jobs they exchanged all that for Reagan.
I'd rather spend my kid's "inheritance" on them while I am still alive to see them benefit from it. Why leave it all until I am dead?! Better to get my enjoyment of watching them get their enjoyment from it! That's what it is for and I am blessed to be able to share with them.
The other thing is, if you wait until you are dead then your kid will be 62 and the inheritance won't really matter all that much. That money matters a lot more when it comes to something like a down payment on a house or some major milestone like that. Maybe starting an IRA, stuff like that.
Adam spitting facts. I'm disappointed Patrick and the other pundits think every other parent is in the top 1 percent
I like how Gen X is always left out of the conversation. We were the first generation to follow the boomers and still experience the hardships that the millenials and Gen Z are experiencing. The only reason why people are talking about these issues now is because the millenials and Gen Z, like the boomers, consist of much larger demographics than Gen X. We are the only generation in U.S. history that is smaller than the preceding generation. When we were younger and just getting started, we were called slackers by the boomers and our insignificance is why we were coined the X generation. We did not get the support that the boomers got and were told to just shut up and go to work. The economy was bad and jobs were scarce when we graduated college and like the following generations, incurred massive student loan debt. Pension plans were a thing of the past and the days of getting promoted and raises based on meritocracy were long gone. We suffered the same trials and tribulations as the millenials and Gen Z but were never given a spotlight to complain about it.
I like it because I hate everything and insert ironic self deprecating humor something something Die Hard was a Christmas Movie.
It's because you guys are silent. You always have been silent. You took the brunt first, but you didn't speak up. But it took us, the millennials, to at least open our mouths and say hey, you're the ones that raised us. Speak up next time. That's a key trait from your demographic. Y'all never said shit
@@NeighborhoodWatchMann We did speak up but nobody listened. The reason why nobody listened was because like everything else, there is strength in numbers. The millennials, like the boomers are complainers and are a large enough generation that when the economy, the prices of education and healthcare are affecting a larger demographic, people tend to notice. The only way things will change in this country is if enough people stand up against the machine. The boomers and millennials only care about themselves.
@@NeighborhoodWatchMann 46, Gen X, Yeah we’re silent ish. Best thing about us imo,used to call it stoicism. That’s what separates us from the boomers and millennials who are 2 sides of the same coin. Two generations determined to change the world come hell or high water, so convinced that they had all the answers, in the end, all we got was the hippie movement, selfish drug addicts, and then the millennials gave us the woke, narcissistic morons.
So ya Gen X olargely silent, Didn’t do much to tip any scales one way or another, Probably content to leave the world much the way we came into it, But at least we didn’t make the world the worst place, and then pat ourselves in the back for it, looking at you two, the Bs & Ms. You are welcome, now I’m going to find something else to be apathetic about, that’s assuming I even care about finding something in 20 minutes…. I could be dead in 20 minutes Gen X dropping like flies. Half my friends are dead, pussies… not you, my dead friends, they’re pussies for dying
And as the official spokesman of Gen X, I would encourage All to continue to leave Gen X out of the conversation conversation we preferred that way. Leave me alone. Get off my lawn, take your woke gender fluid dog somewhere away from me……. I don’t know where I was going with that, don’t care either, apathy superpowers, k bye
I bought my house at 29 years old almost 2 years ago. I was fortunate that I bought right before interest rates shot through the roof. I was also lucky enough to move into my father’s basement while I saved up the money to do it over the course of roughly three years (prior to that I was renting an apartment with a friend). I have no one living with me and I have no children and that first year of home ownership was damn hard just barely braking even every month after all my expenses. Also in order to buy I had to move way out into the country which is almost 80 miles from my job. Fortunately I am allowed to work remotely but I feel for those people that have to commute everyday (I was one of those people prior to the job I’m in now).
The point I’m making is that it is possible to buy a home in your 20s but it takes a lot of discipline to do it and when you do you will have a lot of sleepless nights worrying about money.
Similar story for me. Living at home rent free is the only reason I was able to save for a home. Rent ate all of it. And every lease renewal was a rent increase as well. I had to plead with my boomer father that I have no shot in home ownership unless I can save save save for a few years.
I had 4 companies and made 30k a week by age 24. The banks and government are screwing us over. Stop bragging about your house and get out there and do something....
I'm a boomer and think it's not on the next generation to have to pay for my mistakes or my gerontology because I was too inept to manage my financial affairs to become a burden to them.
Boomers just don’t know how to gracefully go away because of stupidity, no competition and an entitled mentality and psychopathic greed. - Gen-X
It's too late for your cohort to fix anything. All those boomers and older in government need to retire. You've all done enough damage.
Too late
I have 3 adult kids and i fully agree with you. The problem is that ive been a single mom for the last ten years. Even so, i do everything possible to help them foundationally but i hate its so little. I have an emergency fund valued at 1k so when a car breaks down or a medical bill comes, i take from that to help them. It’s DRAMATICALLY harder for them to make it than it was for me. Breaks my heart. I wish i thought about this before becoming a mom
It`s not your fault, you had hope of a better future to them! We shouldnt need help from parents if the economy wasnt so broken with 400k plus homes.
I’m 37 and my wife is 40. We have decided we cannot afford to have kids. Unfortunately for us we need to work full time on our careers so we can retire one day. This is a very common thing happening with our generation. I sealed the deal a month ago and I got fixed.
Your wife is 40, she can't have kids anymore.
@@khanhcao3123 She could. Just too much of a risk as well
@@khanhcao3123 my grandma had kids till 70. Again it was the 50s and raising 10 kids was a lot cheaper
Most people, 90% think that until they have kids. Then guess wut, most find a way, children have that effect on folks.
@@khanhcao3123ignorant comment.
This is an important conversation. It’s one area that I think the boomer generation fails to see just how dire the situation being created is.
My wife and I are a single income family with multiple kids. The only reason we own a home is because we bought in prior to 2019 and then sold it at the height of a big city housing market boom. Other wise we would be in a conundrum as to whether we want to live in very meager rental housing or have my wife go back to work instead of raising our young children.
Well lets see. I was born 1988. I was 13 when 9/11 happened and our freedom got strangled. Ever since the eternal war machine sucks us dry. My parents put me out at 17 when you could make 6-9 dollars an hour as a laborer. When i was 19/20 and still working my way out of poverty, the economy collapsed. I began to work my way into a savings amidst all that, for official policy to brutally suppress interest rates while printing money. Now im in my 30s and making ok money with my skills and it looks like the bubble will pop again and who knows what itll take with it this time.
This country is becoming a third world basketcase led by psychopaths.
My aunt is 85 years old.... She showed me what she could get for a dollar at the store back in the day milk was $0.25 steak was $.50 a house was $2,000.... My grandpa retired on a dollar$1.80 a hour .... It takes $5,000 to make a dollar in today's money my dad bought a house in the 50s for $6,000.... Today the government says the house is worth $190,000..... Do I need to say anymore I pay more in taxes now then my Dad paid for the house in 1950
Inflation
Of course things are going cost more now then back in 1950. Just like somebody house today that cost 450.000 fifty years from now probably twice as much and that generation will blame your generation like people blame boomers today. It is nobody's fault.
@@zuzanazuscinova5209 Circus, Scam, Pump and Dump economy.
Great conversation! Thanks a lot! Fully support your concern about young generation!
My folks told my brothers and I to go to college, because "You'll get a good job", but they never financially supported us, I even wanted to go out of state for school, and the "We won't help you". When my brother got married, they paid for his wedding, but didn't help me with a down payment on my townhouse, or have offered my brother with help for a down payment on a house, and I hear them talk about how their financial guy told them that they can take multiple trips a year. Needless to say, they are going into the cheapest nursing home that money can buy.
👏👏👏
I wouldn't bother with the nursing home. Tell your parents you spent their nursing home money on your college degree. Hopefully your degree wasn't useless, many of them are.
@@margaretnewlands3237 Telling your children to go to college, but they can't go out of state, and yet not financially helping them comes off very selfish. Being a parent and being okay with financially burdening your children at a young age is being self entitled.
As a member of the somewhat younger generation, he’s exactly right. And our generation somehow feels it coming that we’ll be fucked bad in this situation.
Nice language.
This conversation is very important and I wish people in power would own this.
The boomers became adults and as they moved past the entry level positions and began to have some degree of control over corporate America, they realized if they restructured the workforce, restructured the expectations between worker and corporate, that they could pay themselves more now at the cost of there being less for future workers. My stepfather worked a pretty hard job for 40+ years before retirement. If you started a job with them today, you'd never make the kind of money he was making, your never get the same benefits he got, no pension just a bs 401k with paves of fees.
The boomers grew up at a time where the law discouraged obscene compensation for corporate leaders, it didn't make sense to pay them more at some point because they'd never see the money due to the tax rates on high income. The boomers laughed at problems like climate change, realizing that they'd all be dead before them problem became manifest. Why would they pay higher costs and taxes to help future generations? We've known for decades that at some point social security won't be able to pay all benefits, the date for when this could happen fluctuates but they concluded that most of them would be dead by the time they run out and so the people who are alive then will just have to figure something out, again why would they pay more now to benefit future Americans?
Since birth they have gorged themselves at the buffet of America, capitalism has always been a gravy train for them so they love it. They failed to realize the conditions that existed when they grew up were a complete aberration from what we have mostly seen through history. The unique set of circumstances after world War 2 allowed a middle class to emerge and thrive. After achieving power the immediately began to dismantle this.
Trip after trip to the buffet counter they brought entire pies back to the table and proceeded to stuff those pieces of pie down their gullets at break neck speed, slapping the hand of anyone trying to catch a few of the crumbs falling as they devour that the next piece. Then they were indignant that there was a bill, they demanded discount after discount after discount and they got it every time.
Their parents were remarkably self sacrificing (GIs had to be to get through such a global crisis) and their children were conditioned to believe that this was how it should be (never knew any kind of crisis except boredom). The Boomers were never taught to sacrifice for the greater good. They were taught that everyone else should be giving to them.
@felixthecat2786 During the cold War they started teaching the kids that the reason for the prosperity was capitalism. Nevermind free enterprise and market economies were not novel concepts and they had never before created a middle class but that's what they tought the boomers. They made them read Ayn Rand in school, teaching greed is good that things work best when everyone is only thing to get as much as possible for themselves. Like Glenn Beck said "I want all my pie". Christianity was used as a means of social cohesion, we had no solidarity among the people, we compete against eachother and no matter how much they claim otherwise there are zero sum elements to it. They love capitalism because it's been a gravy train for them, they could easily put themselves through college working part time, they got degrees and entered the workforce with little debt.
Boomers had to go thru 2 recessions and was the last generation forced to go to war..cry me a river
@johnmusser8925 I've gonne through multiple recessions, all taking place on their watch, with them running basically everything....yet they themselves always seem to end up ok, they grandfathered themselves in to all the goodies they say we just can't afford.
@@JamesWatheist wondering what I got grandfathered?....did you go thru high school w a draft card in your wallet?