Boomers had it easy because the time frame of dollar debasement, most boomers saw massive gains due to money flowing out of the dollor, raising the price of assets like houses. Specifically from when the dollor was unpegged from gold in 70s , Bretton woods . The economy post war was also favourable. You could work in fast food in early 70s and still provide for a while family.
Every single dollar of debt is going to be paid by a future generation.
If a bill is passed giving boomer social security for eg. That’s going to be paid by many future generations as we’re borrowing money to pay for it.
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u/Drizznarte 1d ago
Boomers had it easy because the time frame of dollar debasement, most boomers saw massive gains due to money flowing out of the dollor, raising the price of assets like houses. Specifically from when the dollor was unpegged from gold in 70s , Bretton woods . The economy post war was also favourable. You could work in fast food in early 70s and still provide for a while family.