Quote:
Originally Posted by NuclearPizzaMan
1/3rd of working baby boomers (55-64) in the U.S have less than 1 year's income as savings, 1/3rd have NO savings, but it's the other generations that are evil materialist lazy entitled commie lovers.
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Do you think the baby boomers will support austerity budgets when it's their retirement income on the line? They (speaking as a collective group; obviously there are individual exceptions) didn't save nearly enough for retirement, and their children and grandchildren will be forced to pay for it. Of course, the career earning potential of those subsequent generations will be greatly reduced because the boomers are staying in the workforce longer (because the didn't properly plan for retirement), delaying promotions and advancement opportunities for the very people who will be funding their retirement.