I don't know what Boomers you know but none that I know are doing that. And I know a lot.

Most, like me, have their homes paid for, nice nest eggs and good insurance. Between me and my wife, our kids will be dividing up a substantial amount when we go.

not anti boomer or full of boomer hate

As stated earlier, it’s about government debt


During the 2008 GFC, had the government’s around the world not bailed out all the banks,,,,,

The system would of reset(in a painfully necessary way),,, instead,,,,,,the government kicked the can down the road,,,,,,penalizing future generations

boomers retirement would of looked drastically different,,,,,,,

It’s the Keynesian vs Austrian economics debate, that we are seeing play out currently around the world

And is going to come to a very spectacular/painful head sometime in the not to distant future

Everything is good until you need a nursing home, then kiss it all goodbye ....

There are alternatives to nursing homes. The most common being in-home care which is covered by most decent health insurance coverages.

I don't see myself ever being confined to a nursing home and I sure don't intend to squander my kids' inheritance on one.

Awwww good insight to your BTC posts. Always wonder what’s driving force for individuals

None you know won't have enough money in their golden years?

You must run with the upper echelon.

What ha[[ened to the thread some found out the guy we all voted for really has a problem keeping his word.

Not "upper echelon" at all. just a bunch of hard-working middle-class guys and gals that spent their monies wisely, invested and saved what they could. Most of us are already in our "golden years."

I know a few that never got out of party-hearty mode but they are a small minority of my friends and acquaintances.

Accounting for compounded inflation, Baby Boomers will not be leaving more behind than the Greatest Generation.

Median retirement savings from 65 to 74 is 200k. That means half of the population has that much or less even, half

Is that enough money?

The numbers are what they are. I would venture to guess half the people in my age group or higher is in that same predicament

I don't agree

Even if that's true it's okay. I never considered it a competition between me and the generations that came before me.

I guess that depends on the lifestyle you want to lead. For me, it would be enough. I've been told I'm very frugal in less polite words than those.

Its not a competition with the previous generation. As Americans we should all strive to build generational wealth so that we continue to become stronger as a nation.

Yes it has, in the early 80’s, construction jobs were scarce as hens teeth. I went from $12.00 to $7.00 overnight to keep working

People today have more than they ever had.

Every generation, starting with those born in the '30's have had more than the one before.

So very true!!!! This is why I can’t buy into the “woe is me, we’re doomed” rhetoric.

200,000 is enough to rely on for a retirement savings?

I thought we were having a serious conversation.

I don't care how cheap one is you can't run from taxes, insurance and compounding inflation.

I guess if your relying 100% on that $200,000 then things could get tight.

But I assumed you meant folks with additional sources of income like almost all do. I mean who doesn't collect SS benefits? Every retiree I know does. Granted it isn't always that much, I think the national average is around $2,000.00 a month. Even that small amount will buy you groceries and pay most of your bills assuming you no longer have a mortgage.

Most of the folks I know have earned a bigger monthly benefit, some collecting near the max which is currently around $4,000.00 a month.

Then there's pensions.

Then there's dividends from investments.

Who lives entirely on just their savings? Nobody that I know.

I too thought we were having a "serious" discussion.