BoomerVille: Bearing Witness to So Much Suffering Among Younger Generations

You bet, the generations which followed Boomers certainly have resentments. They size up that Boomers got a better deal than they did. A much better one. Everything from cheap higher education to secure corporate jobs (that is, at least until Jack Welch, et al., sent middle managers into the cold in middle age).

Those hostilities have become raw. Therefore, Boomers have a ready-made excuse to look away from the suffering of younger generations. It's so heavy. No help is on the way for youth. They could be the worse off generation since The Great Depression. 

What Boomers are looking at is their own money. Will they have the funds to continue with a lifestyle or to make it until they die? Inflation is blowing up the years of planning.

And for them too help isn't on the way. 

Social Security payments can be reduced in six years.

Medicare is uncertain. Most have already crossed the line from very good health to scary medical conditions. How much in addition to Medicare/Medicare supplement will they have to pony up?

Meanwhile, the money issues have pushed them to some very unwelcome decisions. The new usual has become: relocation from where they had built a life. Can't afford that anymore. And there could be multiple moves. 

Typical: The LCOL (low cost of living) location such as Tucson, Arizona no longer remained so LCOL. The efficiency at Vista Montana which leased for $400 in 2014 - rent included water, trash, sewer - now will cost $721 to $784 monthly. Add also on the current bill for water and more. Given the increased heat in the Southwest, factor in the whopper of an air-conditioning bill. 

So, there's another move. Getting popular is the midwest. Example: In Toledo, OH, Cambridge Woods leases a large one-bedroom for $760, including water, sewer, trash, gas, heat and air-conditioning. But that entails another new start. 

Of course, compassion is a noble virtue. But that's not in the collective consciousness of BoomerVille. The mindset is binary. You're financially secure or you're not. If not, you're scrambling to fix that. Former New Jersey Chris Christie calls Boomers "selfish." They have to be. 

So here are many Boomers tonight, checking Dow futures:

Dow Futures
48,861.00
Change
+ 94.00 0.19% 

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